VivoPower International PLC (NASDAQ:VVPR) shares are marginally lower in Thursday’s pre-market trading, following a double-digit surge on a $19 million equity raise to support its XRP (CRYPTO: XRP) treasury strategy.

VivoPower Raises Equity To Boost XRP Treasury

The stock slid 0.78% after-hours, a minor pullback after rallying 14% during Tuesday’s regular trading session.

The London-headquartered firm completed a $19 million equity raise through an additional common stock offering priced at $6.05 per share

The proceeds will be used to scale up its XRP treasury strategy and pay off debt, the company said in a press release.

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