VivoPower Plans Share Offering with Chardan Capital Markets
Ticker: VVPR · Form: 6-K · Filed: Sep 23, 2024 · CIK: 1681348
| Field | Detail |
|---|---|
| Company | Vivopower International PLC (VVPR) |
| Form Type | 6-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.12, $1.25, $2.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: placement-agreement, share-offering, capital-raise
TL;DR
VivoPower is selling up to 10M shares via Chardan Capital Markets.
AI Summary
On September 17, 2024, VivoPower International PLC entered into a placement agency agreement with Chardan Capital Markets LLC. Chardan Capital Markets LLC will act as the exclusive placement agent on a best efforts basis for an offering of up to 10,000,000 ordinary shares, each with a par value of $0.12.
Why It Matters
This agreement signals VivoPower's intention to raise capital through the sale of its shares, which could fund future operations or expansion.
Risk Assessment
Risk Level: medium — Share offerings can dilute existing shareholders and their success depends on market conditions and investor appetite.
Key Numbers
- 10,000,000 — Ordinary Shares (Maximum number of shares to be offered in the placement)
- $0.12 — Par Value per Share (Nominal value of each ordinary share)
Key Players & Entities
- VivoPower International PLC (company) — Registrant
- Chardan Capital Markets LLC (company) — Placement Agent
- September 17, 2024 (date) — Date of Placement Agency Agreement
- 10,000,000 (dollar_amount) — Maximum number of ordinary shares to be offered
- $0.12 (dollar_amount) — Par value per ordinary share
FAQ
What is the purpose of the placement agency agreement?
The agreement appoints Chardan Capital Markets LLC as the exclusive placement agent to facilitate an offering of up to 10,000,000 ordinary shares for VivoPower International PLC.
Who is acting as the placement agent for VivoPower?
Chardan Capital Markets LLC is acting as the exclusive placement agent.
What type of securities are being offered?
The offering involves up to 10,000,000 ordinary shares of VivoPower International PLC, with a par value of $0.12 per share.
On what basis is the placement agent acting?
Chardan Capital Markets LLC is acting on a best efforts basis.
When was the placement agency agreement entered into?
The agreement was entered into on September 17, 2024.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 13.8 · Accepted 2024-09-23 17:27:39
Key Financial Figures
- $0.12 — 0,000 of its ordinary shares, par value $0.12 per share (the “Ordinary Shares&r
- $1.25 — o;Ordinary Shares”) at a price of $1.25 per Ordinary Share (the “Offering
- $2.3 million — roviding the Company with approximately $2.3 million in net proceeds after transaction expen
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex10-1.htm (EX-10.1) — 147KB
- ex10-2.htm (EX-10.2) — 22KB
- 0001493152-24-037854.txt ( ) — 191KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 23, 2024 VivoPower International PLC /s/ Kevin Chin Kevin Chin Executive Chairman