02:03 PM EDT, 03/27/2025 (MT Newswires) -- VivoPower International ( VVPR ) said Thursday it has agreed to give Abu Dhabi-based Energi Holdings an eight-week exclusivity period to conduct due diligence over its takeover proposal.

The unsolicited takeover proposal is an all-cash offer for all non-affiliated free-float shares of VivoPower ( VVPR ) at a revised enterprise value of $180 million and is subject to due diligence, it said.

This represents an increase from $120 million, VivoPower ( VVPR ) added.

The shares were up over 28% in recent trading.

Price: 5.79, Change: +1.61, Percent Change: +38.52