VVPR May See Action Soon – Major Business Update
VivoPower International PLC (NASDAQ: VVPR) is an international battery technology, electric vehicle, solar, and critical power services company whose core purpose is to deliver sustainable energy solutions to its customers.
Key Takeaways
Recently, Executive Chairman and CEO, Kevin Chin, increased his shareholding in the Company by a net total of 100,000 shares, approximately 2.7% of the undiluted number of issued and outstanding shares of the Company.
Investment commitment secured from private investment office backed by member of ruling Al Maktoum family of Dubai. Initial US$7.5m investment milestones previously met as part of US$10 million commitment. Tembo (subsidiary) has now met milestones to qualify for the final follow-on investment of US$2.5 million, for an aggregate total investment of US$10 million.
The stock is consolidating at the breakout point and may move towards $5, if sustain above $3.70. The stock had a big move in April when it went up $1.45 to $6.50. So it might fill that gap again to $9.90 from April.
