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 ...

Core Insights - VivoPower has launched a partnership with Flare to implement an XRP-centric treasury strategy, marking a significant step in institutional treasury management using the XRP ecosystem [1][2][3] - The partnership aims to generate yield on VivoPower's digital assets, starting with an initial phase of US$100 million, establishing a regenerative financial model [1][3][4] - The collaboration is backed by notable global shareholders, including Prince Abdulaziz bin Turki bin Talal Al Saud, indicating strong institutional confidence in XRP's long-term role [1][11][12] Company Strategy - VivoPower's strategy focuses on creating a "virtuous cycle" by generating yield and reinvesting it to increase its core XRP holdings, thereby enhancing shareholder value [1][4][12] - The adoption of Ripple's RLUSD stablecoin is a key component of this strategy, providing stability and compliance for the treasury [4][8] - The selection of XRP as the core reserve asset is based on its regulatory clarity and efficiency, making it suitable for a public company's treasury [7][8] Flare Ecosystem - The partnership validates Flare's FAssets system as a programmable utility layer for the XRP ecosystem, enabling institutions to utilize XRP in decentralized finance (DeFi) applications [3][5][9] - Flare's infrastructure, including the yield-generating Firelight protocol, is ready for institutional engagement, demonstrated by the recent launch of the USDT0 stablecoin, which attracted over US$90 million in Total Value Locked (TVL) [10][12] - Flare is positioned as a foundational utility layer for institutional blockchain adoption, connecting decentralized systems with real-world utility [17] Institutional Adoption - VivoPower's commitment represents a crucial institutional validation of the Flare ecosystem, establishing the first major treasury management use case [2][10] - The partnership is seen as an invitation for other institutions to leverage the new utility layer created by Flare, focusing on sustainably generated yield and regulatory clarity [5][9] - The strategic transformation of VivoPower is guided by experienced leadership from Ripple, enhancing its capability to engage with institutional partners [12]

Group 1 - VivoPower International PLC has set an ex-dividend date of June 12, 2025, for potential future dividend distributions related to Tembo transactions [2][3] - Shareholders holding VivoPower shares as of the close of business on June 12, 2025, will be eligible for any potential special dividend distributions [3] - Further details regarding the potential special dividend distributions, including amount and ratio, will be provided when appropriate, with no guarantee of distribution [4] Group 2 - Tembo specializes in electric utility vehicles (EUVs) that are 100% electric, targeting ruggedized and customized applications across various industries such as mining, agriculture, and defense [5] - Tembo aims to provide safe and reliable electrification solutions for utility vehicle fleet owners, focusing on cost reduction, asset return maximization, and meeting ESG goals [5] - VivoPower is undergoing a strategic transformation into a digital asset enterprise focused on XRP, aiming to support decentralized finance infrastructure and real-world blockchain applications [6][7]

Group 1 - Energi Holdings Limited proposes to acquire 51% of Tembo at a total enterprise value of US$200 million, with both parties agreeing to negotiate binding transaction documents for an early closing [1][3] - Energi, headquartered in Abu Dhabi, has annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - VivoPower's board is evaluating the optimal use of investment proceeds, which may include special dividends or capital returns to shareholders [4] Group 2 - VivoPower is undergoing a strategic transformation to focus on XRP digital assets, aiming to support decentralized finance infrastructure and real-world blockchain applications [5] - VivoPower operates globally with a presence in the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and has two business units: Tembo and Caret Digital [6]

Core Insights - VivoPower has announced a strategic partnership with BitGo to develop a digital asset treasury strategy focused on XRP [1][3] - VivoPower has successfully raised US$121 million, with plans to use US$100 million for the acquisition of XRP tokens [1][2] - The partnership will allow VivoPower to utilize BitGo's OTC trading desk and custody platform for trading and holding its digital assets [2][3] Company Overview - VivoPower International PLC is transitioning into an XRP-focused digital asset enterprise, aiming to manage and hold XRP as part of a diversified digital treasury strategy [6] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [7] - VivoPower has two business units: Tembo, which focuses on electric solutions, and Caret Digital, which is centered on renewable power applications including digital asset mining [7] BitGo Overview - BitGo is a leading provider of digital asset solutions, offering services such as custody, wallets, trading, and settlement from regulated cold storage [5] - The company serves thousands of institutions and is recognized as the largest independent digital asset custodian and staking provider globally [5] - BitGo's OTC trading desk provides access to deep liquidity pools and facilitates discreet execution of high-volume trades in a secure environment [3][5]

