VivoPower Moves Forward with Direct NASDAQ Spin-Off of Caret Digital Valued at $308 Million

VivoPower's Strategic Spin-Off of Caret Digital

VivoPower International PLC (NASDAQ: VVPR) has announced an ambitious plan to spin off its subsidiary, Caret Digital, through a direct listing on the NASDAQ. This move aims for an impressive target valuation of
$308 million. Currently, the company is engaged in advanced discussions with strategic pre-IPO investors from the Middle East and Asia to secure as much as $50 million in investments.

In preparation for this spin-off, VivoPower has already assembled a dedicated management team for Caret Digital, which will focus primarily on digital asset mining. The company has identified renewable energy sources with costs below 3 cents per watt, which will aid in maintaining profitability as they ramp up operations.

Shareholders of VivoPower will benefit directly from this transition. For every share held as of a yet-to-be-determined record date, shareholders will receive five shares of Caret Digital. Post-spin-off, Caret Digital plans to continue its mining operations for DOGE (Dogecoin), with a strategic intention of converting these mined assets into XRP and Bitcoin (BTC).

VivoPower's CEO has expressed optimism regarding the scalability of Caret Digital's business model, particularly as the initial six-month phase of DOGE mining approaches completion. This approach not only leverages the current economic advantages of DOGE mining but also positions the new entity to use these mined digital assets efficiently, ultimately creating opportunities for improved yields and returns.

The planned spin-off is anticipated to adjust based on market conditions, and VivoPower has made it clear that there is no guarantee the transaction will proceed under the current terms. As it stands now, the company is moving forward with efforts to maximize shareholder value and responsiveness to market dynamics.

Interest in digital asset mining has surged, particularly since the election of former President Donald Trump and involvement from his family members in various digital asset-mining projects. This increase extends to nations where such activities were previously restricted, indicating a shifting landscape in the digital mining space.
Moreover, discussions regarding a range of strategic partnerships are already underway in Asia and the Middle East, reflecting a broader appetite for investment in digital asset mining ventures.

Under the leadership of Adam Traidman, the Chairman of the Board of Advisors for VivoPower, Caret Digital is building an experienced team focused solely on digital asset mining. Traidman has a solid track record of expanding mining operations for SBI Group, a leading financial conglomerate in Japan.

In anticipation of the share distribution for VivoPower shareholders, an announcement was made today specifying that at least ten calendar days advance notice would be provided before the so-called Ex-Date, in accordance with NASDAQ regulations. Again, while the outlined plans are ambitious, many external factors remain that could influence the ultimate execution of the spin-off.

In conclusion, VivoPower's strategic push towards the NASDAQ for Caret Digital represents a significant pivot towards capitalizing on renewable energy and digital asset mining. As the market continues to evolve, this transaction's impact on shareholders and the company's long-term vision beyond the spin-off will be observed closely. Further updates will be provided as developments unfold, keeping stakeholders informed about potential changes and opportunities associated with Caret Digital’s entry into the public market.