# VivoPower announces merger of Tembo into CCTS at US$838M equity value

VivoPower announced a binding heads of agreement to merge its subsidiary Tembo into a NASDAQ-listed special purpose acquisition company (CCTS) at an indicative equity value of US$838 million.

- Type: Acquisition
- Announced: 2024-04-02
- Value: $838.0M
- Status: announced

## Companies

- [VivoPower](https://endata.com/companies/76557.md)
- [CCTS](https://endata.com/companies/76558.md) (acquirer)
- [Tembo](https://endata.com/companies/76559.md) (target)

## Sources

- [vivopower.com](https://www.vivopower.com/press-releases/vivopower-announces-binding-heads-of-agreement-to-merge-tembo-into-nasdaq-listed-ccts-at-an-indicative-us-838m-equity-value), 2024-04-02: "VivoPower announces binding heads of agreement to merge Tembo into NASDAQ listed CCTS at an indicative US$838m Equity Value"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.