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
Portfolio Pulse from Benzinga Newsdesk
VivoPower International PLC has successfully closed its F-1 offering, raising $4 million from institutional investors. The funds will be used to reduce debt and fund inventory, supporting a transition to a capital-light business model.
September 30, 2024 | 5:58 pm
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VivoPower International PLC raised $4 million through an F-1 offering, which will be used to reduce debt and fund inventory. The company is transitioning to a capital-light model, reducing future funding needs.
The successful F-1 offering provides VivoPower with $4 million, which will be used to reduce debt and fund inventory. This financial move supports the company's transition to a capital-light model, which is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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