VivoPower Shares Rally 14% After Announcing $19 Million Equity Raise To Boost XRP Treasury — Stock Sees Slight Pullback Pre-Market

Benzinga

10/02

VivoPower International PLC (NASDAQ:VVPR) shares are marginally lower in Thursday's pre-market trading, following a double-digit surge on a $19 million equity raise to support its XRP (CRYPTO: XRP) ...

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The firm also aims to support the growth of XRP Ledger.In August, VivoPower announced acquiring $100 million of privately held shares of Ripple Labs, a company that extensively uses XRP and XRPL for its operations. Through this, it became the only U.S.-listed company to provide exposure to Ripple.Price Action: At the time of writing, XRP was exchanging hands at $2.97, up 3.85% in the last 24 hours, according to data from Benzinga Pro.VivoPower shares fell 0.78% in pre-market trading after closing 14% higher at $5.130 during Wednesday’s regular trading session. Year-to-date, the stock has soared 285%.The stock exhibited a very high Momentum score as of this writing. How does it compare with Strategy Inc. (NASDAQ:MSTR) and other cryptocurrency treasury companies? Visit Benzinga Edge Stock Rankings to find out.Loading...Loading...Read Next: \nXRP Spikes 5% As Whales Scoop Up $740 Million Worth Of Crypto: Open Interest, Trading Volume Also Jump\nPhoto courtesy: ShutterstockVVPRVivopower International PLC$5.191.17%Overview$XRPRipple - United States dollar$2.980.98%MSTRStrategy Inc$345.101.98%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}