VivoPower(VVPR)

Search documents
Tembo E-LV Progresses Business Combination Agreement with CCTS at a Combined Enterprise Value Of US$904m
Globenewswire· 2025-03-21 13:15
Group 1 - Tembo E-LV B.V. is working with Cactus Acquisition Corp. 1 Limited (CCTS) to close a Business Combination by Q2 2025, with a combined pro forma enterprise value of US$904 million, assuming no public trust redemptions for CCTS [1] - The Business Combination Agreement (BCA) was initially announced in August 2024, with a target closing date by the end of 2024, but was delayed due to new rules regarding special purpose acquisition company transactions [2][3] - The parties are finalizing the registration statement on Form F-4 to be filed with the U.S. Securities and Exchange Commission (SEC) and expect to close the transaction subject to closing conditions, including SEC review and CCTS shareholder approval [3][4] Group 2 - VivoPower International PLC, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications, and aims to provide turnkey decarbonization solutions [5] - Tembo, a subsidiary of VivoPower, specializes in 100% electric utility vehicles for ruggedized applications across various industries, including mining, agriculture, and defense, promoting safe and reliable electrification solutions [6]
VivoPower International PLC Announces Intent to Spin-Off of Caret Digital via a Direct Listing on Nasdaq and Dividend Share Distribution
Globenewswire· 2025-03-20 13:25
Core Viewpoint - VivoPower plans to spin off its subsidiary Caret Digital through a direct listing on Nasdaq, allowing shareholders to receive dividend shares and focusing on cryptocurrency mining, particularly Dogecoin [1][2][3][4]. Group 1: Spin-off Details - VivoPower shareholders will receive five shares of Caret Digital for each VivoPower share held, with an implied market capitalization of $250 million, subject to market conditions [3]. - The decision for a direct listing instead of a reverse merger is based on cost efficiency and a simpler process for distributing shares to shareholders [2]. Group 2: Caret Digital's Strategy - Caret Digital will focus on mining Dogecoin and converting it to Bitcoin to optimize returns, leveraging current DOGE mining economics [4]. - The company plans to raise $10 million from strategic investors to support its growth plans [3]. Group 3: Company Background - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions and aims to provide turnkey decarbonization solutions [7]. - Caret Digital is a wholly owned subsidiary of VivoPower, developing renewable power infrastructure integrated with high energy consumption use cases, starting with DOGE mining [8].
VivoPower's Tembo Signs Definitive Heads of Agreement with East Africa’s Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)
Globenewswire· 2025-03-18 13:25
Core Points - VivoPower's subsidiary, Tembo e-LV, has signed a 5-year agreement with Associated Vehicle Assemblers Ltd. (AVA) to convert 200 vehicles in the first year and 1,600 over five years [1] - The agreement covers East African nations including Kenya and Tanzania, which have a combined population exceeding 500 million [2][3] - AVA will distribute and locally assemble Tembo's 100% electric utility vehicle (EUV) solutions for various sectors, enhancing local maintenance and support capabilities [3][4] - The partnership aims to support Kenya's transition to sustainable transportation and create value and jobs in local economies [4] - Demand for electric vehicles is accelerating in East Africa, driven by both government and private sector interest [5] - Tembo's strategy to reduce costs while maintaining quality has led to increased interest in their next-generation EUV25 electric conversion kits [5] - VivoPower aims to build partnerships with established leaders in their markets to deliver electrification solutions [5] Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [6] - Tembo provides 100% electric utility vehicles for ruggedized applications across various industries, aiming to support fleet owners in achieving ESG goals [7] - AVA is East Africa's leading vehicle assembler, known for producing high-quality vehicles tailored to regional needs and committed to sustainability [8]
VivoPower's Tembo Signs Definitive Heads of Agreement with East Africa's Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)
Newsfilter· 2025-03-18 13:25
Core Points - VivoPower's subsidiary, Tembo e-LV, has signed a 5-year agreement with Associated Vehicle Assemblers Ltd. (AVA) to convert 200 vehicles in the first year and 1,600 over five years [1][3] - The agreement allows AVA to distribute and locally assemble Tembo's 100% electric utility vehicle (EUV) solutions across East Africa, targeting sectors such as mining, agriculture, and government [3][4] - The partnership aims to support Kenya's transition to sustainable transportation and create local jobs [4] Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [6] - Tembo specializes in 100% electric utility vehicles designed for rugged and customized applications across various industries [8] - AVA is East Africa's leading vehicle assembler, known for its commitment to quality and sustainability, and has the capacity to assemble 30,000 vehicles annually [9]
VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION (UPDATED)
Globenewswire· 2025-03-10 13:25
