Vivakor (VIVK)
Search documents
Vivakor Enters Forbearance Agreements with Convertible Noteholders, Extending Maturities to 2027
Globenewswire· 2026-02-09 14:00
Core Viewpoint - Vivakor, Inc. has entered into forbearance agreements with eight investors to extend the maturity of its convertible promissory notes until January 2027, revising payment terms to support compliance with Nasdaq listing standards [1][2][4]. Group 1: Forbearance Agreements - The forbearance agreements allow noteholders to refrain from exercising default remedies, contingent on Vivakor's compliance with the amended terms [2]. - The agreements extend the maturity of the notes to January 2027 and establish revised payment schedules requiring scheduled cash payments through maturity [2]. Group 2: Company Strategy and Financial Position - Vivakor's CEO stated that these agreements provide additional time to address near-term obligations and align the capital structure while working to restore Nasdaq listing [3]. - The company is supported by a non-binding Letter of Intent to sell its midstream business and transportation assets for approximately $36 million, based on $4.56 million in annual EBITDA [3]. - The agreements reduce near-term maturity and conversion pressure while the company works to regain compliance with Nasdaq listing standards [3]. Group 3: Operational Context - Vivakor is an integrated provider of energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [6]. - The company aims to develop, acquire, and operate assets in the energy sector, providing services under long-term contracts [6].
Vivakor Signs Letter of Intent to Sell its Midstream Business in Oklahoma STACK Play for $36 Million to Olenox Industries
Globenewswire· 2026-02-02 13:30
Core Viewpoint - Vivakor, Inc. has announced a non-binding Letter of Intent to sell its midstream business and transportation assets to Olenox Industries for approximately $36 million, which is expected to strengthen Vivakor's balance sheet and allow a focus on its core businesses [1][3]. Group 1: Transaction Details - The transaction is valued at approximately $36 million and will be paid through a combination of cash, promissory notes, and stock, based on an annual EBITDA of $4.56 million [2]. - The parties are targeting a closing date on or before March 31, 2026, subject to customary closing conditions [4]. Group 2: Business Operations - Vivakor operates the Omega pipeline system, which serves the Oklahoma STACK play, providing crude oil gathering, transportation, terminaling, and pipeline connectivity [2][3]. - CPE Gathering, a subsidiary of Vivakor, operates the Omega system, which is designed to generate fee-based cash flows and reduce costs for producers [3]. Group 3: Strategic Implications - The sale is expected to complement Olenox's strategy by expanding its addressable market and increasing fee-based, predictable revenue through integrated services [3]. - The transaction is anticipated to generate operational synergies by aligning midstream logistics with Olenox's field services, thereby lowering per-well costs and improving uptime [3]. Group 4: Company Profiles - Olenox Industries is a vertically integrated energy company operating in oil and gas, energy services, and energy technologies, focusing on optimizing underdeveloped assets [5]. - Vivakor is an integrated provider of sustainable energy services, operating one of the largest fleets of oilfield trucking services in the U.S., with a mission to develop and operate energy sector assets [6].
