VivoPower(VVPR)
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VivoPower’s Tembo to Accept Ripple USD (RLUSD) Stablecoin for Payments
Globenewswire· 2025-09-08 12:50
Tembo operates globally across markets, including Southeast Asia, Africa, and the Middle East RLUSD is the fast-growing stablecoin established by Ripple Labs RLUSD stablecoin enables near-instant low-cost international funds transfers LONDON, Sept. 08, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (the "Company") announced today that its electric vehicle subsidiary, Tembo e-LV (“Tembo”), is accepting payments from customers and partners in RLUSD, the stablecoin established by Ripple L ...
VivoPower Partners with Doppler Finance for Institutional XRP and RLUSD Yield Programs: Maximizing Returns on Crypto Treasury Strategy
GlobeNewswire News Room· 2025-09-02 10:00
Core Insights - VivoPower International PLC has entered a partnership with Doppler Finance to deploy an initial US$30 million of XRP, aiming to unlock institutional-grade yield opportunities for its XRP holdings [1][3] - The yield strategy is designed as a regenerative loop, where yields earned on deployed XRP will be reinvested back into VivoPower's reserves, creating compounding long-term value for shareholders [2][4] - South Korea is a strategically important market for VivoPower, holding US$30 billion of XRP, which represents 20% of the global circulating supply [1][3] Company Overview - VivoPower is a sustainability-driven enterprise focused on digital treasury transformation, acquiring and managing XRP digital assets as part of a diversified digital treasury strategy [4][5] - The company operates globally, with a presence in regions including the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower 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] Partnership Details - The partnership with Doppler Finance is expected to enhance VivoPower's digital asset treasury and decentralized finance solutions strategy in South Korea [3][6] - Doppler Finance provides a yield generation protocol built on the XRP Ledger, combining regulated custody and audited reserves to ensure safety and scalability [6] - The collaboration aims to support the growth of the XRP ecosystem in South Korea, particularly in payment remittances, real-world asset tokenization, and DeFi lending [3][4]
VivoPower to Present at XRP Seoul 2025 in South Korea
Globenewswire· 2025-08-29 13:15
Core Insights - VivoPower International PLC has been invited to present at XRP Seoul 2025, a significant event in the XRP and Web3 space, scheduled for September 21, 2025 [1][3] - South Korea is a crucial market for VivoPower, with South Koreans holding an estimated $29 billion of XRP, representing 25% of the circulating supply [2][4] - The XRP Seoul 2025 conference is expected to attract over 3,000 attendees and 100 companies from 40 countries, focusing on the XRP ecosystem and industry trends [3] Company Overview - VivoPower is transforming into an XRP-focused digital asset enterprise, aiming to acquire, manage, and hold XRP digital assets as part of a diversified digital treasury strategy [4] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower 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 Expands Partnership with Crypto.com with Shareholder Benefits Program
Globenewswire· 2025-08-28 12:45
Core Insights - VivoPower International PLC has expanded its partnership with Crypto.com to launch a shareholder benefits program, allowing shareholders to receive a $100 bonus in XRP tokens upon signing up as new users [1][2] - The initiative builds on a custody partnership first announced on August 12, 2025, indicating a strategic shift towards digital assets [1][3] Company Overview - VivoPower is transitioning into an XRP-focused digital asset enterprise, aiming to acquire, manage, and hold XRP digital assets as part of a diversified digital treasury strategy [3] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as a sustainable energy solutions B Corporation [4] Business Units - VivoPower has two main business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is dedicated to renewable power use cases, including digital asset mining [4]
VivoPower’s Tembo e-LV Subsidiary on Track for $200 Million Enterprise Value Investment from Energi Holdings via SPAC Transaction
Globenewswire· 2025-08-18 12:20
Core Viewpoint - Energi Holdings Limited will acquire a 51% stake in Tembo e-LV B.V. from VivoPower International PLC, enabling Tembo to proceed with its SPAC merger at an equity valuation of $838 million [1][2]. Group 1: Investment Details - The total enterprise valuation for 100% of Tembo is set at $200 million, with the equity purchase price for the 51% stake adjusted for Tembo's net debt and customary adjustments at closing [2]. - The investment is contingent upon the completion of Tembo's business combination agreement with Cactus Acquisition Corp 1 Limited and customary closing conditions [2]. Group 2: Corporate Structure and Strategy - VivoPower has initiated the recruitment of a dedicated board of directors for Tembo in preparation for its public listing [3]. - VivoPower is undergoing a strategic transformation to focus on XRP and digital assets, aiming to support decentralized finance infrastructure and blockchain applications [4]. Group 3: Company and Subsidiary Overview - VivoPower operates globally with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [5]. - Tembo specializes in battery-electric and off-road vehicle solutions for various industrial sectors, including mining and agriculture, providing electrification solutions for utility vehicle fleet owners [6].
