VivoPower(VVPR)

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VivoPower Strengthens Balance Sheet, Further Reduces Debt by US$7.5 Million
Globenewswire· 2025-07-22 12:30
Selected lenders and suppliers have elected to take VivoPower ordinary shares in lieu of fiat currency Directors have also elected to receive VivoPower ordinary shares for certain board fees VivoPower is progressing ahead of schedule on its commitment to reduce and retire its debts LONDON, July 22, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) announced today that it has further reduced its liabilities by negotiating with selected lenders and suppliers ...
VivoPower Commences $29 Million Shareholder Loan Financing Retirement Plan
Globenewswire· 2025-07-07 19:45
Core Viewpoint - VivoPower International PLC has initiated a shareholder debt principal reduction plan, with the first repayment made to AWN Holdings Limited, indicating institutional support for the company's growth objectives [1][3]. Group 1: Debt Reduction Plan - The independent directors of VivoPower approved the commencement of a debt principal reduction plan aimed at retiring the AWN shareholder loan, which had an unaudited balance of $28.8 million as of June 30, 2025 [2][3]. - The company’s objective is to fully retire the AWN shareholder loan, reflecting a long-term commitment to strengthening its balance sheet and optimizing its capital structure [3]. Group 2: Strategic Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets [4]. - This new direction aims to support decentralized finance infrastructure and real-world blockchain applications, contributing to the growth and utility of the XRP Ledger [4]. Group 3: Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5]. - The company has two business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].
VivoPower Receives Nasdaq Letter Confirming it is in Compliance with Nasdaq Listing Standard
Globenewswire· 2025-07-01 19:50
Core Viewpoint - VivoPower International PLC has successfully complied with Nasdaq Listing Rule 5550(b)(1) after raising US$60.5 million in gross proceeds from a private placement, thus meeting the minimum stockholders' equity requirement of US$2.5 million [1][2]. Group 1: Compliance and Financial Status - On January 3, 2025, VivoPower received a notification from Nasdaq indicating non-compliance with the stockholders' equity requirement [2]. - Following the completion of the first phase of a US$121 million private placement, VivoPower has now satisfied the stockholders' equity requirement [2]. - Nasdaq will continue to monitor VivoPower's compliance, and failure to meet the requirement in the next periodic report could lead to potential delisting [3]. Group 2: Company Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets [4]. - The new direction aims to support decentralized finance (DeFi) infrastructure and real-world blockchain applications, contributing to the growth of the XRP Ledger [4]. Group 3: Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5]. - The company has two business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].
VivoPower Believes It Meets Nasdaq Equity Requirement Following Reg S Investment
Globenewswire· 2025-06-26 19:55
Company believes it has regained compliance with pro forma net equity of approximately US$20 million as of May 31, 2025 US$121 million Reg S investment round led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud Including binding close of first-phase private placement totalling US$60.5 million in gross proceeds LONDON, June 26, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) is pleased to announce that, based on a binding close of the first ...
VivoPower Confirms Record Date for Special Dividend Eligibility for Caret Digital Spin Off
Globenewswire· 2025-06-24 19:30
Core Points - VivoPower International PLC is spinning off its subsidiary Caret Digital via a direct NASDAQ IPO with a target market capitalization of US$308 million [1][2] - Shareholders of VivoPower as of July 9, 2025, will receive a special dividend of five shares of Caret Digital for each share of VivoPower held [1][3] - Caret Digital is negotiating with strategic pre-IPO investors in the Middle East and Asia to raise up to US$50 million to support its growth plans [2] Company Overview - VivoPower is transforming into a digital asset enterprise focused on XRP, aiming to manage and hold XRP digital assets as part of a diversified digital treasury strategy [6] - The company operates globally with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [7] - Caret Digital's strategy includes developing renewable power infrastructure and mining cryptocurrencies like DOGE, which are converted to BTC or XRP [5]
VivoPower Closes First Phase of US$121 Million Private Placement
Globenewswire· 2025-06-20 12:35
Core Viewpoint - VivoPower International PLC has successfully closed the first phase of a US$121 million investment round, raising US$60.5 million, led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud and a consortium of non-U.S. investors [1][2] Group 1: Investment Details - The first phase of the investment round is part of a larger strategy to support VivoPower's treasury and decentralized finance solutions, focusing on Ripple and XRP [2][5] - The remaining 50% of the investment is expected to close soon, pending shareholder approval to increase authorized share capital [2] Group 2: Company Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, emphasizing the acquisition and management of XRP digital assets [5] - The company aims to enhance the growth and utility of the XRP Ledger by supporting decentralized finance infrastructure and real-world blockchain applications [5] Group 3: Company Background - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [6] - VivoPower is recognized as a sustainable energy solutions B Corporation, with two main business units: Tembo, focusing on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [6]
VivoPower Advances US$308 Million Direct NASDAQ Spin-Off of Caret Digital
Prnewswire· 2025-06-16 11:00
Core Viewpoint - VivoPower International PLC is planning to spin off its subsidiary Caret Digital through a direct NASDAQ IPO, targeting a market capitalization of US$308 million and seeking up to US$50 million from strategic investors in the Middle East and Asia [1][3]. Group 1: Spin-off and Market Capitalization - Caret Digital is set to be spun off with an implied market capitalization of US$308 million, which may vary based on market conditions [3]. - The company is negotiating with strategic pre-IPO investors for an investment of up to US$50 million to support its growth plans [1][3]. Group 2: Mining Strategy - Caret Digital's strategy focuses on digital asset mining, particularly DOGE, with the first phase nearing successful completion [2]. - The mined DOGE will be converted into XRP or BTC, allowing the company to optimize yield and returns based on current mining economics [2]. Group 3: Management and Operations - A dedicated management team is being assembled, led by Adam Traidman, who has experience in scaling digital asset mining operations [4]. - Renewable power sources have been identified for mining operations at a cost of less than 3 cents per watt [3]. Group 4: Shareholder Benefits - VivoPower shareholders as of a future record date will receive five shares of Caret Digital for each VivoPower share held [5].
VivoPower Announces Key Leadership Recruits
Globenewswire· 2025-06-12 12:45
Suneet Wadhwa, ex Ripple Head of Investments, joins Board of Advisors David Mansfield, ex VinFast CFO, has joined as group CFO Keith Loose, ex Block.one blockchain and tech infrastructure leader, has joined as group CTO LONDON, June 12, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) is pleased to announce key executive leadership appointments, namely David Mansfield as Chief Financial Officer and Keith Loose as Chief Technology Officer. In addition, Sune ...
VivoPower and Flare Launch Definitive Strategic Partnership to Deploy US$100 Million in XRP for Institutional Yield
Globenewswire· 2025-06-11 12:45
Marks first major execution of VivoPower's new corporate strategy and significant validation of the XRP ecosystem's utility for institutional treasury management VivoPower is building a virtuous cycle—generating yield and using it to systematically increase its core XRP position, creating a perpetually compounding engine for shareholder value VivoPower’s strategic transformation to an XRP-centric treasury is supported by a consortium of global shareholders, including His Royal Highness Prince Abdulaziz bin ...
VivoPower Sets Record Date for Special Dividend Distributions Relating to Tembo Transactions
Globenewswire· 2025-06-09 14:03
Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions Corresponding record date will be 13 June 2025 LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. (“Tembo”). Sha ...