VivoPower shares are trading higher after the company announced its electric vehicle subsidiary, Tembo, has agreed to a one month extension of its exclusive heads of agreement with Cactus Acquisition Corporation I.
Portfolio Pulse from Benzinga Newsdesk
VivoPower shares are trading higher following the announcement that its electric vehicle subsidiary, Tembo, has extended its exclusive heads of agreement with Cactus Acquisition Corporation I by one month.
July 03, 2024 | 2:41 pm
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VivoPower shares are experiencing an uptick due to the extension of an exclusive agreement between its EV subsidiary, Tembo, and Cactus Acquisition Corporation I.
The extension of the exclusive agreement is seen as a positive development, indicating ongoing negotiations and potential future collaboration, which boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100