VivoPower has regained Nasdaq compliance with a minimum share price of $1.00 for 10 consecutive days.
Quiver AI Summary
VivoPower International PLC announced that as of December 10, 2024, it has regained compliance with Nasdaq's Listing Rules, having maintained a minimum closing stock price of $1.00 for 10 consecutive business days. Established in 2014 and publicly traded since 2016, VivoPower specializes in sustainable energy solutions focused on electric fleet applications and associated services, with operations in multiple countries including Australia, the U.S., and the U.K. The company aims to help clients achieve net-zero carbon status through its comprehensive decarbonization solutions. The release also includes forward-looking statements about the company's future performance and acknowledges the inherent risks and uncertainties that could affect actual results.
Potential Positives
- The company has regained compliance with Nasdaq Listing Rule 5550(a)(2) by maintaining a minimum bid closing price of $1.00 per share for 10 consecutive business days.
- This compliance reaffirms VivoPower's stability and adherence to stock market regulations, which may boost investor confidence.
- Regaining compliance potentially opens up new opportunities for investment and funding, which can support the company's growth initiatives in sustainable energy solutions.
- The press release highlights VivoPower's commitment to providing turnkey decarbonization solutions, aligning with global sustainability trends and market demands.
Potential Negatives
- The press release highlights that VivoPower only recently regained compliance with Nasdaq's minimum bid price requirement, suggesting potential volatility and previous financial instability.
- The mention of risks and uncertainties affecting VivoPower's business may raise concerns among investors about the company's future performance and stability.
- The need to issue a press release regarding compliance indicates a close call with regulatory requirements, which could harm investor confidence in the company's management and operations.
FAQ
What is VivoPower's recent compliance status with Nasdaq?
VivoPower has regained compliance with Nasdaq Listing Rule 5550(a)(2) by maintaining a minimum bid closing price of $1.00 for 10 consecutive business days.
When did VivoPower receive the Nasdaq compliance letter?
The company received the compliance letter from Nasdaq on December 10, 2024.
What areas does VivoPower operate in?
VivoPower operates in Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE.
What is the core purpose of VivoPower?
VivoPower's core purpose is to provide turnkey decarbonisation solutions, helping customers move towards net-zero carbon status.
When was VivoPower established and listed on Nasdaq?
VivoPower was established in 2014 and has been listed on Nasdaq since 2016.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VVPR Hedge Fund Activity
We have seen 6 institutional investors add shares of $VVPR stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 25,693 shares (-100.0%) from their portfolio in Q2 2024
- VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC added 7,236 shares (+55.0%) to their portfolio in Q3 2024
- UBS GROUP AG added 3,541 shares (+inf%) to their portfolio in Q3 2024
- ATRIA WEALTH SOLUTIONS, INC. added 2,765 shares (+15.2%) to their portfolio in Q3 2024
- VIRTU FINANCIAL LLC removed 871 shares (-6.5%) from their portfolio in Q3 2024
- EVERSOURCE WEALTH ADVISORS, LLC added 255 shares (+inf%) to their portfolio in Q3 2024
- MORGAN STANLEY added 67 shares (+134.0%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LONDON, Dec. 11, 2024 (GLOBE NEWSWIRE) --
On December 10, 2024, VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company's common stock has maintained a minimum bid closing price of $1.00 per share or greater for 10 consecutive business days. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2).
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower's core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Forward-Looking Statements
This communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
Contact
Shareholder Enquiries
shareholders@vivopower.com
