SECsense Logo

VivoPower International PLC: Compliance Update Report (Form 6-K) January 2025

$VVPR
Form 6-K
Filed on: 2025-01-10
Source
VivoPower International PLC: Compliance Update Report (Form 6-K) January 2025

Here are the key insights extracted from the financial report (Form 6-K) from VivoPower International PLC:

  1. Company Identification:
  • Name: VivoPower International PLC
  • Ticker Symbol: VVPR
  • Principal Office Address: The Scalpel, 18th Floor, 52 Lime Street, London EC3M 7AF, United Kingdom
  • Contact Number: +44-203-667-5158
  1. Filing Details:
  • Date of Filing: January 10, 2025
  • Commission File Number: 001-37974
  • Type of Report: Form 6-K (Report of Foreign Private Issuer)
  1. Compliance Notification:
  • VivoPower received a notice from the Nasdaq Listing Qualifications Department indicating non-compliance with Nasdaq Listing Rule 5550(b)(1), which pertains to minimum stockholders’ equity, market value of listed securities, or net income requirements.
  • Deadline for Compliance Plan: The company has until February 17, 2025, to submit a plan for compliance.
  • VivoPower intends to submit the compliance plan by January 13, 2025.
  • The notice does not affect the company's current listing status on Nasdaq.
  1. Regulatory Compliance:
  • This report serves as public disclosure of the compliance notice, as required by Nasdaq Listing Rule 5810(b).
  1. Forward-Looking Statements:
  • The document includes forward-looking statements that are subject to risks and uncertainties that could affect actual results. Key risks include changes in business conditions, competition, and regulatory changes.
  1. No Offer or Solicitation:
  • The report does not constitute a solicitation of a proxy or an offer to sell/buy securities.
  1. Signatory:
  • The report is signed by Kevin Chin, Executive Chairman of VivoPower.

This report serves as a crucial update for stakeholders about the company's compliance status and the steps it plans to take to address the identified issues. It also emphasizes VivoPower's commitment to maintaining its Nasdaq listing while outlining the necessary actions to rectify compliance concerns.