VivoPower's Tembo e-LV Subsidiary on Track for $200 Million Enterprise Value Investment from Energi Holdings via SPAC Transaction
GlobeNewswire News Room· 2025-08-18 12:20
Core Viewpoint - Energi Holdings Limited will acquire a 51% stake in Tembo e-LV B.V. from VivoPower International PLC, enabling Tembo to proceed with its business combination with Cactus Acquisition Corp 1 Limited at an equity valuation of $838 million [1][2] Group 1: Investment Details - The total enterprise valuation for 100% of Tembo is set at $200 million, with the equity purchase price for the 51% stake adjusted for Tembo's net debt and customary adjustments at closing [2] - The investment is contingent upon the completion of Tembo's business combination agreement with Cactus Acquisition Corp 1 Limited and customary closing conditions [2] Group 2: Corporate Structure and Strategy - VivoPower has initiated the recruitment of a dedicated board of directors for Tembo in preparation for its public listing [3] - VivoPower is undergoing a strategic transformation to focus on XRP and digital assets, aiming to support decentralized finance infrastructure and real-world blockchain applications [4] Group 3: Company and Subsidiary Overview - VivoPower International PLC operates globally with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [5] - Tembo specializes in battery-electric and off-road vehicle solutions for various industrial sectors, including mining, agriculture, and defense [6]
VivoPower Selects Crypto.com as a Partner to Support Digital Asset Treasury Strategy
Globenewswire· 2025-08-12 12:30
Core Insights - Crypto.com has partnered with VivoPower International PLC to provide custodial support for VivoPower's digital asset treasury and mining strategies, enhancing its digital asset management capabilities [3][6] - VivoPower's shares will be available for trading on Crypto.com's platform, allowing access to its 150 million users, which is expected to improve liquidity for both VivoPower and its digital assets [5][6] Group 1: Partnership Details - VivoPower has selected Crypto.com as a strategic partner for custodial services, focusing on expanding its digital asset treasury holdings and mining strategy [3][4] - Crypto.com Custody will offer an end-to-end solution for eligible institutions and high-net-worth clients, emphasizing safety and security [4][6] Group 2: Market Impact - The partnership will facilitate easier trading of VivoPower's shares for both retail and institutional investors through a secure digital platform [5][6] - Shareholders will benefit from enhanced liquidity for XRP and other digital assets, along with access to upcoming XRP restaking via Flare [5][6] Group 3: Company Background - Crypto.com, founded in 2016, serves over 150 million customers and is recognized for its regulatory compliance and security [7] - VivoPower is transforming into an XRP-focused digital asset enterprise, aiming to support decentralized finance and blockchain applications [8][9]
VivoPower to Procure Underlying 211 million XRP Position Worth $696 million Through Budgeted Initial $100 million Acquisition of Ripple Shares
Globenewswire· 2025-08-11 12:45
Core Insights - VivoPower International PLC is acquiring Ripple Labs shares as part of a strategic enhancement to its XRP-focused digital asset treasury strategy [1][3] - The acquisition will make VivoPower the first and only U.S.-listed company providing exposure to Ripple shares and XRP tokens [1][3] - VivoPower plans to purchase an initial $100 million of Ripple shares, translating to an underlying exposure of 211 million XRP tokens valued at approximately $696 million [1][6] Acquisition Details - VivoPower has budgeted $100 million for the acquisition of Ripple shares, which is subject to final approval from Ripple's executive management [1][4] - The estimated value accretion for VivoPower shareholders is approximately $5.15 per share for every $10 million of Ripple shares acquired [3][5] - The acquisition is expected to allow VivoPower to buy XRP tokens at an implied price of $0.47 per token, representing an 86% discount compared to the market price [6] Ripple's Position - Ripple holds 41 billion XRP tokens, valued at $135 billion at current prices, and has a number of operating businesses including RLUSD, a stablecoin [2][6] - The network is mildly deflationary due to approximately 14 million XRP tokens being burnt to date [2] - Ripple's business units include a digital asset prime broker, Hidden Road, and the recently acquired stablecoin payment platform, Rail [2][13] Strategic Rationale - The