Welcome to our dedicated page for Vivopower International Plc news (Ticker: VVPR), a resource for investors and traders seeking the latest updates and insights on Vivopower International Plc stock.
VivoPower International PLC (NASDAQ: VVPR) generates news across sustainable energy solutions, electric mobility, digital infrastructure, and digital assets. Company announcements describe a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and highlight three core business units: Tembo, Caret Digital, and Vivo Federation. News items frequently reference the company’s Power-to-X strategy and its focus on Sovereign AI computing, where power, land, and compute infrastructure are combined for energy-intensive applications.
On this page, readers can follow updates on Tembo, VivoPower’s electric mobility subsidiary that provides 100% electric utility vehicles and electrification solutions for ruggedized and customized fleet applications. Recent releases have covered distribution and assembly agreements in regions such as East Africa, as well as progress in markets including Africa, Australia, and the Philippines.
News related to Caret Digital often involves power-to-x initiatives, digital asset mining, and AI data center infrastructure projects, including references to energized data center facilities powered by renewable energy and plans to develop Sovereign AI hubs. These stories provide insight into how VivoPower seeks to pair low-cost, sustainable power with compute-intensive workloads.
Updates on Vivo Federation, the company’s digital asset arm, focus on XRPL-based real-world blockchain applications and exposure to Ripple Labs shares and XRP tokens. Announcements have included joint venture agreements with asset managers and partnerships aimed at building XRP-focused digital asset reserves and tokenization projects.
Investors and observers can use this news feed to review corporate developments such as advisory council appointments, strategic refocus announcements, digital treasury initiatives, and regulatory or governance updates disclosed through press releases and SEC-related communications.
VivoPower announced its Board's approval for subsidiary Caret Digital to develop up to 55MW of its solar farm portfolio for Dogecoin and Litecoin mining. This follows a proposal from a Canadian group seeking a reverse merger with Caret Digital. Based on current cryptocurrency prices and Antminer GPU costs, the project could generate annual revenues of approximately US$150 million. Capital expenditure will be funded through equity and debt raised by Caret Digital post-merger. VivoPower shareholders previously approved Caret Digital's spin-off and special dividend in December 2023.
VivoPower International PLC's subsidiary, Tembo E-LV B.V., has announced a definitive partnership agreement with Sarao Motors, the iconic Philippine jeepney manufacturer. Tembo will provide state-of-the-art and cost-effective solutions to electrify the next generation of public utility jeepneys in the Philippines' estimated US$10bn jeepney market.
Sarao Motors, established in 1953, is the pre-eminent jeepney group in the Philippines and has selected Tembo as its exclusive partner for electric jeepneys. Tembo's electric jeepney kits are already en route to Sarao's headquarters in Las Piñas City. The partnership aims to modernize and electrify the jeepney industry while preserving its cultural heritage and creating local jobs.
VivoPower International PLC (NASDAQ: VVPR) has announced the closure of its F-1 offering after successfully raising $4 million in gross proceeds from institutional investors. The company issued an aggregate of 3,200,000 Ordinary Shares, with the offering terminating after market on September 27, 2024.
The funds will be used to reduce debt and finance inventory for customer orders. VivoPower has transitioned to a capital light business model, leveraging its strategic supply chain across Asia, which significantly reduces its funding requirements. This shift eliminates the need for building out assembly and manufacturing facilities.
Chardan acted as the sole placement agent for this offering. The securities were offered through a registration statement on Form F-1, which was declared effective on August 29, 2024, with the final prospectus filed on September 19, 2024.
VivoPower International Plc (Nasdaq: VVPR) has announced further details on its proposed merger with Future Automotive Solutions and Technologies (FAST). The combined entity will be headquartered in the UK to qualify for significant UK Government clean energy incentives. The UK Government has allocated a combined budget of US$21bn for clean energy projects through the Great British Energy unit and National Wealth Fund, with green hydrogen as an investment priority.
The merger structure proposes that VivoPower will acquire FAST and issue restricted shares as consideration. Post-merger, VivoPower will remain a UK PLC with 49% owned by VivoPower shareholders and 51% by FAST shareholders. The pro forma combined company is valued at an equity valuation of $1.13bn, with VivoPower's 49% stake valued at $556m and FAST's 51% at $578m. VivoPower insiders and affiliates will commit to a share lock-up in the merged entity.
