VivoPower is refocusing entirely on AI data center infrastructure and revising its strategy for separating two non-core

VivoPower PLC, a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, announced on July 2, 2026 that its Board of Directors has determined the company will prioritize development and scale-up growth of its AI data center business as its principal strategic focus. The company is progressing the separation of its two non-core subsidiaries—Tembo e-LV B.V. and Caret Digital—in alignment with this strategic direction.

For Tembo, VivoPower entered into a Business Combination Agreement with Cactus Acquisition Corp. 1 Limited in August 2024. The resulting combined entity will be named Tembo Group N.V. and is expected to list on NASDAQ under the ticker symbol TEMB, subject to SEC review completion, shareholder approval, and other closing conditions. VivoPower will retain a minority shareholding in the combined entity. The company has discontinued all special dividend distribution arrangements and related record date arrangements previously announced on June 9, 2025, including all indicative parameters, distribution ratios, and timing expectations from those announcements.

Regarding Caret Digital, which operates legacy solar development and digital asset mining businesses, VivoPower has revised its previous strategy. Rather than the partial spin-off with VivoPower retaining a continuing shareholding that was contemplated in announcements dated June 24, 2025, the company now intends a clean and complete separation. Under the Proposed Separation, all of VivoPower's issued share capital in Caret Digital will be distributed in specie to shareholders on a pro rata basis. The company has discontinued the previous special dividend arrangements and all associated indicative parameters, including record dates and distribution ratios. Implementation of the Proposed Separation remains subject to Board approval of definitive terms, regulatory and stock exchange approvals, market conditions, and customary closing conditions, with no assurance given regarding final structure, timing, or terms.