The movement toward transparent, efficient, and scalable capital for social good has found an unlikely ally in a digital asset once known primarily for cross-border remittances: XRP.
Built on the XRP Ledger (XRPL), XRP is rapidly gaining traction as a tool for impact investing, used by nonprofits, fintech startups, and blockchain innovators to fund projects that address critical social and environmental challenges.
From classroom grants and carbon credit tokenisation to developer ecosystems for ESG, XRP is quietly shaping the future of regenerative finance.
The appeal of XRP lies in its underlying architecture:
These properties make XRP ideal for mission-critical funding environments, particularly in emerging markets or disaster zones where speed and accountability are paramount.
Charitable organisations have begun accepting XRP for donations, thanks to its seamless transfer mechanics and global reach:
Ripple’s Ripple for Good initiative demonstrates how strategic philanthropy and blockchain tools can converge:
In a bid to support open-source projects focused on sustainability and inclusion, XRP community funds have seeded dozens of blockchain-based startups:
These grants help accelerate the development of decentralised tools for meaningful social outcomes.
One of the most promising use cases is the tokenisation of real-world outcomes:
For projects operating across borders—especially in underserved regions—XRP offers:
The convergence of XRP’s technical infrastructure with a growing ecosystem of socially driven developers and funders signals a new chapter in digital finance. Impact investing, once constrained by traditional systems and limited visibility, can now tap into blockchain's transparency, speed, and automation to scale faster and more credibly.
From microfinance in remote villages to carbon offset verification across borders, XRP is proving that digital assets can do more than transact—they can transform.
VivoPower recently announced its XRP treasury strategy that reflects the company's measured approach to integrating digital assets into its broader sustainability efforts.
By allocating $121 million to XRP, VivoPower seeks to participate in the evolving XRP Ledger ecosystem while exploring its potential as a tool for funding impact-focused initiatives. This aligns with a growing interest in using blockchain-based assets to support projects that balance financial viability with long-term social and environmental value.
For more news and insights, stay tuned to the Arowana website.
What began as a modest council-led initiative in Western Australia has evolved into a global movement with serious economic and reputational consequences. Plastic Free July, first launched in 2011 by Rebecca Prince-Ruiz and a handful of colleagues at the Western Metropolitan Regional Council, now mobilises over 190 countries and tens of millions of participants each year. For businesses, what was once seen as a well-meaning eco-challenge has matured into a proving ground for operational reform, consumer alignment, and long-term brand resilience.
At its heart, the campaign seeks to reduce the world’s dependence on single-use plastics — a goal that, on the face of it, may appear modest. But behind the substitution of coffee cups and cutlery lies a deeper proposition: that modern enterprise must be redesigned with sustainability as a core operating principle, not an afterthought.
The real impact of Plastic Free July lies in how it invites companies to confront a simple but uncomfortable question: how deeply embedded is plastic in our business model?
The campaign offers a blueprint for change — one that spans supply chains, procurement, workplace culture, and customer engagement. Unlike fleeting CSR campaigns of yesteryear, the momentum generated in July is often sustained long beyond the calendar turn.
The appeal of Plastic Free July is in part its clarity: reduce plastic use, and reduce it visibly. The objectives are tangible. Cut down emissions from plastic production and disposal. Shield marine ecosystems from the byproducts of convenience. Reassure consumers increasingly wary of greenwashing. And align with a regulatory environment that is steadily tightening its grip on wasteful packaging.
For businesses, meaningful engagement starts with a candid appraisal of current practices. Waste audits, the unglamorous starting point of most success stories, help identify hotspots of plastic dependence, whether in logistics, foodservice, retail, or back-office operations.
From there, the interventions vary in ambition and scale. Some firms replace disposable items with compostable alternatives. Others go further, restructuring procurement policies, switching suppliers, or introducing refill systems. Financial incentives, competitions, and branded giveaways help nudge employee habits, while messaging across internal and external platforms reinforces the narrative.
