Mar. 20 at 2:56 PM
$VIVO
Whatever happened to VivoPower VIVO proposed distribution of Tembo and Caret to it's shareholders?
📌 Bottom Line (What Actually Happened)
VivoPower never completed the Tembo or Caret distributions.
Even though the company repeatedly proposed a Tembo SPAC merger and a Caret Digital spin‑off — and even set up eligibility language — neither transaction ever closed, and no shares were distributed to VIVO shareholders.
🧩 What VivoPower Said Would Happen
1. Tembo (EV conversion subsidiary)
VivoPower announced in April 2025 that:
Tembo would merge with Cactus Acquisition Corp. 1 (CCTSF) via SPAC.
Target closing: Q2 2025.
Implied valuation:
$838M.
But:
No subsequent filing ever confirmed a completed SPAC merger.
No Form 8‑K, no closing announcement, no listing of Tembo as a public entity.
Without a completed transaction, no distribution could occur.
