Cactus Acquisition Corp. 1 Limited

Activity by year

202420252026

AcquisitionInvestment

Aug 18, 2025INVESTMENT$200.0M
Energi Holdings to invest $200M in Tembo e-LV via SPAC transaction
VivoPower announced that Energi Holdings will acquire a 51% stake in its subsidiary Tembo e-LV at a $200 million enterprise valuation, supporting Tembo's business combination with SPAC Cactus Acquisition Corp 1.
VivoPower International Tembo e-LV target Cactus Acquisition Corp. 1 Limited partner Energi Holdings investor #Automotive Components globenewswire.com
Aug 29, 2024ACQUISITIONUnited States$904.0M
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.
VivoPower International investor Tembo e-LV target Cactus Acquisition Corp. 1 Limited acquirer #Automotive Components reuters.com
Apr 3, 2024ACQUISITION$838.0M
VivoPower subsidiary Tembo to merge with CCTS at $838M valuation
VivoPower's subsidiary Tembo e-LV has entered a binding heads of agreement to merge with NASDAQ-listed Cactus Acquisition Corp. 1 Limited (CCTS) at an indicative equity value of $838 million. The combined company will be named Tembo Group.
VivoPower International investor Tembo e-LV target Cactus Acquisition Corp. 1 Limited acquirer #Automotive Components temboelv.com

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