VivoPower International PLC (NASDAQ:VVPR, FRA:51J) said it has completed a $30 million strategic private investment in public equity (PIPE) to support the expansion of its AI-focused data center infrastructure business.
The investment was structured as convertible preference shares with a conversion price of $6.80 per share and a 6% annual payment-in-kind (PIK) coupon.
Investors in the PIPE include New York-based Blue Sky Capital, described by the company as an early investor in AI data centers globally, as well as sovereign family offices from the Gulf Cooperation Council region. VivoPower chairman Kevin Chin also participated in the financing.
VivoPower said the proceeds will be primarily used to scale its high-performance AI data center portfolio and for general working capital purposes.
The company said the $6.80 conversion price and 6% PIK coupon reflect long-term alignment with its “Sovereign AI” strategy, under which it aims to partner with sovereign nations and hyperscale operators to develop sustainable data center infrastructure.
Founded in 2014 and listed on Nasdaq since 2016, VivoPower is a B Corp-certified developer and owner of powered land and data center infrastructure. The company operates across the United Kingdom, Australia, North America, Europe, the Middle East and Southeast Asia, and positions itself as an independent partner for sovereign nations seeking to retain control over power, data and national intelligence infrastructure.