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VivoPower Commences $29 Million Shareholder Loan Financing Retirement Plan
Globenewswire· 2025-07-07 19:45
Core Viewpoint - VivoPower International PLC has initiated a shareholder debt principal reduction plan, with the first repayment made to AWN Holdings Limited, indicating institutional support for the company's growth objectives [1][3]. Group 1: Debt Reduction Plan - The independent directors of VivoPower approved the commencement of a debt principal reduction plan aimed at retiring the AWN shareholder loan, which had an unaudited balance of $28.8 million as of June 30, 2025 [2][3]. - The company’s objective is to fully retire the AWN shareholder loan, reflecting a long-term commitment to strengthening its balance sheet and optimizing its capital structure [3]. Group 2: 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 [4]. - This new direction aims to support decentralized finance infrastructure and real-world blockchain applications, contributing to the growth and utility 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 customized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].
Top Win International (Nasdaq: SORA) Launches Voluntary Tender Offer for Thai Listed Company
Globenewswire· 2025-07-07 13:35
Group 1 - Top Win International Limited, through its subsidiary AsiaStrategy, intends to make a tender offer for the securities of DV8 Public Company Limited, a company listed on The Stock Exchange of Thailand [1][2] - AsiaStrategy plans to acquire up to 152,842,577 ordinary shares, representing 11.58% of DV8's total issued and paid-up share capital, at an offer price of THB 0.56 per share and THB 0.01 per warrant [2] - The offer period is expected to close on August 20, 2025, and is subject to acceptance by DV8's security holders [2] Group 2 - The transaction is supported by a coalition of Bitcoin visionaries and strategic investors, marking a significant moment for Thailand's capital markets [3] - This alliance includes leaders from Bitcoin treasury companies across multiple stock exchanges and institutional investors from various regions [3] Group 3 - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and is expanding into the Web3 ecosystem to focus on digital assets [4] - The company has been operational since 2001 and is headquartered in Wan Chai, Hong Kong [4]
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].
X @Bloomberg
Bloomberg· 2025-07-01 10:26
Digital Asset Strategy - Deutsche Bank plans to launch its digital assets custody service next year [1] - Deutsche Bank enlists Bitpanda's technology unit to help build the digital assets custody offering [1]
Mercurity Fintech Officially Joins Russell 2000 Index
GlobeNewswire· 2025-06-30 13:00
Inclusion took effect after market close on June 27, strengthening institutional investor access and market visibility New York, NY, June 30, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the "Company," "we," "us," "our company," or "MFH") (Nasdaq: MFH), a digital fintech group, today announced that it has officially joined the Russell 2000® Index, effective after the U.S. market close on June 27. The inclusion follows MFH's addition to the preliminary reconstitution list announced on May 23, 202 ...
VivoPower Believes It Meets Nasdaq Equity Requirement Following Reg S Investment
Globenewswire· 2025-06-26 19:55
Company believes it has regained compliance with pro forma net equity of approximately US$20 million as of May 31, 2025 US$121 million Reg S investment round led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud Including binding close of first-phase private placement totalling US$60.5 million in gross proceeds LONDON, June 26, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) is pleased to announce that, based on a binding close of the first ...
Shareholders that lost money on Bitfarms Ltd.(BITF) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-06-19 13:00
NEW YORK, June 19, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Bitfarms Ltd. (NASDAQ: BITF).Shareholders who purchased shares of BITF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/bitfarms-ltd-loss-submission-form/?id=153514&from=4CLASS PERIOD: March 21, 2023 to December ...
The Gross Law Firm Reminds Bitfarms Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 - BITF
Prnewswire· 2025-06-16 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Bitfarms Ltd. regarding a class action lawsuit due to alleged misleading financial statements and internal control deficiencies [1][2]. Group 1: Allegations Against Bitfarms Ltd. - The complaint alleges that Bitfarms maintained deficient internal controls over financial reporting [1]. - It is claimed that the company incorrectly categorized proceeds from the sale of digital assets as cash flow from operating activities instead of investing activities [1]. - The company allegedly overstated its ability to remediate material weaknesses in its internal controls related to the classification of the 2021 Warrants [1]. - These errors reportedly caused Bitfarms to misstate various items in previously issued financial statements, which may need to be restated [1]. - As a result, the company's public statements were materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - The class period for the lawsuit is from March 21, 2023, to December 9, 2024 [1]. - Shareholders are encouraged to register for the class action by July 8, 2025, to participate in potential recovery [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
VivoPower Sets Record Date for Special Dividend Distributions Relating to Tembo Transactions
Globenewswire· 2025-06-09 14:03
Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions Corresponding record date will be 13 June 2025 LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. (“Tembo”). Sha ...
Siebert Financial Announces $100 Million Shelf Registration to Invest in Digital Assets, AI Technologies, and Potential Strategic Acquisitions
Globenewswire· 2025-06-09 12:30
Core Viewpoint - Siebert Financial Corp. has received SEC approval for its shelf registration statement, allowing the company to raise up to $100 million through various securities sales, enhancing its financial flexibility and strategic initiatives [1][2]. Group 1: Financial Strategy - The proceeds from the registration will be utilized for strategic initiatives, including potential acquisitions, purchasing digital assets like Bitcoin, Ethereum, and Solana, and advancing technology across service lines, particularly in AI [2][3]. - The CEO emphasized that this registration is a foundational step towards scaling the company's technology strategy, enabling decisive action in key areas such as AI and digital assets [3]. Group 2: Company Background - Siebert Financial Corp. is a diversified financial services company, a member of the NYSE since 1967, and was founded by Muriel Siebert, the first woman to own a seat on the NYSE [4]. - The company operates through various subsidiaries, providing a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [5].