VivoPower Confirms Record Date for Special Dividend Eligibility for Caret Digital Spin Off

Core Points - VivoPower International PLC is spinning off its subsidiary Caret Digital via a direct NASDAQ IPO with a target market capitalization of US$308 million [1][2] - Shareholders of VivoPower as of July 9, 2025, will receive a special dividend of five shares of Caret Digital for each share of VivoPower held [1][3] - Caret Digital is negotiating with strategic pre-IPO investors in the Middle East and Asia to raise up to US$50 million to support its growth plans [2] Company Overview - VivoPower is transforming into a digital asset enterprise focused on XRP, aiming to manage and hold XRP digital assets as part of a diversified digital treasury strategy [6] - The company operates globally with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [7] - Caret Digital's strategy includes developing renewable power infrastructure and mining cryptocurrencies like DOGE, which are converted to BTC or XRP [5]