Group 1 - VivoPower International has announced the extension of its Stock Buyback Program, now set to expire on June 30, 2026, allowing for the purchase of up to US$5 million of its outstanding ordinary shares [1][2] - The Stock Buyback Program will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs [2] - The company has not repurchased any shares under the Stock Buyback Program to date [1] Group 2 - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [3] - The company's core purpose is to provide turnkey decarbonisation solutions to help customers achieve net-zero carbon status [3] - VivoPower operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [3]
VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION
Newsfilter· 2025-03-07 20:30
Core Points - VivoPower International has announced the commencement of a Stock Buyback Program, allowing the company to purchase up to US$5 million of its outstanding ordinary shares, with an updated expiration date of April 3, 2026 [1][2] - The funding for the Stock Buyback Program is expected to come from surplus cash receipts and proceeds from business and asset divestitures [2] - VivoPower is a global sustainable energy solutions company focused on electric solutions for customized fleet applications, with operations in multiple countries including Australia, Canada, the UK, and the US [3]
VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa
GlobeNewswire News Room· 2025-02-10 20:30
Core Insights - The partnership between VivoPower's subsidiary Tembo and Asilia Africa aims to electrify Asilia's fleet of Landcruisers, starting with the delivery of EUV25 EPower conversion kits in February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - This collaboration is focused on promoting sustainable tourism in Africa, with plans to scale across Asilia's 16 camps and broader industry networks, thereby reducing diesel consumption and carbon emissions [1][5] - Both companies are committed to environmental stewardship and social responsibility, as evidenced by their status as Certified B Corporations [4][6] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, specializes in sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, operates 16 bespoke camps and lodges in East Africa, employing nearly 1,000 people and focusing on immersive safari experiences while safeguarding ecosystems [3][11][12] Environmental Impact - The initiative is expected to significantly reduce Asilia's reliance on diesel, contributing to its goal of achieving carbon neutrality by 2025 and enhancing the overall sustainability of its operations [5][7] - Tembo's electric utility vehicles are designed to operate in extreme conditions, eliminating emissions and noise pollution, thus supporting ecologically sensitive regions [5][9] Strategic Goals - The partnership aligns with VivoPower's mission to provide sustainable energy solutions that enhance operational resilience and reduce carbon footprints [5] - Asilia Africa aims to pioneer sustainable tourism solutions that protect ecosystems while enhancing guest experiences, reflecting a commitment to responsible tourism and community-driven impact [7][13]
VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa
Newsfilter· 2025-02-10 20:30
Core Insights - VivoPower's subsidiary Tembo has entered a definitive supply agreement with Asilia Africa to provide EUV25 EPower conversion kits for Landcruisers, starting February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - The partnership aims to establish both companies as leaders in sustainable tourism, with a focus on reducing diesel consumption and carbon emissions across Asilia's 16 camps [1][5] - Tembo's electric utility vehicles will operate entirely on renewable energy, enhancing operational resilience and contributing to both companies' net-zero goals [1][5] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, is a leader in immersive safari experiences in East Africa, operating 16 camps and employing nearly 1,000 people [3][12] - Both companies are Certified B Corporations, emphasizing their commitment to environmental stewardship and social responsibility [4][13] Partnership Details - The first phase of the agreement includes local assembly of the EUV25 EPower kits in Kenya, with the aim of replacing diesel-powered vehicles in ecologically sensitive areas [2][5] - The initiative is expected to significantly lower Asilia's carbon emissions and enhance the safari experience for guests while supporting local communities [7][5] - The collaboration reflects a shared commitment to responsible tourism and innovation, ensuring the preservation of Africa's ecosystems [6][7]
VivoPower’s Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
Globenewswire· 2025-01-31 14:30
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) to enhance payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to shorten the company's working capital cycle due to instantaneous settlement capabilities [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in Bitcoin, XRP, and Dogecoin [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and related services [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the UK, and the UAE [4]
VivoPower's Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
Newsfilter· 2025-01-31 14:30
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin, Ripple, and Dogecoin, enhancing payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to improve the company's working capital cycle through instantaneous settlement [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in these assets [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, and the United States [4]