11:15 AM EDT, 04/09/2025 (MT Newswires) -- VivoPower International ( VVPR ) said Wednesday it will remain listed on Nasdaq under a revised $180 million takeover proposal from Energi Holdings to acquire 80% of the company's freely traded shares.

Energi supports VivoPower's ( VVPR ) plans to spin off Tembo through a SPAC merger valued at $838 million, and Caret Digital's IPO with an implied market capitalization of $250 million.

The merger with Tembo and SPAC partner Cactus Acquisition is expected to close by Q2, VivoPower ( VVPR ) said.

VivoPower ( VVPR ) plans a direct listing for Caret Digital on Nasdaq or NYSE American, offering shareholders five Caret Digital shares per VivoPower ( VVPR ) share held.

Caret Digital's business model will initially focus on mining Dogecoin and converting it into Bitcoin at a discounted rate, VivoPower ( VVPR ) said.

Shares of VivoPower ( VVPR ) were down 1.4% in recent trading.

Price: 3.49, Change: -0.05, Percent Change: -1.41