VivoPower Receives Nasdaq Letter Confirming it is in Compliance with Nasdaq Listing Standard
VivoPower International (Nasdaq: VVPR) has received confirmation from Nasdaq that it is now in compliance with Listing Rule 5550(b)(1), which requires maintaining a minimum of $2.5 million in stockholders' equity for continued listing on the Nasdaq Capital Market.
The company achieved compliance following the successful completion of the first phase of its $121 million private placement, which generated $60.5 million in gross proceeds. This development follows a previous non-compliance notification received on January 3, 2025.
Nasdaq will continue monitoring VivoPower's compliance with the minimum stockholders' equity requirement. If the company fails to maintain compliance in its next periodic report for the year ended June 30, 2025, it may face potential delisting, subject to appeal rights before a Hearings Panel.
VivoPower International (Nasdaq: VVPR) ha ricevuto conferma da Nasdaq di essere ora conforme alla Regola di Quotazione 5550(b)(1), che richiede di mantenere un patrimonio netto minimo di 2,5 milioni di dollari per la permanenza sul Nasdaq Capital Market.
L'azienda ha raggiunto la conformit脿 dopo il completamento con successo della prima fase del suo collocamento privato da 121 milioni di dollari, che ha generato 60,5 milioni di dollari di proventi lordi. Questo sviluppo segue una precedente notifica di non conformit脿 ricevuta il 3 gennaio 2025.
Nasdaq continuer脿 a monitorare il rispetto da parte di VivoPower del requisito minimo di patrimonio netto. Se l'azienda non manterr脿 la conformit脿 nel prossimo rapporto periodico per l'anno conclusosi il 30 giugno 2025, potrebbe affrontare un possibile delisting, con possibilit脿 di ricorso davanti a un Hearings Panel.
VivoPower International (Nasdaq: VVPR) ha recibido confirmaci贸n de Nasdaq de que ahora cumple con la Regla de Listado 5550(b)(1), que requiere mantener un patrimonio neto m铆nimo de 2,5 millones de d贸lares para continuar en el Nasdaq Capital Market.
La compa帽铆a logr贸 el cumplimiento tras completar con 茅xito la primera fase de su colocaci贸n privada de 121 millones de d贸lares, que gener贸 60,5 millones de d贸lares en ingresos brutos. Este avance sigue a una notificaci贸n previa de incumplimiento recibida el 3 de enero de 2025.
Nasdaq continuar谩 monitoreando el cumplimiento de VivoPower con el requisito m铆nimo de patrimonio neto. Si la compa帽铆a no mantiene el cumplimiento en su pr贸ximo informe peri贸dico para el a帽o finalizado el 30 de junio de 2025, podr铆a enfrentar una posible exclusi贸n, con derecho a apelar ante un Panel de Audiencias.
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VivoPower International (Nasdaq : VVPR) a re莽u la confirmation de Nasdaq qu'elle est d茅sormais conforme 脿 la r猫gle de cotation 5550(b)(1), qui exige de maintenir un fonds propres minimum de 2,5 millions de dollars pour rester cot茅e sur le Nasdaq Capital Market.
La soci茅t茅 a atteint cette conformit茅 apr猫s la r茅ussite de la premi猫re phase de son placement priv茅 de 121 millions de dollars, g茅n茅rant 60,5 millions de dollars de produits bruts. Cette 茅volution fait suite 脿 une notification de non-conformit茅 re莽ue le 3 janvier 2025.
Nasdaq continuera de surveiller la conformit茅 de VivoPower 脿 l'exigence minimale de fonds propres. Si la soci茅t茅 ne maintient pas la conformit茅 dans son prochain rapport p茅riodique pour l'exercice clos le 30 juin 2025, elle pourrait faire face 脿 une radiation potentielle, avec un droit d'appel devant un panel d'audience.
VivoPower International (Nasdaq: VVPR) hat von der Nasdaq die Best盲tigung erhalten, dass das Unternehmen nun die Listing-Regel 5550(b)(1) erf眉llt, die vorschreibt, ein Mindestaktienkapital von 2,5 Millionen US-Dollar f眉r die fortgesetzte Notierung am Nasdaq Capital Market aufrechtzuerhalten.
Das Unternehmen erreichte die Einhaltung nach erfolgreichem Abschluss der ersten Phase seiner 121 Millionen US-Dollar Privatplatzierung, die 60,5 Millionen US-Dollar Bruttoerl枚se generierte. Diese Entwicklung folgt auf eine vorherige Nichtkonformit盲tsmitteilung vom 3. Januar 2025.
Nasdaq wird die Einhaltung der Mindestanforderungen an das Eigenkapital durch VivoPower weiterhin 眉berwachen. Sollte das Unternehmen im n盲chsten periodischen Bericht f眉r das am 30. Juni 2025 endende Gesch盲ftsjahr die Anforderungen nicht erf眉llen, droht eine m枚gliche Delistung, vorbehaltlich von Berufungsrechten vor einem Hearing Panel.
- Successfully raised $60.5 million in gross proceeds from private placement
- Regained compliance with Nasdaq listing requirements
- Maintains listing status on Nasdaq Capital Market
- Risk of future delisting if compliance is not maintained in next periodic report
- Ongoing monitoring by Nasdaq for continued compliance
- Previous non-compliance with stockholders' equity requirement
LONDON, July 01, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (鈥淰ivoPower鈥� or the 鈥淐ompany鈥�) announced today that it has received a letter from the Nasdaq Stock Market LLC (鈥淣asdaq鈥�) wherein, based on the Company鈥檚 Form 6-K, dated June 26, 2025, Nasdaq has determined that the Company complies with the Listing Rule 5550(b)(1).
As previously disclosed, on January 3, 2025, the Company received a notification letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum of US
Nasdaq will continue to monitor the Company鈥檚 ongoing compliance with the minimum stockholders鈥� equity requirement and, if at the time of its next periodic report for the year ended June 30, 2025, the Company does not evidence compliance with the minimum stockholders鈥� equity requirement, the Company may be subject to delisting. At that such time, Nasdaq staff will provide written notification to the Company, which it may then appeal the Nasdaq staff鈥檚 determination to a Hearings Panel.
About VivoPower
VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world鈥檚 first XRP-focused digital asset enterprise. The Company鈥檚 new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.
Forward-Looking Statements
This communication includes certain statements that may constitute 鈥渇orward-looking statements鈥� for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃ontinue,鈥� 鈥渃ould,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥減lan,鈥� 鈥減ossible,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渟hould,鈥� 鈥渨ould鈥� and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower鈥檚 management鈥檚 current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower鈥檚 business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower鈥檚 filings with the United States Securities and Exchange Commission. There can be no assurances that VivoPower will continue to comply with all of NASDAQ鈥檚 Listing Rules at all times, given inherent uncertainty in business conditions and financial markets. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise. .
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What was the reason for VivoPower's (VVPR) previous Nasdaq non-compliance notice?
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