$VIVO deserves some love. 153% SI, AI datacenter play, 2.4 mil float, fundamental catalyst by June 30

Now that $LFVN isn’t completely overshadowing every other squeeze candidate on this sub, I think $VIVO deserves some love. (I am still holding some $LFVN, but have rotated most profits to $VIVO)

$VIVO is an insane squeeze candidate rn. This is the same setup as $APLD ($4 to currently $47) or $KEEL (<$1 to $6). Except this one has 2.4 mil free float, 3.6 mil shares short, and a binary catalyst by June 30. 143% of the free float is short!!!

They recently bought a fully operational 41.5MW datacenter in Norway (Apr 21) at \~4x EBITDA. 100% hydro at <$0.035/kWh; making it among the cheapest on earth. Flipped the whole company EBITDA-positive day one (\~$31M rev / $10M EBITDA). Expandable to 80MW+ pending regulatory approval.

AI tenants shortlisted, targeting a signed 10+ year lease by June 30. They rejected multiple premium buyout offers for the datacenter, they see ‘materially higher value’ with the $APLD/CoreWeave-style powered shell leases. At $APLDs \~$1.8M/MW/year, this puts revenue potential at \~$75M (or roughly double at 80MW).

In April they added a 23-yr Microsoft + ex-G42 (Abu Dhabi sovereign AI) exec to their advisory council. Coincidentally, a UAE family office recently bought 6.5 mil shares (23.6% of the company). Likely tenant either HUMAIN or other Saudi sovereign AI company.

Killed their ATM and $180M shelf, funded the entire datacenter acquisition with no equity raise. Recent PIPE was at $6.80, with a 6 month lock up ending in August. Immediate dilution risk is very low.

CEO recently converted 2.96 mil shares from Class A to Class B, pulling them out of the float. Board bought an additional 2.65 mil shares in Feb. Putting free float at roughly 2.4 mil shares. Shorts have no shares to cover into.

Bear thesis - company has had several pivots, from solar to EV to crypto to now AI. HOWEVER - I think this plays into why SI is so high. AI/datacenter sector is hot, the asset is already fully funded and operational. LOI by June 30th is incredibly likely

Long 7.5k shares and a ton of calls. Personal PT is $25+. NFA, I am highly regarded

VIVA LA VIVO!!!