VivoPower (VVPR) Prices 2.94M Share Offering at $8.50/Sh

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Go back to VivoPower (VVPR) Prices 2.94M Share Offering at $8.50/Sh

VivoPower Announces Pricing of $25.0 Million Underwritten Public Offering of Ordinary Shares

October 14, 2020 9:32 PM EDT

LONDON, Oct. 14, 2020 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (VivoPower or the Company), an international battery technology, electric vehicle, solar and critical power services company, today announced the pricing of an underwritten public offering of 2,941,176 of its ordinary shares at a price to the public of $8.50 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $25.0 million.  Maxim Group LLC is acting as sole book-running manager for the offering.

In addition, VivoPower has granted the underwriters a 45-day... More