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Tembo, a subsidiary of VivoPower, has secured a strategic investment from Energi Holdings at a valuation of $200 million.
[XRP Treasury Company VivoPower's subsidiary Tembo secures strategic investment from Energi Holdings at a valuation of $200 million] The Nasdaq-listed XRP Treasury Company VivoPower International announced that it has reached an agreement with Energi Holdings Limited, which will invest in its subsidiary Tembo at a valuation of $200 million through a PIPE investment. Upon completion of the transaction, Energi Holdings will acquire a 51% stake in the company, and the related transaction is still subject to review by the SEC.