VVPR - Why VivoPower Stock Is Charging Up | Benzinga
VivoPower International PLC (NASDAQ:VVPR) shares are trading higher Wednesday after the company announced its electric vehicle subsidiary, Tembo e-LV B.V., has agreed to a one month extension of its exclusive heads of agreement with Cactus Acquisition Corporation I (NASDAQ:CCTS).
The Details:
VivoPower said the extension is intended to provide additional time to finalize 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.
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VivoPower also announced it has completed the sale of one of its non-core business units, Kenshaw Electrical, to ARA Group Limited on Tuesday.
VivoPower shares are moving on heavy trading volume Wednesday. According to data from ...