VivoPower International (VVPR) has released an update.
VivoPower International PLC has announced plans to merge with the hydrogen technology company FAST, in a strategic move valued at $1.13 billion. The proposed all-stock deal will result in VivoPower shareholders owning 49% of the combined entity, with VivoPower’s shares valued at an implied price of $101 each. The merger is contingent on a series of conditions, including the completion of another business combination with CCTS and the separate listing of Tembo.
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