VivoPower begins $29 million debt repayment plan, shifting focus to XRP digital assets

VivoPower International PLC has approved a shareholder debt principal reduction plan, with an initial repayment made to AWN Holdings Limited for $28.8 million. The company aims to retire the AWN shareholder loan in full to strengthen its balance sheet and optimize its capital structure. VivoPower is transitioning into the world’s first XRP-focused digital asset enterprise, focusing on acquiring, managing, and holding XRP digital assets. The company operates globally with two business units, Tembo and Caret Digital, and aims to support decentralized finance infrastructure and real-world blockchain applications. Forward-looking statements were also made regarding future events and circumstances.

Read more at GlobeNewswire: VivoPower Commences $29 Million Shareholder Loan Financing