VivoPower announces strategic merger heads of agreement with FAST at a pro-forma combined equity value of US$1.13bn
VivoPower International PLC - Ordinary Shares (VVPR)
US:NASDAQ Investor Relations:
vivopower.com/shareholders
Company Research
Source: GlobeNewswire
Proposed all stock merger values VivoPower equity at US$556 million (implying a share price of US$101 per VVPR share) with FAST equity valued at US$578 million VivoPower expected to issue 5.72 million restricted shares at US$101 per VivoPower share as consideration for FAST VivoPower shareholders expected to own 49% of the pro forma combined group, with affiliates and insiders agreeing to a voluntary lock up upon closing of the transaction Post-proposed merger, VivoPower will have an estimated 11.2 million fully diluted shares, with an estimated free float of 3.3 million shares (excluding any other issues) FAST is a Canadian headquartered hydrogen technology company pioneering advanced gas power to hydrogen power conversions and next-gen hydrogen vehicles; it has office and factory locations in Canada and Japan Heads of agreement is non-binding but provides for an exclusivity period of 90 days for the parties to reach a definitive agreement P
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News
- (UPDATED) VIVOPOWER AND FUTURE AUTOMOTIVE SOLUTIONS TECHNOLOGIES (FAST) PROFORMA $1.13BN MERGED ENTITY TO BE UK HEADQUARTERED TO QUALIFY FOR $21BN GOVERNMENT CLEAN ENERGY INVESTMENT PROGRAMSGlobeNewswire
- VivoPower and Future Automotive Solutions and Technologies (FAST) Pro Forma US$1.13bn merged entity to be headquartered in the UK in an effort to qualify for $21bn government clean energy investment programmes [Yahoo! Finance]Yahoo! Finance
- VivoPower and Future Automotive Solutions and Technologies (FAST) Pro Forma US$1.13bn merged entity to be headquartered in the UK in an effort to qualify for $21bn government clean energy investment programmesGlobeNewswire
- UK's VivoPower to combine with Canadian hydrogen technology firm in $1.13 billion deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- VivoPower, Future Automotive Solutions to merge in $1.13B deal [Seeking Alpha]Seeking Alpha
VVPR
Sec Filings
- 9/26/24 - Form 424B3
- 9/26/24 - Form 6-K/A
- 9/25/24 - Form 424B3
- VVPR's page on the SEC website