VivoPower Closes First Phase of US$121 Million Private Placement

Core Viewpoint - VivoPower International PLC has successfully closed the first phase of a US$121 million investment round, raising US$60.5 million, led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud and a consortium of non-U.S. investors [1][2] Group 1: Investment Details - The first phase of the investment round is part of a larger strategy to support VivoPower's treasury and decentralized finance solutions, focusing on Ripple and XRP [2][5] - The remaining 50% of the investment is expected to close soon, pending shareholder approval to increase authorized share capital [2] Group 2: Company Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, emphasizing the acquisition and management of XRP digital assets [5] - The company aims to enhance the growth and utility of the XRP Ledger by supporting decentralized finance infrastructure and real-world blockchain applications [5] Group 3: Company Background - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [6] - VivoPower is recognized as a sustainable energy solutions B Corporation, with two main business units: Tembo, focusing on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [6]