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VivoPower International PLC Announces Intent to Spin-Off of Caret Digital via a Direct Listing on Nasdaq and Dividend Share Distribution
GlobeNewswire· 2025-03-20 13:25
Core Viewpoint - VivoPower plans to spin off its subsidiary Caret Digital through a direct listing on Nasdaq, allowing shareholders to receive dividend shares and focusing on cryptocurrency mining, particularly Dogecoin [1][2][3][4]. Group 1: Spin-off Details - VivoPower shareholders will receive five shares of Caret Digital for each VivoPower share held, with an implied market capitalization of $250 million, subject to market conditions [3]. - The decision for a direct listing instead of a reverse merger is based on cost efficiency and a simpler process for distributing shares to shareholders [2]. Group 2: Caret Digital's Strategy - Caret Digital will focus on mining Dogecoin and converting it to Bitcoin to optimize returns, leveraging current DOGE mining economics [4]. - The company plans to raise $10 million from strategic investors to support its growth plans [3]. Group 3: Company Background - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions and aims to provide turnkey decarbonization solutions [7]. - Caret Digital is a wholly owned subsidiary of VivoPower, developing renewable power infrastructure integrated with high energy consumption use cases, starting with DOGE mining [8].
VivoPower's Tembo Signs Definitive Heads of Agreement with East Africa's Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)
Newsfilter· 2025-03-18 13:25
Core Points - VivoPower's subsidiary, Tembo e-LV, has signed a 5-year agreement with Associated Vehicle Assemblers Ltd. (AVA) to convert 200 vehicles in the first year and 1,600 over five years [1][3] - The agreement allows AVA to distribute and locally assemble Tembo's 100% electric utility vehicle (EUV) solutions across East Africa, targeting sectors such as mining, agriculture, and government [3][4] - The partnership aims to support Kenya's transition to sustainable transportation and create local jobs [4] Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [6] - Tembo specializes in 100% electric utility vehicles designed for rugged and customized applications across various industries [8] - AVA is East Africa's leading vehicle assembler, known for its commitment to quality and sustainability, and has the capacity to assemble 30,000 vehicles annually [9]
VivoPower's Tembo Signs Definitive Heads of Agreement with East Africa’s Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)
GlobeNewswire· 2025-03-18 13:25
Core Points - VivoPower's subsidiary, Tembo e-LV, has signed a 5-year agreement with Associated Vehicle Assemblers Ltd. (AVA) to convert 200 vehicles in the first year and 1,600 over five years [1] - The agreement covers East African nations including Kenya and Tanzania, which have a combined population exceeding 500 million [2][3] - AVA will distribute and locally assemble Tembo's 100% electric utility vehicle (EUV) solutions for various sectors, enhancing local maintenance and support capabilities [3][4] - The partnership aims to support Kenya's transition to sustainable transportation and create value and jobs in local economies [4] - Demand for electric vehicles is accelerating in East Africa, driven by both government and private sector interest [5] - Tembo's strategy to reduce costs while maintaining quality has led to increased interest in their next-generation EUV25 electric conversion kits [5] - VivoPower aims to build partnerships with established leaders in their markets to deliver electrification solutions [5] Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [6] - Tembo provides 100% electric utility vehicles for ruggedized applications across various industries, aiming to support fleet owners in achieving ESG goals [7] - AVA is East Africa's leading vehicle assembler, known for producing high-quality vehicles tailored to regional needs and committed to sustainability [8]
VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION (UPDATED)
GlobeNewswire· 2025-03-10 13:25
Group 1 - VivoPower International has announced the extension of its Stock Buyback Program, now set to expire on June 30, 2026, allowing for the purchase of up to US$5 million of its outstanding ordinary shares [1][2] - The Stock Buyback Program will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs [2] - The company has not repurchased any shares under the Stock Buyback Program to date [1] Group 2 - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [3] - The company's core purpose is to provide turnkey decarbonisation solutions to help customers achieve net-zero carbon status [3] - VivoPower operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [3]
VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION
Newsfilter· 2025-03-07 20:30
Core Points - VivoPower International has announced the commencement of a Stock Buyback Program, allowing the company to purchase up to US$5 million of its outstanding ordinary shares, with an updated expiration date of April 3, 2026 [1][2] - The funding for the Stock Buyback Program is expected to come from surplus cash receipts and proceeds from business and asset divestitures [2] - VivoPower is a global sustainable energy solutions company focused on electric solutions for customized fleet applications, with operations in multiple countries including Australia, Canada, the UK, and the US [3]
VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa
GlobeNewswire News Room· 2025-02-10 20:30
Core Insights - The partnership between VivoPower's subsidiary Tembo and Asilia Africa aims to electrify Asilia's fleet of Landcruisers, starting with the delivery of EUV25 EPower conversion kits in February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - This collaboration is focused on promoting sustainable tourism in Africa, with plans to scale across Asilia's 16 camps and broader industry networks, thereby reducing diesel consumption and carbon emissions [1][5] - Both companies are committed to environmental stewardship and social responsibility, as evidenced by their status as Certified B Corporations [4][6] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, specializes in sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, operates 16 bespoke camps and lodges in East Africa, employing nearly 1,000 people and focusing on immersive safari experiences while safeguarding ecosystems [3][11][12] Environmental Impact - The initiative is expected to significantly reduce Asilia's reliance on diesel, contributing to its goal of achieving carbon neutrality by 2025 and enhancing the overall sustainability of its operations [5][7] - Tembo's electric utility vehicles are designed to operate in extreme conditions, eliminating emissions and noise pollution, thus supporting ecologically sensitive regions [5][9] Strategic Goals - The partnership aligns with VivoPower's mission to provide sustainable energy solutions that enhance operational resilience and reduce carbon footprints [5] - Asilia Africa aims to pioneer sustainable tourism solutions that protect ecosystems while enhancing guest experiences, reflecting a commitment to responsible tourism and community-driven impact [7][13]
VivoPower's Tembo signs Definitive Supply Agreement with pre-eminent African safari operator Asilia Africa
Newsfilter· 2025-02-10 20:30
Core Insights - VivoPower's subsidiary Tembo has entered a definitive supply agreement with Asilia Africa to provide EUV25 EPower conversion kits for Landcruisers, starting February 2025, marking a significant step towards decarbonizing the tourism sector in Africa [1][2] - The partnership aims to establish both companies as leaders in sustainable tourism, with a focus on reducing diesel consumption and carbon emissions across Asilia's 16 camps [1][5] - Tembo's electric utility vehicles will operate entirely on renewable energy, enhancing operational resilience and contributing to both companies' net-zero goals [1][5] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for ruggedized fleet applications [10] - Asilia Africa, founded in 2004, is a leader in immersive safari experiences in East Africa, operating 16 camps and employing nearly 1,000 people [3][12] - Both companies are Certified B Corporations, emphasizing their commitment to environmental stewardship and social responsibility [4][13] Partnership Details - The first phase of the agreement includes local assembly of the EUV25 EPower kits in Kenya, with the aim of replacing diesel-powered vehicles in ecologically sensitive areas [2][5] - The initiative is expected to significantly lower Asilia's carbon emissions and enhance the safari experience for guests while supporting local communities [7][5] - The collaboration reflects a shared commitment to responsible tourism and innovation, ensuring the preservation of Africa's ecosystems [6][7]
VivoPower's Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
Newsfilter· 2025-01-31 14:30
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin, Ripple, and Dogecoin, enhancing payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to improve the company's working capital cycle through instantaneous settlement [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in these assets [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, and the United States [4]
VivoPower’s Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
GlobeNewswire· 2025-01-31 14:30
Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) to enhance payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to shorten the company's working capital cycle due to instantaneous settlement capabilities [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in Bitcoin, XRP, and Dogecoin [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and related services [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the UK, and the UAE [4]
VivoPower(VVPR) - 2025 Q2 - Quarterly Report
2025-01-24 22:25
VIVOPOWER INTERNATIONAL PLC (Translation of registrant's name into English) The Scalpel, 18th Floor, 52 Lime Street London EC3M 7AF United Kingdom +44-203-667-5158 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 January 24, 2025 Commission File Number 001-37974 (Address of principal executive office) Indicate by check mark whether the registrant files or will file ann ...