acquisition aligns with VivoPower's objective of building a sustainable long-term treasury model, optimizing yield maximization while minimizing costs [5][8] - VivoPower will have full legal title of the Ripple shares purchased and will be recorded directly on Ripple's cap table [4] - An independent auditor will conduct quarterly reviews of VivoPower's Ripple shareholdings to ensure transparency [4][7] Digital Asset Infrastructure - VivoPower has engaged leading digital asset custodians and private market securities infrastructure providers, including BitGo and Nasdaq Private Market, to support its treasury strategy [7] - The partnership with Nasdaq Private Market, LLC is significant as it is Ripple's preferred partner for transacting shares [7] Company Overview - VivoPower is transforming into an XRP-focused digital asset enterprise, aiming to contribute to the growth and utility of the XRP Ledger [8][9] - The company operates globally with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [9]
VivoPower To Purchase Initial US$100 Million of Ripple Shares, Effectively Buying XRP at an Implied US$0.47 Per Token
Globenewswire· 2025-08-08 13:30
Core Insights - VivoPower International PLC is acquiring shares of Ripple Labs, aiming to enhance its XRP-focused digital asset treasury strategy [1][3] - This acquisition positions VivoPower as the first and only U.S.-listed company providing exposure to Ripple shares and XRP tokens [1][3] - The company plans to purchase an initial US$100 million of privately held Ripple shares, subject to final approval from Ripple's management [1][4] Acquisition Details - VivoPower's acquisition strategy is expected to yield an estimated US$5.15 of value per share for every US$10 million of Ripple shares acquired [1][3] - The acquisition is based on a weighted average valuation of approximately US$19 billion for Ripple, representing an 86% discount to Ripple's US$135 billion holding of XRP tokens [6] - This implies an effective purchase price of US$0.47 per XRP token for VivoPower [6] Business Strategy - VivoPower aims to build a sustainable long-term treasury model that maximizes yield while minimizing the acquisition cost of XRP [5] - The company will hold a full and direct legal title of the Ripple shares purchased and will be recorded as a shareholder on Ripple's cap table [4] - VivoPower's strategy includes acquiring both Ripple shares and XRP tokens to optimize its portfolio [5] Ripple's Business Overview - Ripple holds 41 billion XRP tokens, primarily in escrow, and has a number of operating businesses including RLUSD, a stablecoin, and Hidden Road, a digital asset prime broker [2][6] - The company has recently expanded its stablecoin business and partnered with BNY Mellon [6] - Ripple's diverse business units also include digital asset custodians and a recently acquired stablecoin payment platform [2][6] Operational Support - VivoPower has engaged leading digital asset custodians and private market securities infrastructure providers to support its treasury strategy [7] - The company will undergo quarterly reviews of its Ripple shareholdings by an independent auditor [4] Company Background - VivoPower is transforming into an XRP-focused digital asset enterprise, aiming to contribute to the growth and utility of the XRP Ledger [8] - The company operates globally and has a focus on sustainable energy solutions, with business units in electric solutions and digital asset mining [9]
VivoPower Receives NASDAQ Notification Regarding Commencement of Options Trading
Globenewswire· 2025-07-24 13:15
Core Insights - VivoPower International PLC is the first publicly listed company with a treasury strategy focused on accumulating and holding XRP [1][4] - Nasdaq Options Market will begin listing standardized options on VivoPower's stock, effective July 25, 2025, due to increased interest from institutional and retail investors [2][3] Company Overview - VivoPower is undergoing a strategic transformation to become a digital asset enterprise focused on XRP, aiming to support decentralized finance and blockchain applications [4] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower has two business units: Tembo, which focuses on electric solutions for fleet applications, and Caret Digital, which is involved in renewable power and digital asset mining [5] Options Trading Details - The options trading on VivoPower will include various standard expiration dates and strike prices, enhancing trading efficiency and liquidity [2][3] - Options will be listed under the ticker symbol VVPR on the Nasdaq Options Market [3]