Vivakor (VIVK)
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Vivakor’s Trading Platform Launches Full-Scale Operations with $24 Million Commodity Transaction
Globenewswire· 2025-10-30 12:30
Core Insights - Vivakor, Inc. has initiated its first major commodity transaction through its trading platform, Vivakor Supply & Trading, marking a significant milestone for the company [1][4] - The transaction involves a $24 million crude oil deal, which is expected to enhance the company's logistics and midstream asset integration [4] - The trading platform aims to generate substantial revenue as it scales operations under long-term credit facilities, recognizing approximately 1% of the contract value [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 [5] - The company’s facilities support crude oil storage, transportation, and remediation services under long-term contracts, contributing to its operational capabilities [5] Operational Capabilities - Vivakor Supply & Trading is responsible for arranging transportation, logistics, and sales for commodities, leveraging the company's midstream logistics capabilities, including a trucking fleet and terminal facilities [2] - The platform's first transaction allows for active crude oil marketing in the Permian Basin, utilizing various midstream assets for integrated service delivery [3]
Vivakor Announces Pricing of $3.5 Million Registered Direct Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2025-10-24 17:40
Core Viewpoint - Vivakor, Inc. has announced a registered direct offering of common stock and pre-funded warrants, aiming to raise approximately $3.5 million in gross proceeds, with the closing expected around October 27, 2025 [1][3]. Group 1: Offering Details - The company is entering into securities purchase agreements with a single institutional investor for the sale of 10,909,090 shares of common stock and 5,000,000 pre-funded warrants [1]. - D. Boral Capital LLC is acting as the exclusive placement agent for this offering [2]. - The offering is conducted under a "shelf" Registration Statement on Form S-3, which was declared effective by the SEC on February 10, 2023 [3]. Group 2: Company Overview - Vivakor operates in two main business segments: crude oil transportation services and facility services for terminaling and storage of crude oil and its byproducts [4]. - The transportation services include trucking and pipeline transportation of crude oil, primarily in active regions such as Colorado's DJ Basin, Central Oklahoma's STACK play, and the Permian and Eagle Ford Basins in Texas [5]. - The company utilizes a crude oil trucking fleet to transport oil to facilities for blending waste streams and off-spec grades, with each new oil well in the Permian Basin producing approximately 1,300 barrels of crude oil or more per day [5].
Vivakor to Present at ThinkEquity Investor Conference on October 30, 2025
Globenewswire· 2025-10-24 12:00
Company Highlights - Vivakor, Inc. recently closed a $40 million credit facility aimed at expanding its crude oil trading platform [1] - The company will present at the ThinkEquity conference on October 30, 2025, where its Chairman, President, and CEO James Ballengee will discuss company highlights [3][5] - Vivakor operates one of the largest fleets of oilfield trucking services in the continental United States, focusing on sustainable energy solutions [5] Conference Details - The ThinkEquity conference will host over 700 public company advisors, institutional investors, and presenting companies, featuring one-on-one meetings, company presentations, and panel discussions [2] - Vivakor is available for one-on-one meetings with institutional analysts and investors during the conference [3] Company Overview - Vivakor is an integrated provider of energy transportation, storage, reuse, and remediation services, with a mission to develop and operate assets in the energy sector [5] - The company is working on oilfield waste remediation facilities to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [6]
Why Did Vivakor Shares Jump 40% In Pre-Market? - Vivakor (NASDAQ:VIVK)
Benzinga· 2025-10-24 08:43
Core Viewpoint - Vivakor Inc. announced a $40 million commodity intermediation credit facility, leading to a significant increase in its stock price by 40.51% in pre-market trading [1][2]. Group 1: Credit Facility Details - The credit facility serves as a working capital and credit support arrangement for physical crude oil transactions conducted by Vivakor Supply & Trading LLC [2]. - The wholesaler involved will provide various forms of credit support, including letters of credit, surety bonds, cash deposits, and guarantees to sellers of physical commodities [2]. - The facility is structured as a one-year arrangement offering up to $40 million in combined credit support [2]. Group 2: Management Insights - The transaction took over a year to finalize and effectively launches Vivakor's trading platform, according to CEO James Ballengee [3]. - The initiative is expected to enhance the company's ability to manage supply chain commodity flows and integrate volumes across its trucking fleet and facilities, driving immediate revenue [3]. - CFO Kimberly Hawley noted that the facility significantly strengthens the company's liquidity position and provides flexibility for scaling trading and logistics operations [3]. Group 3: Stock Performance - Vivakor, Inc. has a 52-week stock price range of $0.18 to $1.74 and a market capitalization of $22.42 million [4]. - The stock has experienced a decline of 81.01% over the past year [4]. - Current stock trends indicate a negative price trend across all time frames according to Benzinga's Edge Stock Rankings [4].
