UK’s VivoPower to combine with Canadian hydrogen technology firm in $1,13 billion deal
The agreement values VivoPower’s equity at $556 million and FAST at $578 million, and allows the companies an exclusive period of 90 days to reach a definitive agreement,
A key condition for the deal is the completion of a $904 million merger between VivoPower’s unit, Tembo E-LV, and blank check firm Cactus Acquisition (CCTS.O), opens new tab,
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UK’s VivoPower to combine with Canadian hydrogen technology firm in $1,13 billion deal, source