VivoPower Closes F-1 Offering, Raising $4M From Institutional Investors To Reduce Debt And Fund Inventory; Transition To Capital-Light Model Reduces Future Funding Requirements
VivoPower Closes F-1 Offering, Raising $4M From Institutional Investors To Reduce Debt And Fund Inventory; Transition To Capital-Light Model Reduces Future Funding Requirements
Issue of common stock only
仅发行普通股
Funds will be used to reduce debt and fund inventory for customer orders
资金将用于减少债务和为客户订单提供库存
Transition to capital light business model significantly reduces funding requirements
向资本轻模式转变显著降低了资金需求
LONDON, Sept. 30, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:VVPR) ("VivoPower"), a global sustainable energy solutions company, is pleased to announce it has closed its F-1 offering, after the issuance of an aggregate of 3,200,000 Ordinary Shares to institutional investors. The offering was terminated and closed after market on September 27, 2024.
伦敦，2024年9月30日（全球新闻社）—vivopower国际股份有限公司（NASDAQ:VVPR）（"vivopower"），一家全球可持续能源解决方案公司，很高兴宣布已经完成其F-1 offering，向机构投资者发行了共计3,200,000普通股。此次发行在2024年9月27日市场收盘后终止和关闭。
The offering provides the Company with approximately $4 million in gross proceeds, which will be used for reducing debt and to fund inventory for customer orders. With the Company now having transitioned to a capital light business model leveraging its strategic supply chain across Asia, there is no longer a requirement for it to build out assembly and manufacturing facilities.
该发行为公司提供了大约$400万的总收益，将用于减少债务和为客户订单提供库存。随着公司现在已经转向资本轻模式，利用其遍布亚洲的战略供应链，不再需要建立组装和制造设施。
Chardan acted as the sole placement agent in connection with this offering.
Chardan在此次发行中担任唯一的配售代理商。