In this regard, Plastic Free July operates as a cultural intervention. It creates an internal moment, a licence even, for teams to question the status quo, trial new approaches, and reframe what’s considered “normal”.
The data from 2024 is compelling. Plastic Free July attracted 174 million participants worldwide, including thousands of businesses. An estimated 12 million tonnes of waste were avoided – of which 1.7 million tonnes were plastic. Businesses alone are thought to have cut around 390 million kilograms of plastic use during the campaign.
But the effects aren’t solely material. Organisations reported secondary benefits: greater employee engagement, deeper supplier partnerships, and more coherent sustainability messaging. And these benefits often cascade: a more engaged team tends to innovate more readily; better supplier dialogue can unlock further efficiencies and product differentiation.
Importantly, early adopters position themselves ahead of looming regulation. With jurisdictions from the EU to Southeast Asia introducing bans and penalties on single-use plastics, Plastic Free July offers a form of soft compliance – a way of getting the house in order before the auditors come knocking.
Necessity, as the old adage goes, is the mother of invention. And Plastic Free July has become a kind of annual showcase for what’s possible when design, science, and intent collide.
These examples are not marginal curiosities. They are early glimpses of how materials science and systems redesign might rewrite packaging norms in the coming decade.
One of the most persistent criticisms levelled at corporate sustainability campaigns is their ephemerality. A new product launch, a green-washed social media post, a press release touting reduced emissions – and then business as usual.
Plastic Free July, by contrast, has a surprisingly robust track record when it comes to lasting change. Research indicates that 87% of participants make at least one enduring shift in behaviour post-campaign. In business settings, that has translated into:
Take El Nido Resorts in the Philippines. Their post-campaign commitment to eliminating single-use plastics wasn’t limited to hospitality areas. It extended across housekeeping, transport, and supplier relations. Elsewhere, manufacturing firms have phased out plastic-based protective shipping materials in favour of biodegradable corn-starch foam.
For large organisations, these changes offer both reputational dividends and operational efficiencies. For smaller firms, they can open up new customer segments and supplier relationships.
With the growth of stakeholder capitalism, in which performance is judged as much by ESG ratings as by EBITDA margins, campaigns like Plastic Free July hold a peculiar power. They offer a shared cultural reference point – a window during which companies can test interventions, align teams, and communicate commitments.
But there’s also a degree of soft pressure at play. A visible absence from the campaign, especially among brands in retail, hospitality, or consumer goods, can raise eyebrows. Conversely, proactive participation is increasingly seen as a marker of foresight and integrity.
Ultimately, the plastic crisis is not going to be solved in a single month. Nor by a single campaign. But movements like Plastic Free July are helping to shift the cultural substrate on which business operates. They challenge the long-held notion that convenience must trump conscience, or that sustainability is always more expensive.
For many firms, July is a line in the sand. What follows – the audits, trials, new supplier relations, consumer communication strategies – is not merely follow-through. It is the new baseline.
The message is not simply to do less harm. It is to design better. And in doing so, to claim a place in a more circular, less wasteful economic future.
As with many transformations, the journey begins with small steps. But in a marketplace increasingly shaped by planetary limits and consumer expectations, the companies that walk the talk may find themselves not just compliant but competitive.
For more news and insights, stay tuned to the Arowana website.
Suneet Wadhwa, ex Ripple Head of Investments, joins Board of Advisors
David Mansfield, ex VinFast CFO, has joined as group CFO
Keith Loose, ex Block.one blockchain and tech infrastructure leader, has joined as group CTO
VivoPower is pleased to announce key executive leadership appointments, namely David Mansfield as Chief Financial Officer and Keith Loose as Chief Technology Officer. In addition, Suneet Wadhwa, former Head of Investments at Ripple, has joined the Board of Advisors.
