VivoPower announces submission of registration statement for Tembo combination

VivoPower International (VVPR) has reached a milestone with respect to the proposed business combination between its subsidiary, Tembo e-LV, and the special purpose acquisition company, Cactus Acquisition Corporation I CCTS), being the confidential submission of a registration statement on Form F-4 relating to the business combination with the U.S. Securities and Exchange Commission. The submission of the Registration Statement reflects an important step towards Tembo becoming a publicly listed company on Nasdaq and provides Tembo with its own platform to scale its growth globally. The combined entity following the business combination will be named Tembo Group N.V. and is expected to have its ordinary shares and public warrants listed on Nasdaq under the ticker symbols “TEMB” and “TEMBW”, respectively. The business combination is expected to close in March 2026, subject to the satisfaction or waiver of certain closing conditions, including the Registration Statement being declared effective by the SEC, receipt of approval of the listing of the combined company’s securities from Nasdaq, receipt of approval from CCTS’s shareholders and the satisfaction of other regulatory and customary approvals.