VivoPower Closes First Phase of US$121 Million Private Placement

Rhea-AI Summary

VivoPower International (NASDAQ: VVPR) has successfully completed the first phase of its US$121 million private placement, securing US$60.5 million in gross proceeds. The investment round is led by Prince Abdulaziz bin Turki bin Talal Al Saud and includes a consortium of non-U.S. investors under Regulation S. The remaining 50% is pending shareholder approval for increased authorized share capital. The funds will be allocated to support VivoPower's Ripple and XRP-focused treasury, decentralized finance solutions strategy, and broader transformation initiatives. The private offering strictly complies with Regulation S requirements, targeting only non-U.S. persons, with a 40-day restriction period on share sales post-registration.

Positive

• Secured significant funding of US$60.5 million in first phase of US$121 million total investment
• Strategic investment led by prominent royal investor Prince Abdulaziz bin Turki bin Talal Al Saud
• Funds will support company's expansion into Ripple and XRP-focused treasury and DeFi solutions

Negative

• Remaining 50% of investment requires shareholder approval for increased share capital
• 40-day restriction period on share sales post-registration limits trading flexibility
• Potential dilution for existing shareholders from the large capital raise

Insights

Financial Analyst

VivoPower secures $60.5M in first phase of $121M private placement, significantly strengthening its capital position for crypto initiatives.

VivoPower International has successfully closed the first phase of its substantial $121 million private placement, securing $60.5 million in gross proceeds. This investment is spearheaded by Saudi royal Prince Abdulaziz bin Turki bin Talal Al Saud, alongside a consortium of non-U.S. investors under Regulation S compliance.

The magnitude of this capital injection is particularly significant given VivoPower's market positioning. The first phase was completed within existing authorized share capital parameters, indicating careful financial structuring. The remaining 50% of funds is pending shareholder approval to increase authorized share capital, suggesting potential dilution considerations for existing shareholders.

What's most noteworthy is the stated purpose of these funds - supporting the company's Ripple and XRP-focused treasury and decentralized finance solutions strategy. This represents a substantial strategic pivot toward cryptocurrency and blockchain technology applications. The funding specifically targeted non-U.S. investors, likely due to the ongoing regulatory challenges surrounding XRP in the United States.

The transaction includes standard protective provisions, including material adverse change clauses related to securities, potential delisting scenarios, and performance obligations. These safeguards indicate prudent investment structuring, though they also highlight potential execution risks in VivoPower's strategic transformation.

This capital infusion provides VivoPower with significant financial flexibility to pursue its strategic transformation, though execution will be critical given the volatile nature of cryptocurrency markets and regulatory uncertainties surrounding digital assets.

LONDON, June 20, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”) today announced that it has closed the first phase of the previously announced US$121 million investment round led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud, and including a consortium of non-U.S. investors pursuant to Regulation S under the U.S. Securities Act of 1933. This first phase is equivalent to gross proceeds of US$60.5 million.

The closing was completed within existing authorized share capital parameters. The remaining 50% is expected to close shortly subject to shareholder approval to increase authorized share capital.

Proceeds will support VivoPower’s Ripple and XRP-focused treasury and decentralized finance solutions strategy and broader transformation initiatives.

The private offering was made only to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). Any securities described in this press release have not been registered under the Securities Act and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) except in transactions registered under the Securities Act or exempt from, or not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws. Any share issuance under Regulation S cannot be sold for at least 40 days post registration and consummation of the transactions contemplated hereby are conditioned upon the sale and purchase agreements (Subscription Agreements) not having been validly terminated in accordance with their terms, which include but are not limited to material adverse change for the Company including in relation to its securities, delisting or suspension of the Company’s shares and non-performance of obligations by either the Company or the investors.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or any other jurisdiction.

About VivoPower

VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact 
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FAQ

How much did VivoPower (VVPR) raise in the first phase of its private placement?

VivoPower raised US$60.5 million in the first phase of its US$121 million private placement.

Who is leading the investment in VivoPower's private placement?

The investment is led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud, along with a consortium of non-U.S. investors.

What will VivoPower use the private placement proceeds for?

The proceeds will support VivoPower's Ripple and XRP-focused treasury, decentralized finance solutions strategy, and broader transformation initiatives.

When will the second phase of VivoPower's private placement close?

The remaining 50% is expected to close shortly, subject to shareholder approval to increase authorized share capital.

What are the restrictions on the shares issued in VivoPower's private placement?

The shares cannot be sold for at least 40 days post-registration and cannot be offered or sold to U.S. persons under Regulation S requirements.