VivoPower Confirmed That Its Subsidiary Tembo E-LV Has Now Met All Of The Milestones Required To Obtain The Full Strategic Direct Equity Investment Into Tembo, At A Pre-money Valuation Of $120M And Received Initial Tranche Of Funds
Portfolio Pulse from Benzinga Newsdesk
VivoPower announced that its subsidiary, Tembo E-LV, has achieved all milestones necessary for a full strategic direct equity investment at a pre-money valuation of $120M, and has received the initial tranche of funds.
April 10, 2024 | 11:24 am
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VivoPower's subsidiary, Tembo E-LV, has successfully met all required milestones for a significant strategic equity investment, positively impacting VivoPower's financial and strategic position.
The successful achievement of milestones by Tembo E-LV and the receipt of the initial tranche of funds from the strategic equity investment at a substantial pre-money valuation of $120M directly impacts VivoPower's financial health and strategic growth prospects. This development is likely to be viewed positively by investors, potentially leading to an increase in VivoPower's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90