VivoPower Pivots to AI Infrastructure as Spin-off Plans Evolve

The path forward for Tembo involves a previously disclosed business combination with Cactus Acquisition Corp. 1. Should the transaction close, the resulting entity will operate as Tembo Group N.V. and list on Nasdaq under the ticker TEMB. VivoPower intends to retain a minority interest in the new group. Notably, the company has scrapped its June 2025 plans for a special dividend, opting instead to defer to the final terms established within the impending merger documentation.

Simultaneously, the company is pursuing a complete separation of Caret Digital. The board intends to distribute all shares of the unit to existing shareholders on a pro rata basis, pending necessary regulatory approvals. Management cautioned that previous indicative dates and distribution ratios for this transaction are no longer valid, and final terms remain subject to change as the restructuring process progresses.