Overview

• The company issued additional common shares at $6.05 apiece, a price above the prior market close, for gross proceeds of roughly $19 million.
• Management said the funds will scale its XRP-focused digital asset treasury strategy and retire debt.
• Shares were placed with long-term U.S. and global institutional investors under the effective Form F-1 registration, with a final prospectus filed with the SEC.
• The raise builds on a previously announced Regulation S offering led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud.
• VivoPower continues to expand Caret Digital’s operations with plans to convert mined output into XRP, complementing its earlier move to gain Ripple equity exposure.