VivoPower International (VVPR) has released an update.
VivoPower International PLC has engaged Chardan Capital Markets, LLC as the exclusive placement agent for the sale of up to 2.2 million ordinary shares at $1.25 each. The agreement includes a nine-month exclusive investment banking services deal post-Closing Date, with a right of first refusal for the Placement Agent. Compensation for Chardan’s services will be 6.5% of the gross proceeds from the share sale.
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