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VivoPower International PLC plans to acquire $100 million in Ripple shares and XRP tokens, marking a strategic move to diversify its corporate treasury. The investment follows a key SEC waiver that clears legal hurdles for Ripple’s fundraising efforts.
- VivoPower will acquire $100M in Ripple shares and 211M XRP tokens, becoming the first US public company to offer both to shareholders.
- The SEC granted Ripple a waiver from its 'bad actor' designation, enabling new fundraising without legal barriers.
- VivoPower avoids SPV-held Ripple shares to reduce fees and complexity, with quarterly audits for transparency.
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