Article
VivoPower International Completes A Definitive Agreement With Kweather Co., Which Would Involve KWeather Acquiring The Economic Rights To Some Of VivoPower's Holdings In Ripple Lab Shares, With VivoPower Securing 20% Of KWeather Shares Worth $4.3M

VivoPower International PLC (NASDAQ:VVPR) ("VivoPower" or the "Company"), a leading B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, confirms that it has completed a definitive agreement with Kweather Co., Ltd, a KOSDAQ-listed company ("KWeather"), which would involve KWeather acquiring the economic rights to some of VivoPower's holdings in Ripple Lab shares, with VivoPower securing 20% of KWeather shares worth $4.3m. The balance of the Ripple Labs shares held by VivoPower will be acquired by Lean Ventures of South Korea pursuant to a definitive partnership agreement that was announced in December 2025.

VivoPower confirms that any Ripple Labs share transactions will be conducted at market value and will be in accordance with the Ripple Labs approval process.

VivoPower will not be acquiring digital assets on its balance sheet and confirms that it has not incurred aggregate unrealized losses on its digital asset positions.

VivoPower will continue to focus its resources on scaling up its data center infrastructure business.

Comments
  • No comments yet. Be the first to comment!