Core Viewpoint - VivoPower International PLC has successfully complied with Nasdaq Listing Rule 5550(b)(1) after raising US$60.5 million in gross proceeds from a private placement, thus meeting the minimum stockholders' equity requirement of US$2.5 million [1][2]. Group 1: Compliance and Financial Status - On January 3, 2025, VivoPower received a notification from Nasdaq indicating non-compliance with the stockholders' equity requirement [2]. - Following the completion of the first phase of a US$121 million private placement, VivoPower has now satisfied the stockholders' equity requirement [2]. - Nasdaq will continue to monitor VivoPower's compliance, and failure to meet the requirement in the next periodic report could lead to potential delisting [3]. Group 2: Company Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets [4]. - The new direction aims to support decentralized finance (DeFi) infrastructure and real-world blockchain applications, contributing to the growth of the XRP Ledger [4]. Group 3: Company Overview - 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 [5]. - The company has two business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].

Core Viewpoint - VivoPower International PLC has regained compliance with Nasdaq Listing Rule 5550(b)(1) with a pro forma stockholders' equity of approximately US$20 million as of May 31, 2025, following a successful private placement [1][5]. Financial Compliance - On January 3, 2025, VivoPower received a notification from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of US$2.5 million, reporting a deficit of US$40.5 million for the fiscal year ended June 30, 2024 [2]. - Nasdaq granted an extension until July 2, 2025, for VivoPower to demonstrate compliance with the equity requirement [3]. Private Placement Details - VivoPower announced a US$121 million private placement priced at US$6.05 per share, led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud, with a binding close of the first phase yielding gross proceeds of US$60.5 million confirmed on June 20, 2025 [4][5]. Strategic Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets as part of a diversified digital treasury strategy [7]. - The company aims to support decentralized finance (DeFi) infrastructure and real-world blockchain applications through this new direction [7]. Company Background - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [8]. - Tembo specializes in electric solutions for customized fleet applications, while Caret Digital focuses on renewable power use cases, including digital asset mining [8].

Core Insights - Spirit Blockchain Capital Inc. has appointed Don Stewart, CFA, as an Independent Board Member, enhancing its governance and strategic execution [1][2] - Mr. Stewart's extensive experience in capital markets, regulatory compliance, and financial innovation is expected to bolster investor trust and transparency within the company [2][3] - The appointment aligns with Spirit's long-term vision of establishing a compliant, investor-focused digital asset institution [6] Company Overview - Spirit Blockchain Capital Inc. is a publicly listed company focused on bridging traditional finance and digital assets through tokenization and regulated investment strategies [7] - The company operates under a multi-jurisdictional structure, emphasizing regulatory alignment in Switzerland, Canada, and globally [7] - Spirit provides capital markets access, token structuring, and digital asset management solutions to institutional and accredited investors [7] Leadership and Governance - Don Stewart's background includes serving as a Member of Parliament and leading the Market Surveillance team at the Canadian Investment Regulatory Organization [3][4] - His role on the Board's Compensation Committee and Business Development Committee will directly influence Spirit's shareholder alignment and capital strategy [5] - The CEO of Spirit Blockchain, Lewis Bateman, highlighted Stewart's appointment as a significant advancement for the Board and shareholders [4]

Core Insights - DeFi Technologies Inc. has launched four new SEK-denominated exchange traded products (ETPs) through its subsidiary Valour, expanding its presence in the Nordic market and enhancing access to digital assets for investors [1][7][9] - The newly listed ETPs include Valour Mantra (OM), Valour Tron (TRX), Valour Stellar (XLM), and Valour Tether Gold (XAUt), catering to both traditional and next-generation blockchain applications [2][3][4][5][9] - Valour aims to reach a total of 100 ETPs by the end of 2025, having surpassed 70 ETPs with these new listings [7][9] Company Overview - DeFi Technologies Inc. operates as a financial technology company that bridges traditional capital markets with decentralized finance (DeFi), offering diversified exposure to digital assets through regulated ETPs [10] - Valour, a subsidiary of DeFi Technologies, focuses on issuing ETPs that provide secure access to digital assets for retail and institutional investors [11] Product Details - Valour Mantra (OM) ETP focuses on real-world asset tokenization and compliant DeFi infrastructure, addressing institutional interest in tokenized financial products [2] - Valour Tron (TRX) ETP is based on a high-performance blockchain known for its low fees and strong presence in DeFi applications [3] - Valour Stellar (XLM) ETP is optimized for global payments and remittances, making it suitable for cross-border financial infrastructure [4] - Valour Tether Gold (XAUt) ETP offers exposure to tokenized gold, appealing to investors seeking a hedge against inflation [5] Management Fees - The management fee for Valour Mantra (OM), Valour Tron (TRX), and Valour Stellar (XLM) ETPs is set at 1.9%, while Tether Gold (XAUt) features a lower fee of 0.45% [6]

