VivoPower International PLC announced on June 24, 2025, that it has set July 9, 2025, as the record date for determining eligibility to receive a special dividend related to the spin-off of Caret Digital Limited. Shareholders on record as of this date will be entitled to receive five Caret Digital shares for each VivoPower share held.
The Caret Digital subsidiary is slated to be spun off via a direct NASDAQ IPO, with a target market capitalization of US$308 million. Negotiations are ongoing with strategic pre-IPO investors in the Middle East and Asia for an investment of up to US$50 million to support Caret Digital's growth plans.
This announcement provides a clear timeline for shareholders to benefit from the value creation of the Caret Digital spin-off. Caret Digital's strategy involves developing renewable power infrastructure for high energy consumption use cases, including DOGE coin mining and conversion to BTC or XRP.
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