Why Is VivoPower Stock Gaining Today?
VivoPower International PLC (NASDAQ:VVPR) shares traded higher on Friday after the company unveiled a major digital-asset joint venture tied to Ripple Labs.
The announcement highlighted a new investment structure designed to access private Ripple equity without deploying VivoPower’s own capital.
The agreement centers on a dedicated investment vehicle targeting Ripple Labs’ exposure through South Korean investors.
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Joint Venture Targets Ripple Exposure
VivoPower said its digital asset subsidiary, Vivo Federation, signed a definitive joint venture agreement with Lean Ventures.
Lean Ventures operates as a licensed asset manager based in Seoul.
The joint venture plans to establish a special-purpose investment vehicle. That vehicle aims to acquire and hold up to $300 …
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