Core Insights - Virtune has completed its monthly rebalancing for the Virtune Crypto Top 10 Index ETP, which is listed on Nasdaq Stockholm in both SEK and EUR denominations [1] - The rebalancing aims to ensure that the ETP reflects current market conditions and absorbs volatility in the crypto market [4] Product Portfolio - Virtune's product offerings include various ETPs such as Virtune Bitcoin ETP, Virtune Stellar ETP, and Virtune Crypto Altcoin Index ETP among others [2] - The Virtune Crypto Top 10 Index ETP includes up to 10 leading crypto assets based on market capitalization, with a maximum weight of 40% per asset to promote diversification [5] Index Allocation Changes - As of May 30, the index allocation before rebalancing was: Bitcoin 37.93%, Ethereum 33.67%, Ripple 13.66%, Solana 8.94%, Cardano 2.66%, Chainlink 1.01%, Avalanche 0.97%, Litecoin 0.73%, Uniswap 0.44% [2] - After rebalancing, the new allocation is: Bitcoin 40.00%, Ethereum 30.56%, XRP 14.00%, Solana 8.83%, Cardano 2.63%, Chainlink 1.04%, Avalanche 0.95%, Stellar 0.90%, Litecoin 0.73%, Uniswap 0.37% [3] Performance Metrics - The Virtune Crypto Top 10 Index ETP achieved a performance of +14.58% for May [3] - Notable performances in May included Ethereum with +41.1%, Uniswap +15%, Bitcoin +11.1%, Solana +6.11%, and Litecoin +4.29% [4][5] Company Overview - Virtune is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges [7] - The company aims to empower global investors with innovative investment products aligned with the evolving crypto market landscape [7]

Group 1 - VivoPower International PLC has set an ex-dividend date of June 12, 2025, for potential future dividend distributions related to Tembo transactions [2][3] - Shareholders holding VivoPower shares as of the close of business on June 12, 2025, will be eligible for any potential special dividend distributions [3] - Further details regarding the potential special dividend distributions, including amount and ratio, will be provided when appropriate, with no guarantee of distribution [4] Group 2 - Tembo specializes in electric utility vehicles (EUVs) that are 100% electric, targeting ruggedized and customized applications across various industries such as mining, agriculture, and defense [5] - Tembo aims to provide safe and reliable electrification solutions for utility vehicle fleet owners, focusing on cost reduction, asset return maximization, and meeting ESG goals [5] - VivoPower is undergoing a strategic transformation into a digital asset enterprise focused on XRP, aiming to support decentralized finance infrastructure and real-world blockchain applications [6][7]

Core Insights - imT-oken wallet has launched a new feature aimed at providing more convenient and efficient digital asset management services for over 10 million users across more than 150 countries [1][3] Feature Enhancements - The most notable new feature is the optimized multi-chain asset management interface, allowing users to intuitively view and manage various cryptocurrencies including BTC, ETH, BSC, TRON, as well as emerging blockchain assets like Aptos, Polygon, and Solana [3] - The new interface also supports the collection, receipt, and sale of NFTs, covering ERC721 and ERC1155 standards, catering to the diverse needs of digital asset enthusiasts [3] Security Improvements - imT-oken wallet has enhanced security features through deep integration with imKey Pro hardware wallet, enabling offline signing to significantly reduce the risk of private key theft and provide more reliable asset security [3] - This initiative reflects the company's strong commitment to user asset security [3] User Experience - Users have reported that the new interface is more fluid and asset management has become easier following the update [3] - The update is expected to inject new vitality into the digital asset sector and further solidify imT-oken's leading position in the industry [3]