VivoPower International Plc (Nasdaq: VVPR) has announced plans to merge with Future Automotive Solutions and Technologies (FAST), creating a US$1.13bn pro forma entity headquartered in the UK. This strategic move aims to capitalize on the UK government's $21bn clean energy investment programmes, including the Great British Energy unit ($11bn) and National Wealth Fund ($9.7bn). The merger, subject to conditions, will result in a company structure with 49% ownership by VivoPower shareholders and 51% by FAST shareholders. The UK's recent policy changes, including the reinstatement of a 2030 ban on diesel and petrol vehicles, make it an attractive market for hydrogen companies. This merger aligns with the UK's goal of achieving net-zero carbon emissions in electricity generation by 2030 and positions the combined entity to potentially benefit from significant government incentives in the clean energy sector.
VivoPower International PLC (Nasdaq: VVPR) has announced a strategic heads of agreement to merge with Future Automotive Solutions and Technologies Inc. (FAST) at a pro-forma combined equity value of US$1.13bn. The proposed all-stock merger values VivoPower equity at US$556 million (implying a share price of US$101 per VVPR share) with FAST equity valued at US$578 million. VivoPower is expected to issue 5.72 million restricted shares as consideration for FAST. Post-merger, VivoPower shareholders are expected to own 49% of the combined group. The merger is conditional upon closing of the previously announced business combination with CCTS and separate listing of Tembo. The agreement provides for a 90-day exclusivity period to reach a definitive agreement, with a target completion date of December 31, 2024.
VivoPower International PLC (NASDAQ: VVPR) has announced a non-binding distribution heads of agreement with Sansure Biotech Inc for Mpox diagnostic tests and detection kits in Singapore, Hong Kong, and Australia. This initiative is part of VivoPower's business continuity planning protocols to safeguard employees and supply partners and customers. As a certified B , VivoPower is committed to the triple bottom line of People, Planet, and Profit. Selected VivoPower management will fund pro bono distribution to disadvantaged communities. The company intends to reinvest any surplus profits from Mpox distribution agreements into its core sustainable energy solutions business.
The World Health Organization declared the Mpox outbreak a public health emergency of international concern on August 14, 2024. As of June 2024, there have been 99,176 confirmed cases and 208 deaths reported across 116 countries, with Africa experiencing the highest transmission rates.
VivoPower International PLC (Nasdaq: VVPR) reported preliminary unaudited results for FY2024. Annual consolidated revenue declined 22% to $11.8 million, reflecting a strategic shift towards Electric Vehicle and Sustainable Energy Solutions. Gross profit increased 170% to $1.6 million. Underlying net loss was ($25.1) million, with EPS of ($8.01). Cash balance increased to $0.8 million.
Key highlights include Tembo E-LV executing a Business Combination Agreement with CCTS at a $904 million enterprise value, and the sale of Kenshaw Electrical for A$5.0 million. Tembo achieved milestones in EUV powertrain delivery, joint ventures, and supply chain establishment.
Tembo E-LV, a subsidiary of Nasdaq-listed VivoPower International PLC (VVPR), has executed a definitive Business Combination Agreement (BCA) with Cactus Acquisition Corp. 1 (CCTS). The deal values the combined enterprise at US$904 million, assuming no public trust redemptions. An independent third-party fairness opinion was obtained and completed satisfactorily.
The parties expect to file a registration statement on Form F-4 with the SEC and aim to close the transaction by the end of 2024, subject to regulatory approvals and CCTS shareholder approval. Upon completion, the newly formed Tembo Group will apply for Nasdaq listing. Chardan is acting as the exclusive financial advisor, with White & Case LLP and NautaDutilh N.V. serving as legal counsel to VivoPower and Tembo.
VivoPower International PLC (Nasdaq: VVPR) announced that its electric vehicle subsidiary, Tembo e-LV B.V., has extended its exclusive heads of agreement with Cactus Acquisition I (Nasdaq: CCTS) until 31 August 2024. This one-month extension aims to provide Tembo with additional time to finalize a material transaction and update disclosures before completing a definitive business combination agreement for the proposed US$838 million merger. The extension will also allow time for an independent fairness opinion to be prepared. This development suggests that the merger process is progressing, albeit with some delays, as both parties work towards finalizing the deal.