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Agape ATP (ATPC) Stock Surged 65% After-Hours: What's Happening? - Agape ATP (NASDAQ:ATPC)
Benzinga· 2026-01-15 05:02
Core Viewpoint - Agape ATP Corp. (NASDAQ:ATPC) experienced a significant after-hours stock price increase of 64.86% to $0.12, following a regular session close at $0.07, which was a 6.06% increase [1] Group 1: Company Overview - Agape ATP Corporation is an investment holding company based in Malaysia, focusing on health and wellness products and sustainable energy solutions [3] - The company has a market capitalization of $3.30 million, with shares trading between a 52-week high of $2.57 and a 52-week low of $0.05 [3] Group 2: Stock Performance and Volatility - Over the past 12 months, the company's stock has declined by 94.81%, indicating significant challenges and a deeply negative long-term trend despite short-term opportunities [4] - The stock is currently trading at 0.79% of its 52-week range, suggesting weak market sentiment and the need for monitoring potential reversals or further declines [4] Group 3: Management Statements - In a December statement, management indicated no awareness of any material undisclosed corporate developments that could explain the stock's fluctuations [2] - The founder and Global Group CEO, How Kok Choong, emphasized the company's focus on diversifying into health and wellness and sustainable green energy to enhance sustainable equity performance value [2]
VivoPower Appoints Rachel Pether, Sovereign Wealth Fund Expert, to Global Advisory Council
Globenewswire· 2026-01-08 13:32
Core Insights - VivoPower has appointed Rachel Pether to its Global Advisory Council, enhancing its presence in the Middle East, a key growth area for the company's Sovereign AI digital infrastructure and electric mobility platforms [1][3][4] Company Overview - VivoPower International PLC is a B Corp-certified global sustainable energy solutions group, founded in 2014 and listed on Nasdaq since 2016, with operations across multiple regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - The company has three main business units: Tembo, Caret Digital, and Vivo Federation, focusing on electric solutions, renewable power applications, and digital asset technology respectively [5] Strategic Importance - Rachel Pether's extensive network within the sovereign wealth fund and institutional investment communities is expected to bolster VivoPower's institutional engagement and capital formation strategies [3][4] - The appointment is seen as a strategic move to strengthen VivoPower's access to key investors in the Middle East, which is crucial for the company's growth in its Sovereign AI digital infrastructure and electric mobility sectors [3][4]
Encore Announces Commencement of Fleet Emissions Engagement with Greenfoot Energy Solutions
Globenewswire· 2025-12-23 15:58
Core Insights - Encore Technologies Corp. has initiated a commercial engagement with Greenfoot Energy Solutions to track and measure fleet operational data for monetizing emission reductions [1][2][4] Group 1: Engagement Details - The collaboration aims to define the scope, data architecture, and operating framework for consistent tracking of fleet activity, fuel utilization reductions, and emissions reductions [2][3] - The focus is on establishing a scalable approach to capture vehicle-level data and realize economic value from energy savings as efficiency improves [3][5] Group 2: Company Profiles - Encore Technologies Corp. specializes in building and investing in technology ventures that enhance intelligent infrastructure and data-driven operations, utilizing automation and real-time analytics [7] - Greenfoot Energy Solutions, founded in 2014, provides integrated home comfort and sustainable energy solutions, with a commitment to reducing energy costs and carbon footprints [8][9]
VivoPower to Originate 450 Million Underlying XRP Tokens Worth an Estimated $900 Million for Lean Ventures Through Targeted Ripple Labs Share Purchase
Globenewswire· 2025-12-15 13:40
Core Insights - VivoPower's digital asset unit, Vivo Federation, is engaged in a joint venture with Lean Ventures to originate $300 million worth of Ripple Labs shares, translating to approximately 450 million XRP tokens valued at around $900 million [1][2] Group 1: Joint Venture Details - Lean Ventures, a licensed South Korean asset manager, will establish a dedicated investment vehicle to acquire and hold the initial $300 million of Ripple Labs shares sourced by Vivo Federation [3] - Vivo Federation is expected to earn management fees and performance carry, targeting a net economic return of approximately $75 million over three years based on the initial assets under management [2] Group 2: Company Overview - VivoPower, founded in 2014 and listed on Nasdaq since 2016, operates globally with a focus on sustainable energy solutions and has three business units: Tembo, Caret Digital, and Vivo Federation [3] - Tembo specializes in electric solutions for customized fleet applications, while Caret Digital focuses on renewable power use cases, including digital asset mining [3] - Vivo Federation is dedicated to XRPL-based blockchain applications and maintaining exposure to Ripple Labs shares and XRP tokens [3]
Agape ATP Corporation Issues Statement on Recent Market Activity and Reaffirms Strategic Outlook
Accessnewswire· 2025-12-12 09:10
Core Viewpoint - Agape ATP Corporation (ATPC) addresses recent stock price volatility, confirming stable business operations and no known adverse conditions affecting performance [1][2]. Company Operations - The company continues to operate normally and is not aware of any undisclosed corporate developments that could explain stock price fluctuations [1]. - ATPC is committed to transparency and will communicate material developments through timely disclosures and regulatory filings [2]. Business Focus - ATPC is focused on diversifying its business in health and wellness products and sustainable green energy to enhance sustainable equity performance for investors [2]. - The company specializes in health and wellness products and energy-saving solutions, aiming to improve quality of life and promote sustainable development [3].
