Nasdaq-Listed VivoPower (VVPR) Partners With Flare to Deploy $100M in XRP, Stock Up 9.8%, Ex-Dividend June 12
Nasdaq-listed VivoPower has entered into a strategic partnership with Flare Networks to deploy $100 million worth of XRP on Flare's blockchain. This initiative aims to generate institutional yield and increase VivoPower's XRP holdings. The move follows VivoPower's earlier $121 million plan to launch an XRP treasury strategy. VivoPower's stock (ticker: VVPR) saw a 9.8% increase in pre-market trading following the announcement. The company has also set its ex-dividend date for June 12, with market speculation about potential dividend payouts amid its $200 million enterprise value and approximately $190 million market capitalization.
Sources
CryptoSlate
.@Vivo_Power commits $100 million in XRP to @FlareNetworks to earn yield on treasury https://t.co/BNzGFKXbT7
ToffCap $VVPR set its ex-dividend date on June 12. OMG - is there really going to come cash out of this?? 👀👀 Curious to see how much. $200m EV, 49% stake, bit of debt... we could see max $70m divs. Don't think so, but on a $190m market cap.. https://t.co/h2fOkxHSKN
Open Outcrier $VVPR (+9.8% pre) VivoPower (VVPR) and Flare Launch Definitive Strategic Partnership to Deploy US$100 Million in XRP for Institutional Yield https://t.co/JT3ov6HPXU
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