Nasdaq approved the reservation of the ticker symbol TEMB for Tembo Group N.V. on March 26, 2026, allowing the combined entity to list ordinary shares and warrants on the Nasdaq Global Market. The approval follows the merger of VivoPower’s subsidiary Tembo e‑LV B.V. with Cactus Acquisition Corporation I, which created Tembo Group N.V.
The approval is a regulatory milestone that signals the company’s compliance with Nasdaq listing requirements, including minimum bid price, publicly held shares, and shareholder base. Once the transaction closes, shares will trade under TEMB and warrants under TEMBW.
The ticker approval is part of a broader strategy to give Tembo Group access to public capital markets, supporting its expansion of electric utility vehicle production across mining, agriculture, and infrastructure sectors. For VivoPower, the separation is expected to unlock shareholder value while retaining a significant equity stake in the combined entity.
The pre‑money equity valuation of Tembo Group is approximately $838 million, and the transaction remains subject to SEC effectiveness, shareholder approval, and other closing conditions. No immediate market reaction has been reported following the approval, but the event is viewed as a positive step toward the company’s public listing.
The approval underscores the progress of the Tembo SPAC transaction, which has attracted strategic investment from the Emirates and positioned the company to scale its electric vehicle platform. The move also aligns with VivoPower’s rebranding to focus on AI data center infrastructure, reinforcing the complementary nature of the two businesses.
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