EXCLUSIVE: Olenox Looks To Acquire Vivakor's Midstream Assets
Yahoo Finance· 2026-01-29 13:31
Core Viewpoint - Olenox Industries Inc. has signed a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. for approximately $36 million [1] Group 1: Acquisition Details - The acquisition will be financed through a combination of cash, promissory notes, common, and preferred stock [3] - The deal is based on an annual EBITDA of $4.56 million, supported by a take-or-pay guarantee from Vivakor [3] - CPE Gathering operates the Omega system, which provides crude gathering, transportation, terminaling, and pipeline connectivity in the STACK region of Oklahoma [3] Group 2: Strategic Implications - Olenox aims to strengthen its core brands and build a unified energy, technology, and infrastructure platform through an acquire-and-integrate strategy [5] - The acquisition is expected to expand Olenox's serviceable market and enhance predictable, fee-based revenue through integrated gathering and terminaling [5] - Operational synergies are anticipated by aligning midstream logistics with field services, which will reduce per-well costs and improve uptime [5] Group 3: Management Perspective - Michael McLaren, CEO of Olenox, stated that the acquisition would enhance the company's presence in the STACK region and position the assets for continued development under an integrated operating model [6]
Olenox Industries Signs Letter of Intent to Acquire Vivakor’s Midstream Business in Oklahoma STACK Play
Globenewswire· 2026-01-29 13:30
Core Viewpoint - Olenox Industries Inc. has announced a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. for approximately $36 million, which is based on an annual EBITDA of $4.56 million [1][2]. Group 1: Acquisition Details - The transaction will be financed through a combination of cash, promissory notes, common and preferred stock [2]. - The acquisition is expected to close on or before March 31, 2026, pending customary closing conditions [5]. Group 2: Strategic Importance - The acquisition of CPE Gathering is aimed at expanding Olenox's presence in the STACK region and enhancing its integrated operating model [3]. - CPE Gathering operates the Omega system, which provides critical midstream services including crude gathering, transportation, terminaling, and pipeline connectivity, thereby generating fee-based cash flows [3][4]. - This move aligns with Olenox's acquire-and-integrate strategy, which seeks to build an integrated energy, technology, and infrastructure platform, increasing predictable revenue and reducing exposure to commodity volatility [4]. Group 3: Company Overview - Olenox Industries is a vertically integrated energy company with operations in Oil and Gas, Energy Services, and Energy Technologies, focusing on optimizing underdeveloped oil and gas assets while supporting field operations with specialized services [6].
Vivakor Resets Payment Date of Special Dividend to April 30, 2026
Globenewswire· 2025-12-30 22:36
Core Viewpoint - Vivakor, Inc. has announced a rescheduled payment date for its special dividend to shareholders, now set for April 30, 2026, due to delays in required filings with the U.S. Securities and Exchange Commission [1][2]. Group 1: Special Dividend Announcement - The payment date for the special dividend has been adjusted to April 30, 2026, to allow time for necessary filings with the SEC [1][2]. - The special dividend will be distributed to holders of record of Vivakor common shares as of September 5, 2025, which is the previously announced ex-dividend date [3]. Group 2: Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [5]. - The company currently holds 206,595 shares of Adapti, Inc., which has recently acquired a sports agency to integrate with its AdaptAI software platform [4].
Vivakor Signs Letter of Intent to Acquire Coyote Oilfield Services, Expanding Integrated Midstream Capabilities
Globenewswire· 2025-12-22 13:30
Core Viewpoint - Vivakor, Inc. has signed a non-binding letter of intent to acquire Coyote Oilfield Services, aiming to enhance its midstream capabilities and provide integrated infrastructure solutions across the energy value chain [1][2]. Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [6]. - The company’s facilities offer crude oil storage, transportation, and remediation services under long-term contracts [6]. Acquisition Details - The acquisition of Coyote Oilfield Services is expected to significantly expand Vivakor's midstream capabilities by integrating expertise in pipeline development, terminal operations, and energy marketing [2][3]. - Coyote is recognized for its growth-oriented approach in energy infrastructure and logistics, with a strong track record in designing and operating crude oil pipeline and terminal assets [3]. Strategic Benefits - The acquisition is anticipated to enhance Vivakor's ability to optimize volumes and improve asset utilization, thereby strengthening relationships with producers, marketers, refiners, and end-use customers [4]. - Coyote's marketing capabilities and established industry relationships are expected to deepen Vivakor's market presence and customer engagement [4]. Leadership Insights - Vivakor's CEO, James Ballengee, expressed enthusiasm about the partnership, highlighting the operational and commercial strengths that Coyote brings to enhance Vivakor's midstream platform [5]. - Coyote's CEO, Michael Duffy, emphasized the strategic fit of the acquisition, noting that it will allow for more efficient project delivery and better support for customers in key energy markets [5]. Timeline - The parties involved are working towards definitive agreements, with a targeted closing date on or before February 28, 2026, subject to customary conditions [5].
