VivoPower International PLC’s electric vehicle subsidiary, Tembo e-LV B.V., has extended its exclusive heads of agreement with Cactus Acquisition Corporation I for a proposed $838 million merger until July 31, 2024. The extension aims to offer more time for finalizing the definitive business combination agreement and securing an independent fairness opinion. VivoPower specializes in sustainable energy solutions for customized fleet applications and operates worldwide. If a definitive business combination agreement is accomplished, relevant documents, including registration statements, will be made available to shareholders of Cactus Acquisition Corporation I for further review.

Electric Vehicles, Sustainable Energy Solutions, Mergers & Acquisitions,United States, United Kingdom, Global