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Vivakor, Inc.
Vivakor, Inc. has issued 878,255 shares of its common stock to convert $1,972,472.08 of the principal amount due under its junior secured convertible promissory note held by J.J. Astor. With this conversion, the company has fully satisfied its obligations under the note.…more
Vivakor, Inc.
Vivakor has entered into a non-binding Letter of Intent to acquire Direct Midstream for $40 million. Additionally, the company issued 128,965 shares of common stock upon the conversion of $350,000 in principal amount of its outstanding convertible promissory note.…more
Vivakor, Inc.
Vivakor, Inc. announced a 1-for-15 reverse stock split to maintain its listing on the Nasdaq Capital Market. The reverse split becomes effective at the market open on October 5, 2026, reducing the company's outstanding shares from approximately 8,981,898 to approximately 598,794.…more
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Vivakor Completes Due Diligence for $40M Acquisition
Vivakor has completed due diligence for its proposed $40 million acquisition of Direct Midstream and is moving toward a definitive agreement. The deal aims to expand the company's infrastructure in the Permian Basin, though it remains subject to final terms and conditions.…more
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Vivakor has completed its operator registration for the Houston Remediation Processing Center, moving closer to its goal of commercial operations in the first quarter of 2027. However, the facility still requires final regulatory approvals before it can begin contributing to the company's revenue.…more
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Vivakor has signed a non-binding letter of intent to acquire Direct Midstream, a Permian Basin-based energy infrastructure firm, for $40 million. The transaction remains in the preliminary stages subject to due diligence and a definitive agreement, with no guarantee of completion.…more
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