VivoPower rises on plans of Caret Digital spinoff
20/03/2025 13:43
** Shares of VivoPower VVPR.O up 5.4% at 78 cents ** Co plans to spin off of Caret Digital through direct listing on Nasdaq ** VVPR shareholders will be entitled to receive 5 shares of Caret Digital for each VVPR share held ** Co says implied market capitalization of Caret is $250 million ** Says Caret intends to raise $10 million from strategic investors as part of the transaction to support growth plans ** Up to last close, shares down 44.4% YTD (Reporting by Tanay Dhumal in Bengaluru) ((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))
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