VivoPower’s Caret Digital secures C$140M binding investment commitment

VivoPower (VVPR) International’s wholly owned subsidiary, Caret has secured a C$140M definitive and binding investment commitment from Luxembourg headquartered alternative investment group, GGY. Proceeds from the investment will be used to execute on and build out Caret Digital’s Power2X strategy, including in its first phase, the mining of DOGE coin, as well as for working capital and general corporate purposes. VivoPower shareholders had previously approved a spin-off of Caret Digital, in whole or part, as well as a special dividend during the Annual General Meeting held in December 2023. The Company will provide further updates in relation to the progress of the spin off via a reverse merger and the consequences for VivoPower and its stakeholders, including any special dividend shares for VivoPower shareholders.