EL7.AI
StocksMedium•26 March 2026•
1 min read

Nasdaq Approves 'TEMB' Ticker for Tembo Listing at $838M Valuation

Key Facts

1VivoPower received Nasdaq approval for the ticker symbol 'TEMB' for the planned listing of Tembo e-LV.
2The listing targets a valuation of $838 million for Tembo through a business combination with Cactus Acquisition Corp. I (CCTS).
3The ticker approval marks a key regulatory milestone for the completion of the business combination.

VivoPower International PLC has secured approval from Nasdaq for the ticker symbol 'TEMB' regarding the planned public listing of its subsidiary, Tembo e-LV. The listing is part of a strategic business combination that targets an enterprise valuation of approximately $838 million for Tembo. This transaction involves a merger with Cactus Acquisition Corp. I (CCTS), a special purpose acquisition company. The ticker approval represents a critical regulatory milestone in the formal process of completing the merger. By spinning off Tembo as a separate public entity, VivoPower aims to unlock shareholder value and secure funding for its electric vehicle operations. This move highlights the ongoing progress in VivoPower’s efforts to scale its clean energy and mobility solutions.