Overview
- VivoPower plans to allocate $100 million to buy privately held Ripple shares from existing investors in a move that would indirectly secure 211 million XRP tokens.
- The company estimates the XRP component will cost an average of $0.47 per token, representing an 86% discount to current market prices and a notional $696 million value.
- VivoPower says it will take direct legal title on Ripple’s shareholder register rather than using special-purpose vehicles, leveraging Nasdaq Private Market for transaction handling.
- Custody of the acquired XRP will be managed by BitGo and subject to independent quarterly audits to verify both token and equity holdings.
- The deal remains conditional on the conclusion of ongoing due diligence and final approval from Ripple’s board before any shares change hands.