PANews reported on May 29 that according to CoinDesk, Nasdaq-listed energy company VivoPower International (VVPR) announced the completion of a $121 million private placement financing and will transform into a crypto asset reserve strategy centered on XRP. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led the $100 million investment, and former SBI Ripple Asia executive Adam Traidman will serve as chairman of the advisory board. According to SEC documents, the company plans to issue 20 million common shares at $6.05 per share.