VivoPower to remain listed on Nasdaq and spin-off Tembo and Caret Digital as part of a revised US$180 million takeover proposal Energi Holdings has amended takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower, subject to completion of due diligence VivoPower free float shares would consequentially be reduced by 80% with Energi Holdings becoming the largest shareholder Energi to be supportive of two VivoPower business spin-offs: Tembo SPAC merger with an equity value of $838 million and Caret Digital spinoff with an implied market cap of $250 million LONDON, April 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that Energi Holdings Limited ("Energi”) has amended its non-binding takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower.
These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission.
This announcement represents a clarification update on the prior unsolicited, non-binding all-cash offer made by Energi to acquire all non-affiliated free float shares of VivoPower.
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