VIVO

Financial results for FY2026 are not reflective of full-year contribution from the Mo i Rana Data Center business

VivoPower PLC (NASDAQ:VIVO, FRA:51J) shares surged as much as 40% to $3.10 in early Wednesday trading after the company signed a heads of agreement with Open Innovation AI to develop secure sovereign AI data centers totalling at least 1 gigawatt over three years.  Investors appear to be responding to the scale of the opportunity.

VivoPower PLC (NASDAQ:VIVO, FRA:51J) and Open Innovation AI have signed a definitive heads of agreement to develop secure sovereign AI data centers, targeting at least 1 gigawatt of capacity over the next three years.  The partners will focus on the Nordics, mainland Europe, the Gulf Cooperation Council region and selected Asian countries.

Agreement signed at Sheikh Zayed Museum in Abu Dhabi pairs VivoPower's powered land and data center infrastructure capabilities with Open Innovation AI's sovereign AI orchestration and security platform.

VivoPower PLC (NASDAQ:VIVO, FRA:51J), the infrastructure developer, has mobilised construction on the first phase of a 40-megawatt AI data center at its Mo i Rana facility in northern Norway, with site works awarded to local contractor Øijord & Aanes Entreprenørforretning AS, a firm with more than 60 years of experience in the region. The company said demolition, enabling works and the main building superstructure will be delivered by Mo i Rana-based contractors before a specialist data center firm takes over for the full mechanical and electrical fit-out.

VivoPower PLC (NASDAQ:VIVO, FRA:51J) has fully retired the $28.8 million in shareholder debt it owed to AWN Holdings, eliminating the last of its principal obligation to the entity and sharpening its credit profile ahead of a planned AI data center buildout in Norway, according to a new analyst note from Noble Capital Markets. Of the total, $16.5 million was converted under the company's second PIPE offering, while the remaining $12.3 million was repaid in cash.

VivoPower PLC (NASDAQ:VIVO, FRA:51J) plans to spin off its non-Nordic AI data center assets into a new, independently capitalized company, the firm said on Monday. The new entity will be headquartered in Singapore and independently capitalized through a targeted pre-IPO round of institutional and sovereign investment, followed by a planned primary listing on the London Stock Exchange and a secondary listing on the Abu Dhabi Securities Exchange.

VivoPower team has assembled a non-Nordic portfolio and pipeline in excess of 2.2GW across the GCC and ASEAN regions through sovereign relationships in these markets

Vivo Power has wiped out the entire $28.8 million principal of a shareholder loan owed to a company controlled by Kevin Chin, its executive chairman and chief executive. The Nasdaq-listed developer of powered land and data centre infrastructure said the facility, extended by founding shareholder AWN Holdings, has been retired in two parts.

Transaction removes a long-standing balance sheet overhang, reduces interest burden and simplifies capital structure US$16.5 million retired through founder-led participation in recently closed US$50 million PIPE 2, with balance of US$12.3 million repaid concurrently from cash balances Balance sheet strengthening ahead of continued AI data center platform buildout LONDON, UK / OSLO, NORWAY, Aug. 03, 2026 (GLOBE NEWSWIRE) -- VivoPower PLC (Nasdaq: VIVO) (“VivoPower” or the “Company”), a leading B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today announced the complete retirement of US$28.8 million of shareholder debt principal previously owed to its founding shareholder, AWN Holdings Limited (“AWN”), an entity affiliated with Executive Chairman and Chief Executive Officer, Kevin Chin. Overview Complete retirement of US$28.8 million shareholder debt principal - 100% elimination of outstanding principal obligations to AWN US$16.5 million retired via PIPE 2 participation - AWN participated in the US$50 million PIPE 2 transaction announced on 29 July 2026, demonstrating founder alignment with UK, EU and Nordic-based institutional investors, committing to a minimum lock-up period of 6 months.