Vivakor (VIVK) Stock Jumps 41% After Hours— What's Going On? - Vivakor (NASDAQ:VIVK)
Benzinga· 2025-12-18 09:40
Core Viewpoint - Vivakor Inc. experienced a significant stock surge of 40.98% to $0.072 in after-hours trading following the disclosure of regulatory and financial developments [1] Group 1: Regulatory Developments - The company received a notice from Nasdaq's Listing Qualifications Department for failing to comply with Listing Rule 5635(d), which mandates shareholder approval for transactions issuing 20% or more of outstanding shares below the minimum price [2] - This determination is based on two registered direct offerings in October, where 10,909,090 shares were issued at $0.22 on October 24, and 10,600,000 shares at $0.18 on October 30 [2] - Vivakor has 45 calendar days to submit a compliance plan, and if accepted, Nasdaq may grant extensions of up to 180 days [3] Group 2: Financial Developments - The company received eight conversion notices from lenders, converting $507,172.86 of amounts owed into 15.42 million common shares, with the original notes issued in June totaling an aggregate principal of $5.11 million [4] Group 3: Trading Metrics - The stock's Relative Strength Index (RSI) is at 26.39, indicating a persistent bearish trend, with a 95.64% drop over the past 12 months [5] - Vivakor's market capitalization stands at $9.02 million, with a 52-week trading range between $0.05 and $1.49, currently trading at just 0.07% of its 52-week range [5] - The stock closed regular trading down 14.57% at $0.051, reflecting a negative price trend across all time frames [6]
Vivakor Reaches $65 Million in Debt Reduction Year-to-Date 2025
Globenewswire· 2025-12-11 13:30
Core Insights - Vivakor, Inc. has achieved approximately $65 million in total debt reduction year-to-date in 2025, enhancing its balance sheet strength and financial flexibility [1][2][3] Debt Reduction Details - The debt reduction was primarily driven by the strategic divestiture of non-core assets in July, which generated approximately $11 million in net consideration and eliminated roughly $59 million of debt [2] - Following the divestiture, Vivakor executed targeted restructuring and conversion to equity transactions, resulting in an additional $6 million of debt reduction [2] Management Commentary - The Chairman and CEO, James Ballengee, emphasized that reducing debt and strengthening the capital structure has been a central focus throughout 2025, marking the $65 million debt reduction as a critical milestone for long-term operational and financial success [3] - The recent $11.2 million registered direct offering with D. Boral Capital LLC is expected to bolster working capital and support the company's financial strategy [3] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [4]
Vivakor Expands Business into Mexico with Agreement for Fully Compliant International Fuel Trade
Globenewswire· 2025-12-04 13:30
Core Insights - Vivakor, Inc. has executed its first international fuel transaction into Mexico through its commodities trading platform, Vivakor Supply & Trading (VST), marking a significant milestone in its expansion into international fuel markets [2][3][4] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, operating fleets of oilfield trucking services in the continental United States [5] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector, providing services under long-term contracts [5] International Expansion - The transaction into Mexico signifies VST's initial entry into cross-border refined product markets, showcasing the company's capability to expand beyond domestic crude oil and LPG operations [3][4] - Vivakor's international growth strategy is bolstered by its integrated midstream infrastructure, regulatory processes, and specialized trading capabilities, ensuring compliance and auditable operations [3][4] Revenue Recognition - VST anticipates recognizing revenue based on its role as an intermediary within the supply chain once the transaction is executed, with actual revenue varying depending on market conditions and transaction structure [4]
Vivakor Announces Special Shareholder Meeting to be Held on December 22, 2025
Globenewswire· 2025-11-28 14:00
Core Points - Vivakor, Inc. will hold a Special Meeting of the Shareholders on December 22, 2025, at 10:00 a.m. CST in Dallas, Texas [1] - The record date for stockholders entitled to vote at the meeting is November 26, 2025 [2] - Proxy materials will be mailed to stockholders on or about December 10, 2025 [3] Company Overview - Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating fleets of oilfield trucking services in the continental United States [4] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector [4] - Vivakor's facilities provide crude oil gathering, storage, transportation, reuse, and remediation services under long-term contracts [4] - The company also operates oilfield waste remediation facilities to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [4]