David Mansfield brings over 25 years of senior financial leadership experience across global capital markets, financial technology, and sustainable enterprises. He most recently served as Chief Financial Officer (CFO) of VinFast, a global electric vehicle manufacturer where he was a key member of the executive team that led it to a successful US$23 billion initial public offering (IPO) on NASDAQ. Prior to then, Mr. Mansfield held senior roles including as managing director at J.P. Morgan, Credit Suisse, and Goldman Sachs, leading complex capital markets, trading, and structuring functions. He also brings entrepreneurial experience from founding and advising fintech ventures across Asia. Mr. Mansfield will lead VivoPower’s financial strategy, capital allocation, statutory reporting and investor engagement functions.
Keith Loose joins as Chief Technology Officer with over 20 years of experience at the intersection of enterprise technology, blockchain, and infrastructure architecture. He has held senior technology leadership positions at companies including Block Inc (CashApp Financial Platforms), Block.one, OSL Group, CLSA, and J.P. Morgan, with a strong focus on security, performance engineering, and financial platform development. At VivoPower, Mr. Loose will oversee the Company’s digital transformation, cybersecurity, and the buildout of its digital asset treasury infrastructure.
Suneet Wadhwa is a serial tech entrepreneur and executive with a distinguished 30-year career in Silicon Valley. He brings specific experience in the digital asset and decentralized finance industry and his role at VivoPower will be to build out the company’s DeFi strategy to generate yield on its XRP treasury and to spearhead DeFi investments in the XRPL ecosystem. At Ripple, Mr. Wadhwa led a US$500 million institutional investment portfolio, delivering a 4.2x MOIC and 77% IRR across 38 global investments. His track record includes successful exits such as BRD (acquired by Coinbase) and strategic positions in Forte, Flare, Kava, BitPay, and Mintable. His expertise will directly support VivoPower’s XRP treasury strategy and real-world integration across the XRP Ledger (XRPL). Prior to his role at Ripple, Mr. Wadhwa co-founded Snapfish, which was acquired by HP for US$300 million and was an early employee at Home Network where he was integral to the company’s growth through to their US$35 billion IPO.
Kevin Chin, Executive Chairman and CEO of VivoPower, said: “We are delighted to welcome David, Keith and Suneet to the VivoPower team. Each of them is highly experienced and credentialed in their respective fields, bringing exceptional track records in capital markets, digital asset, decentralized finance and blockchain technology to VivoPower. We have already been working closely with each of them as we execute on a number of significant strategic initiatives across VivoPower.”
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
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Marks first major execution of VivoPower's new corporate strategy and significant validation of the XRP ecosystem's utility for institutional treasury management
VivoPower is building a virtuous cycle—generating yield and using it to systematically increase its core XRP position, creating a perpetually compounding engine for shareholder value
VivoPower’s strategic transformation to an XRP-centric treasury is supported by a consortium of global shareholders, including His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud of Saudi Arabia, reflecting a deep conviction in the long-term institutional role of the XRP asset
Flare Network is a $1.9bn coin market cap enterprise backed by Ripple Labs
VivoPower, a publicly traded company focused on an XRP-centric treasury strategy, today announced the launch of a definitive partnership with Flare to generate yield on its digital assets. The agreement initiates the deployment of VivoPower’s XRP holdings through a scalable framework, beginning with a benchmarked initial phase of US$100 million. This marks the first major execution of VivoPower's new corporate strategy and a significant validation of the XRP ecosystem's utility for institutional treasury management.
This definitive agreement marks a pivotal moment for institutional adoption within the rapidly expanding Flare ecosystem. The network has already demonstrated significant traction in the retail sector through partners like Uphold, a global digital asset platform serving over 10 million users with approximately US$7 billion in assets under reserve. VivoPower’s commitment now represents the crucial institutional validation of the ecosystem, establishing the first major treasury management use case on the network.
This partnership delivers the first institutional-scale validation of Flare’s FAssets system, establishing it as the essential programmable utility layer for the XRP ecosystem. The strategy is designed to be regenerative: VivoPower will generate yield via protocols on Flare, such as Firelight, and reinvest that income directly back into its core XRP holdings, creating a perpetually compounding and capital-efficient treasury.
