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VivoPower Secures $30 Million PIPE at $6.80 Conversion Price to Accelerate Sovereign AI Data Center Platform
Globenewswire· 2026-02-12 13:35
Core Insights - VivoPower International PLC has successfully completed a $30 million strategic private investment in public equity (PIPE) to enhance its position in the AI infrastructure sector [1][3] - The investment is structured as convertible preference shares with a conversion price of $6.80 per share and a 6% annual PIK coupon, reflecting long-term alignment with the company's Sovereign AI strategy [3] Investment Details - The PIPE investment includes participation from notable investors such as Blue Sky Capital and sovereign family offices from the GCC region, indicating strong interest from leading technology and infrastructure investors [2][3] - Proceeds from the investment will primarily be used to scale VivoPower's high-performance AI data center portfolio and for general working capital purposes [3] Company Overview - VivoPower, founded in 2014 and listed on Nasdaq since 2016, is a B Corporation focused on developing and operating sustainable data center infrastructure for sovereign nations [5] - The company's mission is to ensure sovereign control over power, data, and national intelligence, helping nations bridge the gap between energy assets and AI ambitions [5]