VivoPower International PLC, a global developer and owner of powered land and data center infrastructure for AI compute applications, has successfully completed a US$30 million (A$42 million) private investment in public equity (PIPE).
Proceeds will be primarily deployed to scale the company’s high-performance AI data center portfolio and for general working capital purposes.
The PIPE is in the form of convertible preference shares with a $6.80 per share conversion price and a 6% annual Payment-in-Kind (PIK) coupon.
Investors include technology and infrastructure investors, including New York-based investment group Blue Sky Capital (BSC). Sovereign family offices in the GCC (Gulf Cooperation Council) region participated in the PIPE, as did VivoPower chairman Kevin Chin.
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower has a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia.
VivoPower’s business units include OGDC, a developer of sovereign-aligned, renewable-powered data center infrastructure supporting sovereign AI and digital compute workloads; Caret Digital, a renewable-powered digital infrastructure and Power-to-X solutions, including energy-intensive compute and data center applications; Tembo, a company offering electric mobility solutions for on- and off-road applications, supported by integrated charging, battery, and energy infrastructure; and Vivo Federation, the company’s digital asset and AI-enabled blockchain platform, focused on real-world applications and XRPL-based infrastructure.
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