Kevin Chin, Executive Chairman and CEO of VivoPower, said: “It’s no longer enough to simply hold XRP; the duty to our shareholders is to make it productive. This landmark partnership with Flare does precisely that—it puts our treasury to work. We are building a virtuous cycle: generating yield and using it to systematically increase our core XRP position, creating a perpetually compounding engine for shareholder value. Adopting Ripple’s RLUSD is a cornerstone of this strategy, providing the stability and compliance this next-generation treasury demands."
Hugo Philion, Co-Founder of Flare, said: “While the XRP Ledger (XRPL) is the proven standard for settlement, a new layer of utility is required to unlock the full potential of digital assets. We engineered Flare as the blockchain for data to be that layer, with enshrined protocols to securely access information from other chains and the real world.
“Our FAssets system is a direct application of that core technology. It is more than just a bridge; it’s a gateway that allows institutions to bring assets like XRP into programmable DeFi environments to generate yield, all while retaining their fundamental security. What VivoPower is pioneering today is an open invitation for all institutions to build on this new utility layer.”
XRPFi: The Standard for Institutional-Grade Digital Finance
This partnership pioneers the XRPFi standard—a necessary evolution of DeFi engineered specifically for the demands of institutional treasury management. This model is defined by its focus on three core principles: sustainably generated yield, unwavering regulatory clarity, and asset-backed security.
Such a standard can only be built upon the unique strengths of the XRP asset and the proven history of its underlying ledger. For over a decade, the XRPL, launched by Ripple in 2012, has been tested and trusted as the backbone for enterprise-grade finance, making it the only logical foundation for the next generation of tokenized, real-world assets.
VivoPower’s selection of XRP as its core reserve asset was a strategic decision, predicated on its unique standing in the market. Among digital assets, XRP offers a level of regulatory clarity and proven efficiency that is essential for a public company’s treasury. This established track record, combined with its architecture’s suitability for tokenized real-world assets (RWAs), makes it the clear choice for a forward-looking financial strategy. To cement this ecosystem-first approach, VivoPower will hold Ripple’s forthcoming RLUSD stablecoin as its primary cash-equivalent reserve, ensuring stability and compliance across its entire digital treasury.
Flare: The Institutional-Grade Bridge for XRP Utility
VivoPower’s selection of Flare was the result of a rigorous evaluation of its technology, which serves as a secure, institutional-grade bridge for XRP to the DeFi ecosystem. Central to this is Flare’s FAssets system, a non-custodial protocol that enables XRP to be used in smart contract applications while preserving its native security model.
Flare’s broader ecosystem demonstrates significant readiness for institutional activity. Protocols essential to this strategy, such as the yield-generating Firelight protocol, are in place. The network’s ability to attract substantial liquidity has been recently demonstrated by the launch of the USDT0 stablecoin, which drove over US$90 million in new Total Value Locked (TVL). This robust infrastructure validates Flare’s role not as a replacement for the XRPL but as a complementary, programmable utility layer built to extend XRP’s reach into compliant, yield-generating finance.
Backed by Global Financial Leaders and XRP Ecosystem Veterans
VivoPower’s strategic transformation to an XRP-centric treasury is supported by a consortium of global shareholders, including His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud of Saudi Arabia. This backing reflects a deep conviction in the long-term institutional role of the XRP asset.
Operationally, the strategy is guided by former senior leadership from Ripple in Asia, providing unparalleled ecosystem expertise. VivoPower will scale its engagement with Flare through targeted institutional partnerships and ecosystem activation programs.
This convergence of visionary strategy, significant financial backing, and deep industry expertise marks a new phase of maturity for the XRP ecosystem—one defined by product-market fit, compliant yield, and sustainable infrastructure.
