NASDAQ-listed company VivoPower plans to spend $300 million to acquire shares of Ripple Labs

NASDAQ-listed company VivoPower (stock code: VVPR) is expanding its Ripple-related strategy through a new joint venture aimed at acquiring shares of Ripple Labs worth hundreds of millions of dollars, allowing investors indirect access to nearly $1 billion of underlying XRP assets.

The company announced on Tuesday that its digital assets division, Vivo Federation, has been commissioned by South Korean asset management company Lean Ventures to initially procure $300 million worth of Ripple Labs equity. Based on the current XRP price, VivoPower estimates that this equity represents approximately 450 million XRP tokens, valued at about $900 million. However, this structure does not directly purchase XRP. Instead, Lean Ventures plans to establish a dedicated investment vehicle to hold the Ripple Labs shares acquired by Vivo Federation, targeting institutional investors and qualified individual investors in South Korea.

VivoPower stated that it has obtained Ripple's approval to purchase the first tranche of preferred shares and is in discussions with existing institutional shareholders for further acquisition matters. Under this arrangement, VivoPower will not invest its own balance sheet funds but will earn revenue through management fees and performance sharing. If the initial $300 million commission scale is achieved, the company's goal is to realize a net economic return of $75 million within three years.

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