VivoPower International PLC announced on June 26, 2025, that it believes it has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of US$2.5 million in stockholders’ equity. This assessment is based on a pro forma stockholders’ equity of approximately US$20.0 million as of May 31, 2025.
This compliance follows the binding close of the first phase of the US$121 million private placement, which generated gross proceeds of US$60.5 million. The company had previously reported a stockholders’ equity deficit of US$40.5 million for the fiscal year ended June 30, 2024, and received a Nasdaq notification of non-compliance on January 3, 2025.
Nasdaq had granted an extension until July 2, 2025, for VivoPower to demonstrate compliance. The company's successful capital raise and subsequent accounting treatment have addressed this critical listing requirement, significantly reducing the risk of delisting and providing greater stability for investors.
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