Vivopower International Plc Stock Price, News & Analysis

VivoPower International PLC (Nasdaq: VVPR) held its annual general meeting on December 30, 2024, where shareholders voted on six key resolutions. All resolutions received strong approval, with voting percentages ranging from 92% to 99%. The approved measures included: the receipt of accounts and reports for FY2024, the directors' remuneration report, the re-appointment of PKF Littlejohn LLP as auditors, authorization for the audit committee to determine auditor remuneration, the extension of William Langdon's term as Class A director until 2027, and authorization for the company to proceed with strategic mergers or divestments.

VivoPower International PLC (VVPR) has successfully filed its 2024 Annual Report on Form 20-F on December 19, 2024, following the completion of its independent audit for the year ended June 30, 2024. The filing remedies previous non-compliance with Nasdaq listing requirements, specifically Rule 5250(c)(1). The company attributed the delay in filing to significant strategic changes, including business unit divestitures.

VivoPower International PLC (VVPR) has successfully regained compliance with Nasdaq's Listing Rule 5550(a)(2) on December 10, 2024. The company received official notification from Nasdaq's Listing Qualifications Department confirming that its common stock maintained a minimum bid closing price of $1.00 per share or greater for 10 consecutive business days, meeting the exchange's minimum bid price requirement.

VivoPower International (NASDAQ: VVPR) announced that its subsidiary, Caret Digital, has secured an asset-backed financing facility to acquire up to 1,000 Antminer L9s for DOGE coin mining. The mining equipment, expected for delivery from December 2024, will have a total hash rate of approximately 17,000 GH/s. Based on current DOGE coin prices and power costs of 8c/watt, this initial fleet has the potential to generate annual revenues of up to US$25 million. The financing facility is non-dilutive to VivoPower shareholders.

VivoPower International (NASDAQ: VVPR) has announced its upcoming Annual General Meeting scheduled for December 30, 2024, at 1:00 p.m. London time, to be held at the company's London offices.

The AGM agenda includes key resolutions such as the presentation of annual accounts and reports, directors' remuneration report, auditor-related matters (re-appointment and remuneration), extension of William Langdon's directorship, and approval for potential mergers or divestments.

Shareholders will receive formal AGM notice, proxy forms, and dial-in details within the statutory notification period.

VivoPower International's subsidiary Tembo has announced the launch of its EUV25 EPower conversion kit for Landcruisers at Automechanika Dubai 2024, taking place from December 10-12 at the Dubai World Trade Centre. The kit is specifically designed for rugged off-road terrain and heavy payload conditions.

Tembo will collaborate with UAE-based ONE MOTO at the event, which is the largest automotive aftermarket show in the Middle East, Africa, and South Asia region. The show will feature over 2,200 exhibitors from 161 countries across 17 halls, with an estimated 60,000 attendees. The EUV25 builds on the Land Cruiser LC70's design, which is particularly popular in the UAE and GCC region for industries like oil exploration, agriculture, and logistics.

VivoPower announced that its subsidiary, Caret Digital, will begin Dogecoin mining operations in January 2025, utilizing renewable-powered facilities in Wisconsin and Oregon. The operation will deploy up to 1,000 Antminer L9s across both locations, with potential to generate annual revenues of up to US$25 million and cash EBITDA of up to US$12 million based on current Dogecoin prices.

The company plans to sell most mined Dogecoins rather than hold them, with free cashflow being reinvested into its Tembo e-LV business. Caret Digital is also developing a 55MW renewable-powered mining facility that could generate up to $150 million in annual revenue. A previously approved spin-off of Caret Digital and special dividend is in progress, with updates pending.

VivoPower International (NASDAQ: VVPR) has scheduled its 20-F annual results and strategic update presentation for Thursday, December 5, 2024, at 4:45 PM Eastern Time. The presentation will include significant strategic updates regarding Caret Digital's Dogecoin mining and spin-off, the Tembo merger, and other key developments. Participants can access dial-in details and webcast information through VivoPower's website. A replay will be available for one year after the presentation.

VivoPower International PLC (NASDAQ: VVPR) has announced it will file its 20-F Annual Report by November 29, 2024, meeting NASDAQ compliance requirements. The filing delay was attributed to significant strategic changes, including the sale of Aevitas critical power businesses and the Tembo business combination agreement with Cactus Acquisition Corp. 1 The company's management has also been focused on completing Tembo e-LV B.V.'s audited accounts for the Form F-4 Registration Statement. Following the 20-F filing, VivoPower will conduct its annual shareholder update call, with details to be released before December 6, 2024.