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
About Flare
Flare is a next-generation Layer 1 blockchain designed to connect decentralized systems with real-world utility through secure, data-rich interoperability. With enshrined data protocols, trust-minimized interoperability, and support for complex computation, Flare is the only EVM-compatible Layer 1 optimized for chain-agnostic applications. Its innovative FAssets system brings non-smart contract assets like XRP into DeFi, enabling institutional-grade staking and yield generation. Following strong adoption on its Songbird canary network and with mainnet launch approaching, Flare is positioned as the foundational utility layer for institutional blockchain adoption worldwide.
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Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions
Corresponding record date will be 13 June 2025
VivoPower today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. (Tembo).
Shareholders who hold VivoPower shares as of the close of business on 12 June 2025 will be entitled to receive any potential future special dividend distributions relating to Tembo. Shareholders purchasing VivoPower shares on or after the ex-dividend date will not be eligible for the distribution.
Any potential future special dividend distributions relating to the Caret business unit will be advised separately.
Further details regarding potential special dividend distributions, including the amount and ratio will be provided when appropriate. There is no guarantee that any special dividend distributions will be made.
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
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As artificial intelligence moves from predictive analytics to autonomous execution, a new class of systems is entering the business mainstream: agentic AI. These intelligent agents, capable of reasoning, planning, acting, learning, and improving with minimal human oversight, are reshaping industries at a breathtaking pace.
With this speed, however, comes a thorny question: can innovation remain ethical when decision-making becomes machine-led?
Agentic AI can become both an accelerator of industrial innovation and a test case for corporate responsibility in an era of autonomous systems.
Agentic AI automates tasks – and thinks ahead. These agents combine machine learning, data analysis, and action through APIs to execute multi-step, non-trivial tasks previously reserved for human hands and minds. In doing so, they offer what businesses have long sought but rarely achieved: speed, scalability, and smarts, all rolled into one.
While early AI tools served as assistants, agentic AI systems behave more like delegated employees – tasked with solving problems, coordinating with other agents, and learning continuously. As a result, they’re already gaining traction in finance, logistics, insurance, healthcare, marketing, and cybersecurity.
The potential of agentic AI to accelerate innovation lies not only in its intelligence but in its autonomy. Organisations are already observing compressed development cycles, faster go-to-market times, and increased organisational agility.
Among the key drivers of this acceleration:
By redesigning workflows and reducing bottlenecks, agentic AI delivers not just efficiency but the conditions under which innovation can flourish.
According to Gartner, just under 1% of enterprise software incorporated agentic AI in 2024. By 2028, that number is forecast to surge to 33%. That’s a three-year leap from novelty to norm.
The financial implications are equally striking. Industry studies suggest agentic AI could automate up to 70% of office tasks by 2030, reduce operational costs such as transport by 30%, and dramatically increase enterprise adaptability in volatile markets.
Early adopters are already reaping the rewards. In logistics, autonomous agents track shipments and reroute them in real time. In finance, AI systems handle routine audits and flag anomalies before humans intervene. In drug discovery, agentic AI is helping collapse research timelines from years to months.
Yet behind this rapid progress lie deeper concerns. As AI’s autonomy increases, so do the risks. Not just to jobs or industries, but to accountability, fairness, and the very fabric of decision-making.
When an autonomous agent makes a mistake, such as a biased lending decision or a flawed medical recommendation, for example, who takes the fall? The developer? The deploying firm? The data provider? The opacity of many AI systems, especially large language models, makes such attribution murky at best. In legal terms, the “black box” is becoming a regulatory blind spot.
AI trained on flawed datasets will replicate, even amplify, social and institutional biases. From insurance to criminal justice, the consequences of AI-driven discrimination can be both widespread and insidious. With agentic AI making decisions without human checks, the potential for embedded bias becomes a critical risk vector.
The promise of autonomous action can lull organisations into sidelining human judgment. In fields like healthcare, transport, and defence, the stakes of ceding too much control are uncomfortably high. The mantra of “humans in the loop” must evolve into meaningful oversight mechanisms – not fig leaves.
Behind the slick interfaces and automated workflows lies another uncomfortable truth: the computing power behind agentic AI is considerable. Energy-hungry data centres and model training pipelines carry an environmental footprint that runs counter to many corporate ESG goals.
