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Cactus Acquisition Corp. 1 (CCTS) Inks $838M LOI to Combine with Tembo

Cactus Acquisition Corp. 1 (CCTS) Inks $838M LOI to Combine with Tembo

Cactus Acquisition Corp. 1 (NASDAQ:CCTS) has signed a binding heads of agreement to exclusively negotiate to combine with EV maker Tembo in a deal currently giving the firm an $838 million equity valuation. A “binding heads of agreement” is a more common phrase in the UK, where Tembo and its parent company VivoPower (NASDAQ:VVPR) are
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