VivoPower Moves Toward Caret Digital Spin-Off and Dividend
VivoPower Announces Special Dividend and Caret Digital Spin-Off
VivoPower International PLC (NASDAQ: VVPR), a globally recognized player in sustainable energy solutions, is taking significant steps towards a new business strategy. Recently, the company revealed that it will set a record date for shareholders to become eligible to receive a special dividend linked to the spin-off of its subsidiary, Caret Digital Limited.
Special Dividend Details
The record date has been established for shareholders as July 9, 2025. Shareholders registered by this date will receive an impressive dividend: five shares of Caret Digital for each VVPR share they hold. This announcement is poised to create excitement among investors as it highlights VivoPower’s commitment to rewarding its shareholders.
Caret Digital's Market Position
Caret Digital will pursue a direct IPO on NASDAQ, anticipating a market valuation of approximately US$308 million. This strategic move reflects VivoPower's broader vision for innovation in the renewable energy sector. The company is actively engaged in discussions with strategic investors, particularly in the Middle Eastern and Asian markets, aiming to generate investments totaling up to US$50 million to fuel Caret's growth initiatives.
Understanding Caret Digital's Business Model
Caret Digital operates under a Power-to-X strategy, which involves creating renewable power infrastructure directed towards high-energy use cases. This innovative approach marks the first phase of their operations, primarily focusing on mining digital currencies like DOGE coin and converting them into more widely recognized currencies such as BTC and XRP.
VivoPower's Strategic Transformation
VivoPower has embarked on a strategic transformation, evolving into a pioneering enterprise focused on XRP, a digital asset widely recognized for its application in decentralized finance. This shift aims to manage and hold XRP assets as part of a diversified treasury strategy, contributing significantly to the XRP Ledger’s growth and effectively supporting blockchain applications that bring tangible utility.
A Global Presence in Sustainability
Founded in 2014 and listed on Nasdaq since 2016, VivoPower has grown its footprint to include regions such as the United Kingdom, Australia, and Southeast Asia. Their dual business model encompasses Tembo, which specializes in electric solutions, and Caret Digital, addressing the urgent needs of renewable energy utilization through innovative technology.
Providing Clarity to Shareholders
As the July record date approaches, shareholders are encouraged to stay in close communication with their brokers to ensure they are prepared for the dividend distribution. VivoPower’s transfer agent, Computershare Trust Company, N.A., will handle these transactions effectively, while depository receipt holders should reach out to Computershare Trustees (Jersey) Limited for relevant inquiries.
Frequently Asked Questions
What is the record date for the special dividend?
The record date for the special dividend is set for July 9, 2025.
How many shares of Caret Digital will shareholders receive?
Shareholders will receive five shares of Caret Digital for each share of VivoPower they hold.
What is Caret Digital's target market capitalization?
The target market capitalization for Caret Digital is approximately US$308 million.
How much investment is VivoPower seeking for Caret Digital?
VivoPower is seeking up to US$50 million in investment from strategic investors.
What is VivoPower's new focus in digital assets?
VivoPower is focusing on the acquisition and management of XRP digital assets as part of its strategic transformation.
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