Full Press Release Details
Vivopower Receives Notification of Recompliance with Nasdaq's
Minimum Bid Price Rule
December 11, 2024 (GLOBE NEWSWIRE)- On December 10, 2024, VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or
the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq")
indicating that the Company's common stock has maintained a minimum bid closing price of $1.00 per share or greater for 10 consecutive
business days. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2).
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.
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.