Overview

• The company said proceeds will scale its XRP digital asset treasury strategy and reduce debt.
• This raise comes in addition to a previously announced Regulation S offering led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud.
• Shares were placed with long-term institutional investors in the United States and internationally, according to the company.
• VivoPower shares jumped about 14% following the announcement before a minor pullback after-hours, market data showed.
• The offering was conducted under a Form F-1 registration declared effective by the SEC in May, and the company has outlined a shift toward acquiring and holding XRP, including a previously announced $100 million purchase of privately held Ripple Labs shares.