Company Overview - VivoPower International PLC is transforming into the world's first XRP-focused digital asset enterprise, focusing on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy [2] - The company operates globally, with a presence in the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as an award-winning global sustainable energy solutions B Corporation [3] Business Units - VivoPower has two main business units: Tembo and Caret Digital. Tembo focuses on electric solutions for customized fleet applications and ancillary services such as financing, charging, battery, and microgrids [3] - Caret Digital is dedicated to maximizing the use cases for renewable power, including digital asset mining [3] Recent Developments - VivoPower announced a US$121 million private placement priced at US$6.05 per share, which is above the last market closing price, as part of its new strategic direction [1]

Core Points - VivoPower International PLC has received a revised non-binding proposal from Energi Holdings Limited for a strategic acquisition of a 51% controlling stake in its subsidiary, Tembo e-LV B.V., with an enterprise valuation of US$200 million for 100% of Tembo [1][2] - Energi's proposal supports Tembo's planned business combination with Cactus Acquisition Corp. 1 Limited, with an equity valuation of US$838 million [1][3] - VivoPower is committed to optimizing its capital structure, with proceeds from strategic transactions prioritized for debt retirement and potential returns to shareholders [4] Company Overview - VivoPower is undergoing a strategic transformation into an XRP-focused digital asset enterprise, aiming to manage and hold XRP digital assets as part of a diversified digital treasury strategy [7] - The company operates globally, with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [8] - Tembo specializes in battery-electric and off-road vehicle solutions for various industrial sectors, including mining, agriculture, and defense [9][10]

Core Viewpoint - VivoPower International PLC is executing a capital raise to establish itself as the first publicly listed company with an XRP-focused digital asset treasury strategy, aiming to accumulate XRP and contribute to the XRPL ecosystem [1][4][11] Group 1: Capital Raise Details - VivoPower has agreed to a private capital raise priced at US$6.05 per share, totaling approximately US$121 million from the sale of 20,000,000 ordinary shares [2][3] - The capital raise is led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, with participation from other prominent investors in the digital asset industry [3][5] - Funds raised will primarily be used for accumulating XRP, establishing treasury operations, debt reduction, and general corporate purposes [7][11] Group 2: Strategic Objectives - The company aims to build out its XRP-focused treasury operations and contribute to the XRPL decentralized finance ecosystem [4][11] - VivoPower is also focused on spinning out its current operating subsidiaries, Tembo and Caret Digital, with expected closures before the end of Q3 2025 [7][12] - The company is engaging with Energi Holdings Limited regarding a takeover proposal, with a focus on redirecting towards Tembo [7] Group 3: Leadership and Advisory - Adam Traidman, former Ripple board member, has joined VivoPower's Board of Advisors as Chairman, reflecting institutional confidence in the XRPL ecosystem [5][6] - Kevin Chin, Executive Chairman of VivoPower, emphasizes the shared vision among stakeholders for scaling the XRP-focused treasury model [5][6]

Group 1 - The first phase of due diligence for the non-binding proportional takeover of VivoPower by Energi has been successfully completed, with an enterprise value of US$180 million [1][2] - Energi, a global energy solutions company based in Abu Dhabi, reported annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - The second phase of due diligence will involve a more detailed review of regulatory, legal, and technical matters, expected to conclude by June 2, 2025 [3] Group 2 - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications and ancillary services [4] - The company's core mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in various countries including Australia, Canada, the UK, the US, and the UAE [4]

Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, has secured an inaugural order for EV conversion kits from The Safari Collection, a luxury safari company in Kenya [1][3] - The Safari Collection emphasizes sustainability and innovation in its operations, aiming to electrify its vehicle fleet to enhance eco-tourism while preserving Kenya's natural beauty [3][4] - Tembo's electric utility vehicles are designed for rugged applications, providing a safe and reliable electrification solution for various industries, including safari operations [5] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, including electric solutions for customized fleet applications [4] - The Safari Collection, founded in 2009 by conservationists Tanya and Mikey Carr-Hartley, operates a portfolio of luxury camps and lodges in Kenya, prioritizing sustainable practices and community empowerment [2][7] - Tembo specializes in electric utility vehicles for ruggedized applications, aiming to support fleet owners in achieving ESG goals and enhancing operational efficiency [5]