VivoPower Announces XRP-Focused Digital Asset Treasury Strategy and US$121 Million Private Placement Priced at US$6.05 Per Share, Above Last Market Closing Price Under NASDAQ Rules

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]