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Nasdaq energy company soars 60% after consolidating shareholder loans and announcing merger

As of this writing, more than 15 million shares have changed hands. This is well above its average daily trading volume of about 1.2 million shares.

This news brings with it strong trading in VivoPower shares on Wall Street.

Reuters

The actions of VivoPower They rise this Wednesday by 60% and Extends rally after funding extension of loans to shareholders for US$34 million. The shares are trading at around US$4.10. The stock has more than doubled its value so far this year and before the market opens. had risen 101%.

The sustainable energy solutions company said the deal consolidates all of its shareholder loans at the VivoPower International PLC level, in addition to amending all outstanding loans.. Thus, investors are reacting to the agreement to extend the loan financing secured by the company.

The company also announced that it signed an agreement with its main shareholder. AWN Holdings Limited. This improves the balance of VivoPower as it prepares for a combination with Cactus Acquisition Corp 1 Limited, a Nasdaq-listed company.

$VVPR what the market analyzes

This news brings with it a strong trading of VivoPower shares on Wall Street. As of this writing, more than 15 million shares have changed hands. This is well above its average daily trading volume of approximately 1.2 million shares.

VivoPower International PLC is a company specializing in sustainable energy solutions. Its primary focus is providing renewable energy solutions and related services spanning solar power generation, energy storage and vehicle electrification, as well as sustainable energy project management. VivoPower seeks to contribute to the transition to a low-carbon economy by implementing technologies and services that promote energy efficiency and the use of renewable energy sources, according to its website.

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VivoPower shares shake Wall Street.

VivoPower shares shake Wall Street.

The company is also involved in combining its operations with other companies to expand its reach and capabilities in the sustainable energy solutions market. An example of this is its preparation for a combination with Cactus Acquisition Corp 1 Limited, which strengthens its position in the industry and improves its financial structure.

Source: Ambito

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