Overview
- VivoPower says it has written approval from Ripple to purchase an initial tranche of preferred shares for the vehicle.
- The partners are negotiating bilateral purchases from institutional holders to reach the targeted $300 million in Ripple equity.
- Lean Ventures, a licensed Seoul-based asset manager, will arrange the South Korea-focused vehicle after canvassing interest from institutional and retail investors.
- VivoPower targets about $75 million in net management and performance fees over three years, with no balance-sheet capital committed.
- VivoPower shares jumped roughly 12%–15% intraday following the announcement, and the company is in final due diligence on a potential 20% K-Weather stake linked to the initiative.