VivoPower Confirms Record Date for Special Dividend Eligibility for Caret Digital Spin Off
VivoPower International (NASDAQ: VVPR) has announced a significant special dividend related to the spin-off of its subsidiary Caret Digital Limited. Shareholders on record as of July 9, 2025, will receive 5 Caret Digital shares for each VVPR share held.
The spin-off will be executed through a direct NASDAQ IPO with a target market capitalization of $308 million. Caret Digital is currently in negotiations with strategic investors from the Middle East and Asia to raise up to $50 million in pre-IPO funding to support growth initiatives.
VivoPower International (NASDAQ: VVPR) ha annunciato un dividendo speciale significativo legato alla scissione della sua controllata Caret Digital Limited. Gli azionisti registrati al 9 luglio 2025 riceveranno 5 azioni Caret Digital per ogni azione VVPR posseduta.
La scissione sarà realizzata tramite un'IPO diretta sul NASDAQ con una capitalizzazione di mercato obiettivo di 308 milioni di dollari. Caret Digital è attualmente in trattative con investitori strategici provenienti dal Medio Oriente e dall'Asia per raccogliere fino a 50 milioni di dollari in finanziamenti pre-IPO a supporto delle iniziative di crescita.
VivoPower International (NASDAQ: VVPR) ha anunciado un dividendo especial significativo relacionado con la escisión de su subsidiaria Caret Digital Limited. Los accionistas registrados al 9 de julio de 2025 recibirán 5 acciones de Caret Digital por cada acción de VVPR que posean.
La escisión se llevará a cabo mediante una oferta pública inicial directa en NASDAQ con una capitalización de mercado objetivo de 308 millones de dólares. Caret Digital está actualmente en negociaciones con inversores estratégicos de Medio Oriente y Asia para recaudar hasta 50 millones de dólares en financiamiento previo a la IPO para apoyar iniciativas de crecimiento.
VivoPower International (NASDAQ: VVPR)는 자회사 Caret Digital Limited의 분사를 위한 특별 배당을 발표했습니다. 2025년 7월 9일 기준 주주들은 보유한 VVPR 주식당 Caret Digital 주식 5주를 받게 됩니다.
분사는 NASDAQ 직접 IPO를 통해 진행되며, 목표 시가총액은 3억 800만 달러입니다. Caret Digital은 현재 중동 및 아시아의 전략적 투자자들과 최대 5천만 달러의 IPO 전 자금 조달을 위해 협상 중이며, 이는 성장 이니셔티브를 지원하기 위한 것입니다.
VivoPower International (NASDAQ : VVPR) a annoncé un dividende spécial important lié à la scission de sa filiale Caret Digital Limited. Les actionnaires inscrits au 9 juillet 2025 recevront 5 actions Caret Digital pour chaque action VVPR détenue.
La scission sera réalisée via une introduction en bourse directe sur le NASDAQ avec une capitalisation boursière cible de 308 millions de dollars. Caret Digital est actuellement en négociations avec des investisseurs stratégiques du Moyen-Orient et d'Asie afin de lever jusqu'à 50 millions de dollars de financement pré-IPO pour soutenir ses initiatives de croissance.
VivoPower International (NASDAQ: VVPR) hat eine bedeutende Sonderdividende im Zusammenhang mit der Abspaltung seiner Tochtergesellschaft Caret Digital Limited angekündigt. Aktionäre, die am 9. Juli 2025 im Register stehen, erhalten für jede gehaltene VVPR-Aktie 5 Caret Digital-Aktien.
Die Abspaltung wird durch einen direkten NASDAQ-IPO mit einer angestrebten Marktkapitalisierung von 308 Millionen US-Dollar durchgeführt. Caret Digital befindet sich derzeit in Verhandlungen mit strategischen Investoren aus dem Nahen Osten und Asien, um bis zu 50 Millionen US-Dollar an Pre-IPO-Finanzierung zur Unterstützung von Wachstumsinitiativen zu erhalten.
- Special dividend of 5 Caret Digital shares for each VVPR share held
- Significant target market capitalization of $308 million for Caret Digital IPO
- Potential pre-IPO funding of up to $50 million from strategic investors
- Final market capitalization subject to market conditions and other factors
- Pre-IPO funding negotiations still ongoing with no guaranteed outcome
Shareholders on record as of July 9, 2025, to receive five Caret Digital shares per VVPR share held
Caret Digital subsidiary is to be spun off via a direct NASDAQ IPO at a target market capitalisation of US
Negotiations are progressing with strategic pre-IPO investors in the Middle East and Asia for investment of up to US
LONDON, June 24, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that it has set the record date as July 9, 2025, for the purpose of determining eligibility to receive a special dividend relating to the spin-off of Caret Digital Limited (“Caret”).
The implied market capitalisation for the spin-off is US
VivoPower has filed a notice in accordance with NASDAQ rules that provides at least 10 calendar days' notice of a record date. The ex-dividend date will be set by NASDAQ in accordance with its procedures.
VivoPower shareholders as of the record date of July 9, 2025, will be entitled to receive a special dividend of five (5) shares of Caret Digital for each VivoPower share held.
Shareholders are encouraged to liaise with their brokers in relation to the above. The Company’s transfer agent is Computershare Trust Company, N.A., and for depository receipt holders, the relevant contact is Computershare Trustees (Jersey) Limited.
About Caret Digital
Caret, LLC, (trading as Caret Digital) a wholly owned subsidiary of VivoPower, and has a Power-to-X strategy involving the development of renewable power infrastructure that is vertically integrated with high energy consumption use cases. In the first phase of its Power-to-X strategy, Caret Digital is building up capacity and infrastructure to mine DOGE coin, which it then converts to BTC or XRP.
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 characterisations 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. There can be no assurances that VivoPower will consummate the proposed transaction on the terms currently contemplated, or at all, as it will be subject to market conditions.
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FAQ
When is the record date for VivoPower's (VVPR) Caret Digital special dividend?
How many Caret Digital shares will VVPR shareholders receive in the spin-off?
What is the expected market capitalization for Caret Digital's IPO?
How much pre-IPO funding is Caret Digital seeking to raise?
Who is the transfer agent for the VVPR Caret Digital special dividend?
