VivoPower Closes Additional $19 Million Equity Raise Priced at $6.05 Per Share, a Premium to Market

Core Insights - VivoPower International PLC has successfully closed an equity raising, issuing additional common shares at $6.05 per share, totaling approximately $19 million [1][2][4] Group 1: Equity Raising - The recent equity raise is in addition to a previously announced Regulation S offering led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud [1][2] - The proceeds from this equity raise will be utilized to scale up the company's digital asset treasury strategy and to retire existing debt [1] Group 2: Company Overview - VivoPower is a sustainability-driven enterprise focused on a digital treasury transformation, particularly in acquiring and managing XRP digital assets [4][5] - The company operates globally, with a presence in regions including the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower has two main business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is centered on renewable power use cases, including digital asset mining [5]