Overview
- VivoPower signed a definitive agreement for KWeather to acquire economic rights to part of its Ripple Labs holdings, with VivoPower receiving a 20% KWeather stake valued at $4.3 million.
- The balance of VivoPower’s Ripple Labs shares is set to be acquired by South Korea’s Lean Ventures under a December 2025 partnership agreement.
- All Ripple-related transactions will be priced at market value and are subject to Ripple Labs’ approval process.
- VivoPower stated it will not add new digital assets and reported no aggregate realized or unrealized losses on its digital-asset positions.
- The company will advise KWeather on procuring Ripple shares, and its stock rose more than 16% in aftermarket trading following the announcement.