VivoPower Shares Rally 14% After Announcing $19 Million Equity Raise To Boost XRP Treasury — Stock Sees Slight Pullback Pre-Market - Vivopower Intl (NASDAQ:VVPR)
Benzinga· 2025-10-02 09:41
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]
VivoPower Strengthens Balance Sheet, Further Reduces Debt by US$7.5 Million
Globenewswire· 2025-07-22 12:30
Core Insights - VivoPower has negotiated with selected lenders and suppliers to exchange outstanding debts for ordinary shares, resulting in a reduction of liabilities by an aggregate of US$7.5 million [1][2] - Directors have opted to receive shares instead of cash for certain fees, with some shares subject to lock-up conditions [2] - The company aims to fully retire its debts, including a shareholder loan of US$28.8 million as of June 30, 2025, with a retirement program already initiated [3] Financial Strategy - The initiatives reflect VivoPower's commitment to strengthening its balance sheet and optimizing its capital structure to support transformational growth strategies [4] - The execution of these financial strategies is contingent upon approval from independent directors and sufficient liquidity [4] Business 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 [5] - The company aims to support decentralized finance infrastructure and real-world blockchain applications through this new direction [5] Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across multiple regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [6] - The company has two business units: Tembo, which focuses on electric solutions for fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [6]
CHAR Technologies Announces $8 Million BMI Group Investment in Thorold Renewable Energy Facility and the Signing of the Strategic Partnership Definitive Agreements
Globenewswire· 2025-07-10 12:00
Core Viewpoint - CHAR Technologies Ltd. has secured an $8 million equity investment from The BMI Group for the Thorold Renewable Energy Facility, establishing a 50/50 ownership structure between the two companies [1][3]. Funding Arrangement - The funding arrangement includes definitive transaction agreements such as a limited partnership agreement and contribution agreements, with CHAR Tech contributing construction progress, technology licenses, and engineering services [2]. - BMI's $8 million investment will be disbursed in monthly tranches to ensure positive cash flow for the Thorold Project, with all contributions expected to be completed by December 31, 2025 [3]. Project Phases - Phase 1 of the Thorold Project aims to enable commercial biocarbon production, with funding commitments now in place, targeting operational readiness by Q4 2025 [3]. - Phase 2 will focus on Renewable Natural Gas (RNG) production, leveraging Phase 1 equity to pursue non-recourse debt financing, with a goal to secure a debt package by Q4 2025 and target commissioning by Q3 2026 [7]. Strategic Partnerships and Investments - BMI has attracted over $200 million in direct investment to its Niagara projects, which have collectively drawn over $2 billion in additional investment since 2023 [4]. - Previous investments in CHAR Tech include a $12.8 million combined funding from Canadian and Ontario governments in 2022 and a $6.6 million strategic equity investment from ArcelorMittal's XCarb Innovation Fund in 2023 [6]. Leadership Insights - CHAR Tech's CEO expressed excitement about the project timeline and the potential for further renewable energy developments, while BMI's CEO highlighted the biomass-to-energy value chain as a high-growth opportunity in Canada [9].
VivoPower Receives Nasdaq Letter Confirming it is in Compliance with Nasdaq Listing Standard
Globenewswire· 2025-07-01 19:50
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].
VivoPower Believes It Meets Nasdaq Equity Requirement Following Reg S Investment
Globenewswire· 2025-06-26 19:55
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].