Tembo E-LV to go public via $904M SPAC merger with Cactus Acquisition

Tembo E-LV, a unit of VivoPower International specializing in battery-electric off-road vehicles, has agreed to merge with blank-check firm Cactus Acquisition Corp. 1 in a deal valuing the combined entity at $904 million.

“Tembo E-LV, a unit of power infrastructure developer VivoPower International, said on Thursday it has agreed to go public through a merger with blank check firm Cactus Acquisition in a deal that would value the new entity at $904 million.”reuters.com

• 1 source
• reuters.comVivoPower's Tembo E-LV to go public via $904 mln SPAC dealAug 29, 2024

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