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EV Stocks in Play - VivoPower International PLC (Nasdaq: VVPR) Gains on Merger News

 

July 3, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on trading for EV stock VivoPower International PLC (Nasdaq: VVPR).

VivoPower is trading up today, one of the top percentage gainers on NASDAQ, trading at $2.2950, up 0.7950, gaining 53.17% on volume of over 49 Million shares. The stock had a day's high of $3.27.

VivoPower announced today that its electric vehicle subsidiary, Tembo e-LV B.V. , has agreed to a one month extension of its exclusive heads of agreement with Nasdaq listed Cactus Acquisition Corporation I (Nasdaq: CCTS, CCTSW, CCTSU, "CCTS") to 31 July, 2024.

The extension is intended to provide additional time to finalise the definitive business combination agreement relating to the proposed transaction as well as the independent fairness opinion.

Tembo continues to negotiate with Cactus to conclude the definitive business combination agreement.

VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. The Company's core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

Tembo electric utility vehicles (EUVs) are the premier 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles that meet exacting standards of safety, reliability, and quality. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally, helping perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and activate the circular economy. Tembo is a subsidiary of the Nasdaq listed B Corporation, VivoPower International PLC

Recent News:
https://finance.yahoo.com/news/vivopower-tembo-confirms-heads-agreement-132900966.html

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