BUZZ-VivoPower gains on Ripple Labs joint venture deal
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Shares of power infrastructure developer VivoPowerjump 13.7% to $2.89 as it announces a joint venture with South Korea’s Lean Ventures to invest in Ripple LabsThe partnership includes the establishment of a dedicated investment vehicle aiming to acquire $300 million worth of Ripple Labs preferred sharesVVPR projects a net economic return of $75 million over three years from management fees and performance carry under the agreementCo says it is in the final stages of due diligence on this transactionIncluding session’s moves, VVPR up 115.8% YTD
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