VivoPower secures $30M PIPE at $6.80 conversion price

VivoPower (VVPR) International completed a $30M strategic private investment in public equity. The PIPE is in the form of convertible preference shares with a $6.80 per share conversion price and a 6% annual PIK coupon. Investors include leading technology and infrastructure investors, including New York-based investment group Blue Sky Capital. BSC is widely recognized as an early investor in AI data centers globally. In addition, leading sovereign family offices in the GCC region participated in the PIPE, as did VivoPower Chairman Kevin Chin. The PIPE investment, structured as convertible preference shares, is priced at $6.80 per share with a 6% annual PIK coupon to reflect long-term alignment with VivoPower’s Sovereign AI strategy. This premium is driven by the conviction that the Company’s expansion into AI infrastructure for sovereign nations and hyperscalers will unlock significant value creation. Proceeds will be primarily deployed to scale the Company’s high-performance AI data center portfolio and for general working capital purposes.