VivoPower Receives $200M Acquisition Proposal For Subsidiary

VivoPower International PLC (NASDAQ: VVPR), a diversified sustainable energy solutions company, has captured market attention with a dramatic rally in its stock price over the past week. This surge follows a flurry of transformative corporate developments, including a revised $200 million acquisition proposal for its Tembo e-LV subsidiary, a successful $121 million capital raise, and a bold foray into crypto asset management.

The most significant catalyst for the recent price action is the revised non-binding proposal from Energi Holdings Limited. Energi is now seeking a direct 51% controlling stake in Tembo e-LV, VivoPower’s electric light commercial vehicle subsidiary, at a $200 million enterprise valuation. This marks a pivot from Energi’s earlier approach, which targeted a broader acquisition of VivoPower shares. The new structure offers a more focused transaction, prioritizing Tembo’s value and growth prospects.

Crucially, Energi’s proposal includes support for Tembo’s planned SPAC merger with Cactus Acquisition Corp 1 Limited, slated at an ambitious $838 million equity valuation. This alignment signals confidence in Tembo’s standalone potential and underscores VivoPower’s ability to unlock value through strategic divestitures. Should the deal proceed, VivoPower intends to use the proceeds for debt reduction and potential shareholder returns, a move that could further bolster investor sentiment.

Energi Holdings is progressing with its due diligence, having completed Phase I and targeting a Phase II completion by June 2, 2025. The proposal remains non-binding and subject to multiple conditions, including satisfactory due diligence, negotiation of definitive agreements, and necessary board and shareholder approvals. Should the deal close, Energi envisions rolling its 51% Tembo stake into the combined SPAC entity, while VivoPower would retain a significant shareholding.

Concurrently, VivoPower has demonstrated its capital markets prowess by securing $121 million in a private raise. This injection of funds coincides with the company’s announcement of a new XRP-focused crypto treasury strategy, reportedly backed by Saudi investors. The digital asset initiative represents a major strategic shift, positioning VivoPower at the intersection of sustainable infrastructure and digital finance.