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VVPR - VivoPower gets $2.5M investment for its Tembo unit
VivoPower International PLC
2023-06-28 10:12:31 ET
VivoPower's ( NASDAQ: VVPR ) Tembo unit secured an investment from an affiliate backed by a member of Dubai's Al Maktoum family, the company said Wednesday.
The company said Tembo has got an investment of $2.5 million with an option to receive up to $10 million, under certain conditions.
VivoPower said it will continue to retain its majority stake in Tembo.