VivoPower secures US$50 million PIPE at US$7.5 per-share conversion price
VIVO•US$50 million PIPE led by Blue Sky Capital
VivoPower secured a US$50 million PIPE led by Blue Sky Capital at a US$7.5 per share conversion price.
The deal is structured primarily as convertible preference shares converting into a fixed number of Class A ordinary shares; there is no variable share overhang.
Terms include a 6% annual PIK coupon, and the fixed-price warrants are set at a premium to market.
Proceeds are earmarked for the Mo i Rana AI data center conversion in Norway, alongside corporate debt reduction.