One recurring theme in AI discourse is the question of human displacement. Will agentic AI eliminate jobs?
The short answer: some. Roles built around repetitive, low-complexity tasks such as data entry, claims processing, or routine customer service are at highest risk. But the longer view suggests a shift, not a purge. Humans remain indispensable for judgment, context, empathy, and creativity. These are the very qualities agentic AI lacks.
The imperative, therefore, is not resistance, but reskilling. Ethical innovation means investing in human potential as much as technological capability.
Navigating the age of autonomous AI will require more than product roadmaps and IT budgets. It demands new frameworks for responsibility and governance.
That includes:
These are risk mitigations AND competitive advantages. As customers, regulators, and investors grow more attuned to ethical AI, companies that lead with transparency and responsibility will win trust in a volatile digital landscape.
By 2030, agentic AI is expected to underpin core operations in everything from finance and pharmaceuticals to logistics and legal services. It will reduce decision cycles to seconds, reframe how firms design services, and potentially reorder global labour markets.
But the agentic future is not a fait accompli. It is a choice: about how power, responsibility, and innovation are distributed in the corporate world.
For businesses navigating this frontier, the question is not just how fast they can deploy agentic AI, but how wisely. Because in the rush to move faster, the real opportunity lies in moving better.
As innovation accelerates, ethics must keep pace. Otherwise, businesses risk building a future no one will want to live in or work in.
For more news and insights, stay tuned to the Arowana website.
Energi Holdings proposes to acquire 51% of Tembo based on a total enterprise value of US$200 million
Parties now agree to work towards negotiating binding transaction documents with a view to early closing
Board concurrently evaluating special dividends and/or capital return to shareholders
VivoPower today announced that Energi Holdings Limited (Energi) has advised the Company of the completion of the second phase of due diligence in connection with the previously disclosed Tembo proportional acquisition at a total enterprise value of US$200 million.
Energi, headquartered in Abu Dhabi, is a global energy solutions company with US$1 billion in annual revenues and operations spanning the Middle East, Africa, South Asia, Europe, and Southeast Asia (Energi).
Consequently, both parties now agree to work towards negotiating a final transaction structure and binding transaction documents with a view to an early closing. In addition, the parties have agreed that completion of the Tembo merger with Cactus Acquisition Corp. 1 Ltd (CCTSF) with the intention to complete a separate public listing of Tembo is in the best interests of both parties.
In accordance with previous announcements, the VivoPower board will concurrently evaluate the optimal use of investment proceeds, which may include the return of capital or the payment of a special dividend to shareholders.
Disclaimer
There can be no assurance that these discussions will lead to a definitive agreement or that any potential transaction will be consummated. The Company reserves the right to terminate discussions at any time and for any reason, without liability. Consequently, there is no assurance that any return of capital or special dividends will be forthcoming. Furthermore, the record date is subject to change.
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
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VivoPower to leverage BitGo’s best-in-class OTC trading desk and custody platform to build digital asset treasury strategy
BitGo, the leading infrastructure provider of digital asset solutions, and VivoPower, a publicly traded company that recently announced transition to an XRP focused treasury and decentralized finance solutions company, today announced a strategic partnership. VivoPower, having successfully raised US$121 million, will leverage BitGo as an exclusive over-the-counter (OTC) trading desk to acquire XRP for its initial US$100 million acquisition of XRP tokens.
VivoPower will exclusively leverage BitGo for both the trading of its XRP holdings through BitGo’s 24/7/365 OTC trading desk and holding of its assets through BitGo’s best-in-class custody platform. As a result, VivoPower is expected to benefit from BitGo’s liquidity, robust execution capabilities, and secure cold storage infrastructure.
Kevin Chin, Executive Chairman and CEO of VivoPower, said: “VivoPower is committed to driving value for our shareholders by building out a leading digital asset treasury strategy—a mission we plan to accomplish through partnerships with best-in-class digital asset leaders like BitGo. BitGo’s track record, combined with its institutional-grade, secure-by-design custodial and trading infrastructure, makes them the clear choice to execute and safeguard our treasury allocation.”
