VivoPower International (VVPR) has released an update.
VivoPower International PLC, a Nasdaq-listed sustainable energy solutions company, has successfully amended and extended a US$34 million loan financing facility with AWN Holdings Limited, its major shareholder. This strategic financial move consolidates existing loans into a single tranche and extends the non-dilutive financing, thereby improving the company’s balance sheet. Additionally, AWN Holdings is granted an option to acquire shares in Tembo post a business combination, reflecting confidence in VivoPower’s growth and strategic transactions.
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