Shares of VivoPower PLC (NASDAQ:VIVO, FRA:51J) surged 23.3% on Wednesday morning after the company announced it had terminated its $180 million Form F-3 registration statement.
The decision, effective immediately, means no further sales of ordinary shares will be made under the filing, originally dated before the end of December 2025.
VivoPower said the move reflects its commitment to a non-dilutive capital strategy and confidence in cash flow from operations, as well as alternative potential funding sources at the project level.
“Terminating the F-3 Registration Statement aligns with our strategy to preserve shareholder value and demonstrates our confidence in the company’s operational cash flow and project-level funding options,” VivoPower said in a statement.
Founded in 2014 and listed on Nasdaq since 2016, VivoPower is a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications. The company operates across the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia.
VivoPower’s infrastructure solutions aim to help sovereign nations maintain control over their energy and data assets while supporting the development of domestic AI intelligence hubs.