VivoPower Shares Rally 14% After Announcing $19 Million Equity Raise To Boost XRP Treasury — Stock Sees Slight Pullback Pre-Market - Vivopower Intl (NASDAQ:VVPR)

Core Viewpoint - VivoPower International PLC has raised $19 million through an equity offering to support its XRP treasury strategy, which has led to a recent surge in its stock price followed by a minor pullback in trading. Group 1: Equity Raise and Stock Performance - VivoPower completed a $19 million equity raise through an additional common stock offering priced at $6.05 per share [2] - Following the equity raise, the stock experienced a 14% increase during regular trading but fell 0.78% in after-hours trading [2][5] - Year-to-date, VivoPower's stock has surged 285% [5] Group 2: Cryptocurrency Strategy - The company has pivoted to a cryptocurrency treasury strategy, focusing on the acquisition and long-term holding of XRP, the third-largest cryptocurrency by market capitalization [3] - VivoPower aims to support the growth of the XRP Ledger as part of its strategy [3] Group 3: Ripple Labs Acquisition - In August, VivoPower announced the acquisition of $100 million in privately held shares of Ripple Labs, making it the only U.S.-listed company to provide exposure to Ripple [4]