VivoPower International PLC To File 20-F Annual Report and Fulfil NASDAQ Compliance Requirements
VivoPower International PLC (NASDAQ: VVPR) has announced it will file its 20-F Annual Report by November 29, 2024, meeting NASDAQ compliance requirements. The filing delay was attributed to significant strategic changes, including the sale of Aevitas critical power businesses and the Tembo business combination agreement with Cactus Acquisition Corp. 1 The company's management has also been focused on completing Tembo e-LV B.V.'s audited accounts for the Form F-4 Registration Statement. Following the 20-F filing, VivoPower will conduct its annual shareholder update call, with details to be released before December 6, 2024.
VivoPower International PLC (NASDAQ: VVPR) ha annunciato che presenterà il suo Rapporto Annuale 20-F entro il 29 novembre 2024, rispettando i requisiti di conformità di NASDAQ. Il ritardo nella presentazione è stato attribuito a cambiamenti strategici significativi, inclusa la vendita delle attività critiche di Aevitas e l'accordo di combinazione aziendale Tembo con Cactus Acquisition Corp. 1. La gestione dell'azienda si è inoltre concentrata sul completamento dei conti auditati di Tembo e-LV B.V. per la Dichiarazione di Registrazione del Modulo F-4. Dopo la presentazione del 20-F, VivoPower terrà una chiamata di aggiornamento annuale per gli azionisti, con i dettagli che saranno annunciati prima del 6 dicembre 2024.
VivoPower International PLC (NASDAQ: VVPR) ha anunciado que presentará su Informe Anual 20-F antes del 29 de noviembre de 2024, cumpliendo con los requisitos de conformidad de NASDAQ. El retraso en la presentación se atribuyó a cambios estratégicos significativos, incluida la venta de los negocios críticos de Aevitas y el acuerdo de combinación empresarial de Tembo con Cactus Acquisition Corp. 1. La dirección de la empresa también se ha concentrado en completar las cuentas auditadas de Tembo e-LV B.V. para la Declaración de Registro del Formulario F-4. Después de la presentación del 20-F, VivoPower llevará a cabo su llamada de actualización anual para los accionistas, con detalles que se anunciarán antes del 6 de diciembre de 2024.
VivoPower International PLC (NASDAQ: VVPR)는 2024년 11월 29일까지 20-F 연례 보고서를 제출할 것이라고 발표했으며, NASDAQ의 준수 요구 사항을 충족합니다. 제출 지연은 Aevitas의 중요한 전력 사업 매각 및 Cactus Acquisition Corp. 1과의 Tembo 비즈니스 결합 계약을 포함한 중대한 전략적 변화 때문입니다. 회사의 경영진은 또한 F-4 등록신청서를 위한 Tembo e-LV B.V.의 감사 계정을 완료하는 데 집중해 왔습니다. 20-F 제출 후 VivoPower는 연례 주주 업데이트 전화를 진행할 예정이며, 구체적인 내용은 2024년 12월 6일 이전에 발표됩니다.
VivoPower International PLC (NASDAQ: VVPR) a annoncé qu'elle déposera son Rapport Annuel 20-F d'ici le 29 novembre 2024, en respectant les exigences de conformité de NASDAQ. Le retard dans le dépôt a été attribué à des changements stratégiques significatifs, notamment la vente des activités critiques d'Aevitas et l'accord de combinaison commerciale de Tembo avec Cactus Acquisition Corp. 1. La direction de l'entreprise s'est également concentrée sur l'achèvement des comptes audités de Tembo e-LV B.V. pour la Déclaration d'Enregistrement Formulaire F-4. Après le dépôt du 20-F, VivoPower tiendra sa conférence annuelle de mise à jour des actionnaires, dont les détails seront publiés avant le 6 décembre 2024.
VivoPower International PLC (NASDAQ: VVPR) hat angekündigt, dass es seinen 20-F Jahresbericht bis zum 29. November 2024 einreichen wird, um die Anforderungen an die NASDAQ-Compliance zu erfüllen. Die Verzögerung der Einreichung wurde auf erhebliche strategische Veränderungen zurückgeführt, einschließlich des Verkaufs der kritischen Power-Geschäfte von Aevitas und des Kombinationsgeschäfts von Tembo mit Cactus Acquisition Corp. 1. Das Management des Unternehmens hat sich außerdem darauf konzentriert, die geprüften Konten von Tembo e-LV B.V. für die F-4 Registrierungsanmeldung abzuschließen. Nach der Einreichung des 20-F wird VivoPower eine jährliche Aktualisierung für die Aktionäre durchführen, deren Einzelheiten vor dem 6. Dezember 2024 veröffentlicht werden.
- Company confirms compliance with NASDAQ filing requirements
- Strategic restructuring through sale of Aevitas businesses
- Business combination agreement for Tembo subsidiary in progress
- Delayed filing of Form 20-F annual report
- Multiple strategic changes causing operational delays
Insights
This regulatory filing update carries significant implications for VVPR's market status. The company's commitment to file its 20-F by November 29 is important for maintaining NASDAQ compliance. The delay stems from major strategic shifts including the Aevitas business sale and Tembo's business combination agreement, which require complex financial reporting and auditing procedures.
With a micro-cap valuation of just
VivoPower is on target to file its 20-F by November 29, 2024, and fulfil compliance with NASDAQ 20-F filing requirements
20-F filing delay has been due to material strategic changes, including sale of Aevitas businesses, the Tembo business combination agreement, and other previously announced strategic updates
Upon filing its 20-F Annual Report, the Company will then be able to deliver its annual shareholder update call
LONDON, Nov. 25, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: “VVPR”) (the “Company” or “VivoPower”) is on track to file its Annual Report on Form 20-F for the fiscal year ending June 30, 2024, no later than November 29, 2024, in compliance with NASDAQ’s filing requirements.
The delay in filing the Form 20-F has been primarily due to significant strategic changes, including the sale of the Aevitas critical power businesses, the business combination agreement involving Tembo e-LV B.V. and Cactus Acquisition Corp. 1 Ltd., and other previously announced updates. Additionally, the Company’s management and auditors have been focussed on completing the audited accounts for Tembo e-LV B.V. (“Tembo”), a subsidiary of VivoPower, which are required to be included in the Registration Statement on Form F-4 to be filed in connection with Tembo’s business combination with Cactus Acquisition Corp. 1 Ltd.
VivoPower anticipates filing the Form 20-F no later than November 29, 2024.
Upon filing the Form 20-F Annual Report, the Company will be able to proceed with its annual shareholder update call. Details of the call will be provided separately and will be available on the Company’s website. VivoPower aims to release this information before Friday, December 6, 2024.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Forward-Looking Statements
This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
Contact
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shareholders@vivopower.com
FAQ
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