Mike Belshe, CEO of BitGo, said: “VivoPower’s commitment to digital assets is a testament to the institutional momentum building around our ecosystem. We are proud to provide the comprehensive platform that companies like VivoPower need to enter the digital asset space with confidence—from seamless execution to industry-leading custody.”
The partnership underscores BitGo’s growing position not only as a trusted custodian, but also as a premier trading partner for institutions executing large block trades. BitGo’s OTC desk enables efficient access to deep, global liquidity pools and discreet execution of high-volume trades, all within a secure and compliant environment.
VivoPower has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for a public offering of its ordinary shares. Before you invest in the public offering, you should read the prospectus in that registration statement and other documents VivoPower has filed with the SEC for more complete information about the issuer and the public offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, VivoPower or Chardan, the placement agent for the public offering, will arrange to send you the prospectus if you request it by emailing [email protected] or [email protected].
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
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Revised enterprise value of US$200 million for 51% of Tembo e-LV is an increase versus the US$180 million enterprise value offered for 80% of the non affiliated shares of VivoPower
Energi will support Tembo’s business combination with Cactus Acquisition Corp 1 Limited at an equity valuation of US$838 million
VivoPower today announced it has received a revised non-binding proposal from Energi Holdings Limited (Energi) for a direct strategic acquisition of VivoPower’s subsidiary, Tembo e-LV B.V. (Tembo). This follows the announcement by VivoPower on 28 May 2025 in relation to its strategic capital raising and digital asset treasury strategy.
The revised proposal from Energi outlines an intention to acquire a 51% controlling stake in Tembo. This proposed acquisition is based on a total enterprise valuation for 100% of Tembo of US$200 million, with the equity purchase price for the 51% stake to be derived from this enterprise valuation, adjusted for Tembo’s net debt and other customary adjustments at the time of closing.
Energi has expressed its continued support for Tembo’s planned business combination with Cactus Acquisition Corp. 1 Limited (“CCTS”). Energi has indicated its preparedness to work constructively with VivoPower and Tembo to structure its investment to facilitate the successful completion of the business combination, envisioning rolling its 51% stake into the combined entity. VivoPower would continue to retain a significant shareholding in Tembo should the business combination be successfully consummated.
The Company is committed to optimizing its capital structure and delivering value to its shareholders. In line with this commitment, net proceeds received from strategic transactions, such as the potential partial sale of its interest in Tembo as contemplated by the Energi proposal, would be prioritized for uses including the retirement of debt. The VivoPower board of directors will continuously evaluate the best use of capital, including the potential return of any surplus funds thereafter to shareholders.
The revised proposal from Energi is non-binding and indicative. VivoPower is evaluating the proposal. It is subject to several conditions, including the satisfactory completion of due diligence by Energi, the negotiation and execution of mutually acceptable definitive legal documentation, approval from the VivoPower board of directors and any required VivoPower shareholder approvals.
There can be no assurance that any definitive agreement will be reached with Energi or that the proposed transaction will be consummated on the terms described, or at all. VivoPower does not intend to make any further announcements regarding this proposal unless and until it determines that further disclosure is appropriate or required.
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
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Capital raise led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia
Adam Traidman, former Ripple board member and CEO of SBI Ripple Asia, has also invested and joined as Chairman of the Board of Advisors
VivoPower believed to be first public company in the world executing on an XRP-focused digital asset treasury and decentralized finance strategy
Funds raised will be used to buy and hold XRP, building out the treasury and DeFi team, as well as for debt reduction and working capital
Energi takeover due diligence continuing with a focus on Tembo
VivoPower is pleased to announce that it has reached agreement with certain investors in relation to a private capital raise priced at US$6.05 per share, above the last market closing price of US$6.04 under Nasdaq rules. In connection therewith, the Company has entered into securities purchase agreements (Subscription Agreement) with the investors for the purchase and sale of an aggregate of 20,000,000 ordinary shares of the Company at a price of US$6.05 per share for aggregate gross proceeds of approximately US$121 million, before deducting placement agent fees and other offering expenses.
