09:59 AM EDT, 03/21/2025 (MT Newswires) -- VivoPower International ( VVPR ) shares soared 76% in recent trading on Friday after the power infrastructure company's unit, Tembo E-LV, said it had completed a review of new rules governing special purpose acquisition company transactions, which is required to complete the business combination with Cactus Acquisition.

Tembo E-LV said the merger deal, which was announced in August, was originally scheduled to be completed by the end of last year, but was delayed due to the new rules.

Tembo E-LV said a registration statement will soon be filed on Form F-4 with the US Securities and Exchange Commission regarding the proposed merger, which it now expects to be completed by the end of Q2.

Price: 1.49, Change: +0.64, Percent Change: +75.73