VivoPower drops planned Tembo special dividend as SPAC deal review continues

VivoPower has withdrawn its previously planned special dividend for Tembo and scrapped the partial spin-off of Caret Digital. The company is shifting strategy to scale its AI data center business while continuing the SPAC deal review with Cactus Acquisition Corp. 1 for Tembo, which will become Tembo Group (TEMB). Instead of a partial spin-off, VivoPower now plans a full pro rata in-specie distribution of Caret Digital shares, subject to final approvals and market conditions.

VivoPower shifted strategy toward scaling its AI data center business, reshaping plans to separate Tembo and Caret Digital. * Tembo’s proposed combination with Cactus Acquisition Corp. 1 remains in progress; the post-deal company is expected to be Tembo Group, ticker TEMB. * Previously outlined Tembo-related special dividend and record-date plans were withdrawn, with terms now expected to follow the business combination documentation. * Plans for a partial Caret Digital spin-off dividend were scrapped in favor of a full pro rata in-specie distribution of Caret Digital shares. * Caret Digital separation remains subject to final terms, approvals, listing arrangements, market conditions, and customary closing steps. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VivoPower plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-032197), on July 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

VivoPower shifted strategy toward scaling its AI data center business, reshaping plans to separate Tembo and Caret Digital. * Tembo’s proposed combination with Cactus Acquisition Corp. 1 remains in progress; the post-deal company is expected to be Tembo Group, ticker TEMB. * Previously outlined Tembo-related special dividend and record-date plans were withdrawn, with terms now expected to follow the business combination documentation. * Plans for a partial Caret Digital spin-off dividend were scrapped in favor of a full pro rata in-specie distribution of Caret Digital shares. * Caret Digital separation remains subject to final terms, approvals, listing arrangements, market conditions, and customary closing steps. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VivoPower plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-032197), on July 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here