The private offering was spearheaded by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia with participation from a number of other prominent digital asset industry investors, institutions, as well as the investment office of VivoPower Chairman, Kevin Chin.
VivoPower is believed to be the first publicly listed company in the world to launch an XRP-focused digital asset treasury strategy that also encompasses the contribution to building out the XRPL ecosystem for real-world decentralized finance blockchain solutions. XRP is expected to be one of five digital assets that will be accumulated by the US Government as part of President Donald Trump’s recently announced Strategic Bitcoin Reserve and United States Digital Asset Stockpile.
His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, said: “We have been investors in the digital asset sector for a decade and have been long-term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out of the XRPL ecosystem. Furthermore, we are committed to the long-term partnership objective that we share with Kevin Chin and his team. We are honored to be leading this capital raising for a company that will be the first in the world executing on an XRP-focused treasury strategy. Having met with President Trump and his leadership group during their recent visit to Saudi Arabia, we believe the timing is appropriate for digital assets and blockchain technology to be rolled out in the Kingdom and we are delighted to be assisting VivoPower in this regard.”
Executive Chairman of VivoPower, Kevin Chin, said: “We are incredibly privileged to have His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia leading this transformational capital raising and are also pleased to welcome other digital asset industry investors joining in this round. As long-term holder of XRP myself, we all share a common vision and objectives with regards to how a publicly listed XRP-focused treasury company can be scaled for the benefit of the XRP community and VivoPower stakeholders alike. Furthermore, I am personally enthusiastic about the multiple real-world use cases that help resolve issues such as international wire payment friction, which we have experienced first-hand given the markets we operate in. We can see a number of potentials XRP blockchain solutions for our Tembo business and Caret Digital businesses. By way of update, we are now accelerating to complete the spin-offs of both Tembo and Caret Digital and will continue to engage with Energi to discuss next steps in relation to their takeover proposal.”
As part of the strategic move, Adam Traidman, former Ripple board member and co-founder of multiple blockchain ventures, is investing in the offering and joined VivoPower’s Board of Advisors as Chairman. Traidman said: “Having been involved with Ripple since its formative years, I’ve seen the strength and adaptability of the XRPL ecosystem. VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications. I look forward to contributing to the Company’s efforts in scaling its XRP presence.”
The closing of the offering is subject to the satisfaction of certain closing conditions, including receiving approval from VivoPower’s shareholders at a shareholder meeting, to be called by the Company, and the satisfaction of other customary closing conditions. The shareholder meeting is expected to take place on or around June 18, 2025. In addition, the consummation of the transactions contemplated hereby is conditioned upon the sale and purchase agreements (Subscription Agreements) not having been validly terminated in accordance with its terms, which include but are not limited to material adverse change for the Company including in relation to its securities, delisting or suspension of the Company’s shares and non-performance of obligations by either the Company or the investors.
The Company intends to use the majority of the funds raised to accumulate XRP and establish its XRP-focused treasury operations ,as well as to contribute and invest in the XRPL DeFi ecosystem. Funds raised will also be used to reduce debt and for general corporate purposes. The Company’s evolution into an XRP-focused digital asset treasury company reinforces the Company’s objective of spinning out its current operating subsidiaries, being Tembo (electric vehicle company) and Caret Digital (power-to-x digital asset mining company). Both are targeted to close before the end of Q3, CY2025. In addition, the Company will continue to engage with Energi Holdings Limited (“Energi”) on its takeover proposal, but with a view to redirecting the focus of the takeover towards Tembo.
Chardan acted as the sole placement agent in connection with the offering.
The private offering was made only to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). Any securities described in this press release have not been registered under the Securities Act and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) except in transactions registered under the Securities Act or exempt from, or not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or any other jurisdiction.
To read the full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
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