# 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.

- Type: Acquisition
- Announced: 2024-08-29
- Where: United States
- Value: $904.0M
- Status: announced
- Products: battery-electric off-road vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [VivoPower International](https://endata.com/companies/35300.md) (investor)
- [Tembo e-LV](https://endata.com/companies/76614.md) (target)
- [Cactus Acquisition Corp. 1 Limited](https://endata.com/companies/76615.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/vivopowers-tembo-e-lv-go-public-via-904-mln-spac-deal-2024-08-29/), 2024-08-29: "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."

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