CCTS /
Tembo
Tembo and CCTS extend merger exclusivity period




What happened
Tembo has agreed to extend its exclusive heads of agreement with Cactus Acquisition Corporation I, known as CCTS, through July 31, 2024. The filing describes the merger as US$838M.
Tembo makes electric utility vehicles for rugged and customised fleet applications.
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Tembo and CCTS extend merger exclusivity period
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