U.Today: VivoPower Discloses Ripple Equity Exit Arrangement, Remaining Transactions Not Completed as of November 2
U.Today cited VivoPower's annual report filed on November 2, 2026, stating that the company purchased 41,810 shares of Ripple Labs for $5 million in January. In April, Ripple conducted a targeted buyback, repurchasing 882 of these shares at $300 per share, totaling $264,600. VivoPower subsequently reached an agreement with South Korean companies KWeather and Lean Ventures to sell the economic rights of the remaining shares, but as of the report filing date, the relevant transactions had not been completed, and the remaining 40,928 shares are still subject to a one-year lock-up period. The $300 price was the historical transaction price for the aforementioned targeted buyback in April, and the report cannot state that the entire equity exit has been completed based on this.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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