Saudi prince backs VivoPower (VIVO) in fresh share funding

VivoPower PLC (VIVO) retired $28.8M in shareholder debt, improving its credit profile. Noble Capital Markets notes this move eliminates interest expenses and supports its AI data center project in Norway. The company also plans to separate its 2.2GW non-Nordic portfolio into a separate entity. Noble maintains an Outperform rating with a $10 price target, citing improved financial flexibility.

VivoPower (VIVO) plans to spin off its 2.2GW non-Nordic AI infrastructure portfolio into a separate company, targeting London and Abu Dhabi listings. The new entity will seek pre-IPO funding and finance future construction, reducing VivoPower's financial burden. The portfolio spans the Gulf Cooperation Council and ASEAN regions, with projects at various development stages. The Nordic operations remain separate. Completion depends on approvals and market conditions.

VivoPower PLC (NASDAQ:VIVO) said its board approved spinning off its non-Nordic AI data center assets into a new Singapore-based “AI Infrastructure Platform.” The platform will hold over 2.2 GW of assets, be funded via a targeted pre-IPO round, then list primarily on the LSE and secondarily in Abu Dhabi. VivoPower will retain de facto control; existing shareholders won’t receive direct shares.

VivoPower PLC (Nasdaq: VIVO) said it fully retired US$28.8 million of shareholder debt principal owed to its founding shareholder AWN Holdings Limited. Of this, US$16.5 million was settled through AWN participation in a US$50 million PIPE 2, with 165,000 convertible preference shares issued, and US$12.3 million was repaid in cash. The company cited reduced interest burden and improved credit quality.

VivoPower PLC (Nasdaq: VIVO) said it fully retired US$28.8 million of shareholder debt principal owed to AWN Holdings, affiliated with Executive Chairman and CEO Kevin Chin. VivoPower reported US$16.5 million was cancelled via PIPE 2 in exchange for 165,000 convertible preference shares, and US$12.3 million was repaid in cash. The related-party transaction was approved by independent directors’ Audit and Risk Committee.

VivoPower PLC (NASDAQ:VIVO) said it secured a $50M PIPE investment led by Blue Sky Capital to fund its Mo i Rana AI data center conversion in Norway and reduce corporate debt. The deal uses convertible preference shares with a $7.50 conversion price, a 6% PIK coupon, and fixed-price warrants. Arctic Securities acted as placement agent.