VivoPower Spins Off 2.2GW Non-Nordic AI Data Center Platform, Retains Control
VIVO has more than doubled off its 52-week low of $1.2.
Summary
VivoPower's board approved a separate AI infrastructure platform to hold its 2.2GW non-Nordic data center portfolio across the GCC and ASEAN regions. The platform will be independently capitalized through a pre-IPO round and planned LSE/ADX listings, removing future construction capex from VivoPower's balance sheet. VivoPower retains de facto control via anchor shareholding and board representation, preserving shareholder upside without dilution. This sharpens VivoPower into a Nordic-focused pure-play while monetizing non-Nordic assets through sovereign capital. The move follows a series of strategic pivots toward AI data centers and a recent $50M PIPE financing. Watch for details on the pre-IPO round size and valuation.
At the time of this announcement, VIVO was trading at $5.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $81.8M. The 52-week trading range was $1.20 to $6.86. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.