VivoPower reduces debt by $7.5 million through share exchanges

VivoPower International PLC (NASDAQ: VVPR) reduced its liabilities by $7.5 million through agreements with lenders and suppliers to accept ordinary shares instead of cash payments, according to a company statement.

The debt-to-equity conversions involved selected lenders and suppliers who agreed to take VivoPower shares at recent offer issue prices rather than receive fiat currency payments. The issued shares are subject to lock-up conditions.

Company directors also elected to receive shares for certain board fees and costs. These director shares carry lock-up restrictions, except for a limited percentage that can be sold programmatically through a broker to cover tax liabilities under SEC rule 10b5-1.

VivoPower stated it aims to retire all debts, including an AWN shareholder loan with an unaudited principal balance of $28.8 million as of June 30, 2025. The company said a retirement program for this loan has commenced.

The London-based company described the initiative as part of efforts to strengthen its balance sheet and optimize its capital structure while maintaining financial capacity for growth strategies. Implementation remains subject to approval from independent directors and sufficient liquidity availability.

VivoPower operates globally across the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. The company has been listed on Nasdaq since 2016 and operates through two business units: Tembo, which focuses on electric fleet solutions, and Caret Digital, which specializes in renewable power applications including digital asset mining.

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