VivoPower Advances US$308 Million Direct NASDAQ Spin-Off of Caret Digital

Core Viewpoint - VivoPower International PLC is planning to spin off its subsidiary Caret Digital through a direct NASDAQ IPO, targeting a market capitalization of US$308 million and seeking up to US$50 million from strategic investors in the Middle East and Asia [1][3]. Group 1: Spin-off and Market Capitalization - Caret Digital is set to be spun off with an implied market capitalization of US$308 million, which may vary based on market conditions [3]. - The company is negotiating with strategic pre-IPO investors for an investment of up to US$50 million to support its growth plans [1][3]. Group 2: Mining Strategy - Caret Digital's strategy focuses on digital asset mining, particularly DOGE, with the first phase nearing successful completion [2]. - The mined DOGE will be converted into XRP or BTC, allowing the company to optimize yield and returns based on current mining economics [2]. Group 3: Management and Operations - A dedicated management team is being assembled, led by Adam Traidman, who has experience in scaling digital asset mining operations [4]. - Renewable power sources have been identified for mining operations at a cost of less than 3 cents per watt [3]. Group 4: Shareholder Benefits - VivoPower shareholders as of a future record date will receive five shares of Caret Digital for each VivoPower share held [5].