VivoPower International plc has announced plans to spin off its subsidiary, Caret Digital, through a direct IPO on NASDAQ, aiming for a market capitalization of US$308 million. The spin-off will focus on digital asset mining, with an emphasis on mining DOGE and converting it to XRP and BTC. VivoPower shareholders will receive five Caret Digital shares for each share held, subject to a future record date. The company is in negotiations with strategic investors in the Middle East and Asia to raise up to US$50 million to support Caret Digital's growth. Renewable power sources have been identified to ensure operational efficiency.
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