Internet reported that Nasdaq-listed energy company VivoPower International (VVPR) said on Wednesday that it has reached a $121 million private equity placement agreement to fund its transformation into XRP strategy to focus on digital assets. A spokesperson for the company said the financing was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud and invested $100 million. According to a filing with the Securities and Exchange Commission on Wednesday, the company plans to issue 20 million shares of common stock at $6.05 per share. Adam Traidman, a former SBI Ripple Asia executive, will join the company as chairman of the advisory board, according to a press release. VivoPower was founded in 2014 and said its goal is to become a listed company that develops a crypto funding strategy with XRP at its core.