29/07/2026
VivoPower has secured a definitive US$50 million strategic PIPE at a US$7.50 per share conversion price.
The raising was led by Blue Sky Capital, a New York-based specialist investor in AI data centers and the first institutional investor in Nscale, alongside institutional investors from the US, UK, Europe and the Nordics, with Arctic Securities acting as sole placement agent. GCC-based family offices and entities associated with Executive Chairman and CEO Kevin Chin also participated on the same terms.
Net proceeds will fund the operational conversion of our Mo i Rana AI data center in Norway and reduce corporate debt — strengthening our balance sheet as we accelerate our transition toward powered land and AI data center infrastructure.
Read the full announcement at www.vivopower.com