Core Insights - CoinShares International Limited has launched seven new physically-backed crypto Exchange Traded Products (ETPs) on its Swedish XBT Provider Platform, expanding its offerings in the digital asset space [1][2]. Company Overview - CoinShares is a leading global investment company specializing in digital assets, with over $6 billion in assets under management (AUM) [1]. - The company was founded in 2013 and is headquartered in Jersey, with additional offices in France, Stockholm, the UK, and the US [4]. Product Details - The new ETPs are all denominated and traded in Swedish Krona (SEK) and listed on Nasdaq Stockholm [2]. - The seven new products include: - CoinShares XBT Litecoin: Management Fees 1.50% p.a., Not a proof of stake crypto - CoinShares XBT Chainlink: Management Fees 1.50% p.a., Not a proof of stake crypto - CoinShares XBT Polkadot: Management Fees reduced to 0.00% p.a., Staking Reward 5.0% p.a. - CoinShares XBT Solana: Management Fees reduced to 0.00% p.a., Staking Reward 3.0% p.a. - CoinShares XBT Cardano: Management Fees reduced to 0.00% p.a., Staking Reward 2.0% p.a. - CoinShares XBT XRP: Management Fees 1.50% p.a., Not a proof of stake crypto - CoinShares XBT Uniswap: Management Fees 1.50% p.a., Not a proof of stake crypto [2]. Market Positioning - The expansion of the XBT Provider platform aims to bridge the adoption gap in the Swedish market compared to other European markets, providing institutional-grade investment vehicles [3]. - The demand for ETPs is growing, and the introduction of these products is seen as a significant step in meeting that demand within the Swedish financial ecosystem [3].

Core Points - Virtune announces a change of index provider for its existing ETPs to MarketVector Indexes, effective May 12, 2025 [1][2] - The change includes the new roles of index administrator, index calculation agent, and reference price provider being assigned to MarketVector [2] - The methodology for the indexes will remain unchanged, ensuring no impact on investors [3] Company Information - Virtune is a regulated Swedish digital asset manager based in Stockholm, focusing on crypto exchange-traded products on European exchanges [4][6] - The company emphasizes regulatory compliance and strategic collaborations to empower global investors [4][6] MarketVector Overview - MarketVector Indexes is a regulated benchmark administrator in Europe, registered in Germany and approved by BaFin [7] - The firm manages approximately USD 50 billion in assets and is known for its thematic indexes and digital asset indexes [7]

Core Insights - Virtune has completed its monthly rebalancing for the Virtune Crypto Top 10 Index ETP, which is listed on Nasdaq Stockholm in both SEK and EUR denominations [1][2] - The index aims to reflect current market conditions and manage volatility in the crypto market through monthly rebalancing [2] Index Allocation - The index allocation before rebalancing as of April 30 showed Bitcoin at 42.70%, Ethereum at 26.23%, and XRP at 15.95% among others [1] - After rebalancing, Bitcoin's allocation decreased to 40.00%, while Ethereum increased to 27.19%, and XRP rose to 16.24% [1] Performance Overview - In April, the crypto market experienced a strong rebound, with Solana leading at +18.6%, followed by Bitcoin at +14.2% and Avalanche at +11.4% [3][4] - Ethereum saw a decline of -1.45%, and Uniswap was the weakest performer with a drop of -11.6% [3][4] Product Offering - Virtune's product portfolio includes various ETPs such as Bitcoin, Stellar, Staked Ethereum, and others, with a focus on providing diversified exposure to leading crypto assets [1][4] - The Virtune Crypto Top 10 Index ETP is the first of its kind in the Nordic region, allowing investors to gain broad exposure to the crypto market [4] Company Background - Virtune is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on European exchanges, emphasizing regulatory compliance and strategic collaborations [6]