October 2020

VivoPower announces closing of US$28.75m underwritten public offering of shares on NASDAQ

Shortly after the announcement of VivoPower’s successful signing of a definitive agreement to acquire Tembo e-LV B.V., we are proud to announce that VivoPower raised USD$28.75 million in an upsized public share offering.  

On October 20, VivoPower closed an underwritten public offering to sell 2,941,176 ordinary shares to the public at the price of $8.50 a share. 

On top of the original 2.9+ million shares, the underwriters have exercised an option to purchase 441,174 ordinary shares at the public offering price, less the underwriting discounts and commissions. 

Due to strong demand from a range of institutional investors, the offering was upsized from its initial USD$15 million target. Gross proceeds―before underwriting discounts and commissions, and estimated offering expenses―will now be about USD$28.75 million.  Net proceeds from the offering will supplement VivoPower’s existing cash and cash equivalents, which will be deployed to fund working capital needs and accelerate the expansion of operations into the commercial electric vehicle space. That expansion includes the recent acquisition of Tembo e-LV B.V., a specialist electric battery and off-road vehicle company. 

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November 2022

Utility Vehicle EV Conversion Company Tembo e-LV Launches New Brand and Website

November 2022

Evolution Unveils New Fleet Electrification Partnership with VivoPower's Tembo Unit for Its Light Utility Vehicle Fleet

November 2022

Tembo e-LV Announces Definitive Agreement to Supply EV Conversion Kits for 4x4 Electric Light Vehicles in Landmark Deal

October 2022

EdventureCo acquires Microsoft Application training provider Nexacu

October 2022

Green Antz named Pollution Reduction Initiative of the Year at Environmental Finance Sustainable Company Awards 2022

September 2022

VivoPower Reports Preliminary Unaudited Financial Results for the Fiscal Year Ended June 30, 2022

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