VivoPower’s Caret Digital Secures CAD$140m Definitive Binding Investment Commitment from Global Alternative Investment Group, GEM Global Yield LLC SCS

Core Viewpoint - VivoPower International PLC has secured a CAD$140 million (approximately US$100 million) investment commitment from GEM Global Yield LLC SCS to support its subsidiary Caret Digital's Power-to-X strategy, which includes the mining of DOGE coin and the development of AI-enabled data centers [1][2]. Group 1: Investment Details - The investment is structured as a share subscription facility and is contingent upon Caret Digital's listing on a Canadian stock exchange [1]. - GEM's shareholding in VivoPower will be capped at 9.9%, ensuring that the investment is non-dilutive for existing VivoPower shareholders [1]. - The funds will be allocated to Caret Digital's initiatives, including the first phase focused on data center infrastructure for DOGE coin mining and the second phase aimed at AI-enabled data centers [1][5]. Group 2: Corporate Actions - VivoPower shareholders approved a spin-off of Caret Digital and a special dividend during the Annual General Meeting in December 2023 [3]. - Further updates regarding the spin-off process and its implications for VivoPower and its stakeholders will be provided [3]. Group 3: Company Background - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions company focused on electric solutions and decarbonization [4]. - Caret Digital, a wholly owned subsidiary of VivoPower, is developing renewable power infrastructure integrated with high energy consumption use cases [5]. Group 4: GEM Overview - GEM Global Emerging Markets is a $3.4 billion alternative investment group with a focus on emerging markets and has completed over 580 transactions across 70 countries [6].