Vivakor Closes $40 Million Commodity Intermediation Facility
Globenewswire· 2025-10-23 12:39
Core Insights - Vivakor, Inc. has closed a $40 million commodity intermediation credit facility to support the expansion of its crude oil trading platform [1][4][5] - The facility will provide credit support for physical crude oil transactions conducted by Vivakor Supply & Trading, LLC [2][5] - The initiative aims to enhance supply chain management, integrate logistics, and drive revenue growth while diversifying crude oil marketing operations [5] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services [6] - The company focuses on developing and operating assets in the energy sector, including crude oil storage and waste remediation [6] Facility Details - The credit facility has a one-year term and offers up to $40 million in combined credit support [4] - It includes various forms of credit support such as letters of credit, surety bonds, and cash deposits [2] Operational Responsibilities - Vivakor Supply & Trading, LLC will manage transportation, logistics, and sales coordination for purchased commodities [3] - The company plans to utilize its midstream logistics capabilities, including a trucking fleet and terminal facilities [3]
Vivakor Signs Term Sheet for $40M Commodity Intermediation Credit Facility to Support Crude Oil Trading
Yahoo Finance· 2025-10-22 11:41
Core Insights - Vivakor Inc. has signed a non-binding term sheet for a $40 million commodity intermediation credit facility to support its crude oil trading platform [1][3] Group 1: Agreement Details - The agreement involves a wholesaler acting as an intermediary for Vivakor Supply & Trading, LLC, providing credit support for physical crude oil transactions [2] - The credit support may include letters of credit, surety bonds, cash deposits, and/or guarantees [3] Group 2: Operational Structure - Vivakor operates in the oil and gas industry, focusing on technologies and assets in the US and Kuwait [4] - The company manages logistics services and terminaling & storage products and services [4] Group 3: Future Expectations - Vivakor plans to utilize midstream logistics capabilities, including its trucking fleet and network of crude oil stations and terminal facilities [3]
Vivakor Announces Approximately $5.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-10-16 15:45
Core Viewpoint - Vivakor, Inc. has entered into a securities purchase agreement for the sale of 8,417,645 shares of common stock and 14,689,851 pre-funded warrants, aiming to raise approximately $5 million for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is priced at-the-market under Nasdaq rules and is expected to close on or about October 17, 2025, pending customary closing conditions [1]. - The gross proceeds from the offering are approximately $5 million before deducting placement agent fees and other expenses [2]. - D. Boral Capital LLC is acting as the exclusive placement agent for this offering [2]. Group 2: Company Overview - Vivakor operates in two main business segments: crude oil transportation services and facility services for terminaling and storage of crude oil and its byproducts [5]. - The transportation services include trucking and pipeline transportation of crude oil, primarily in active regions such as Colorado's DJ Basin, Central Oklahoma's STACK play, and the Permian and Eagle Ford Basins of Texas [6]. - The Omega Gathering Pipeline is a 45-mile crude oil gathering and shuttle pipeline in Blaine County, Oklahoma, connected to the Cushing storage hub [6].
Dow Surges Over 100 Points; Charles Schwab Posts Upbeat Earnings - Hyperfine (NASDAQ:HYPR), Mira Pharmaceuticals (NASDAQ:MIRA)
Benzinga· 2025-10-16 14:00
Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 100 points, closing at 46,412.27, a rise of 0.34% [1] - The NASDAQ rose by 0.73% to 22,834.55, and the S&P 500 gained 0.41% to 6,698.54 [1] - Communication services sector saw a notable increase of 1.4%, while financial stocks declined by 0.7% [1] Company Earnings - Charles Schwab Corporation reported third-quarter adjusted earnings per share of $1.31, reflecting a 70% year-over-year increase, surpassing the analyst consensus estimate of $1.25 [2] - The company's quarterly sales reached $6.135 billion, a 27% year-over-year growth, exceeding the expected $6.009 billion [2] Commodity Market - Oil prices increased by 0.2% to $58.38, while gold rose by 1.6% to $4,269.40 [5] - Silver saw a 2.1% increase to $52.455, whereas copper fell by 1% to $4.9660 [5] Asian Market Performance - Asian markets closed predominantly higher, with Japan's Nikkei 225 surging by 1.27% and India's BSE Sensex rising by 1.04% [7] - Hong Kong's Hang Seng index experienced a slight decline of 0.09%, while China's Shanghai Composite rose by 0.10% [7] Stock Movements - Praxis Precision Medicines Inc shares surged by 202% to $173.05 following positive Phase 3 trial results [9] - Vivakor Inc shares increased by 82% to $0.54 after announcing a $40 million credit facility [9] - Mira Pharmaceuticals Inc shares rose by 63% to $2.15 due to new preclinical data [9] - UTime Ltd shares plummeted by 83% to $0.20 after a $25 million registered direct offering announcement [9] - Theriva Biologics Inc shares fell by 49% to $0.43 after a $4 million warrant inducement agreement [9] - Hyperfine Inc shares decreased by 41% to $1.30 following a $17.5 million public offering announcement [9] Economic Indicators - The Philadelphia Fed Manufacturing Index dropped to a six-month low of -12.8 in October, down from 23.2 in the previous month, missing market estimates of 10 [10]
Vivakor Signs Term Sheet for $40 million Commodity Intermediation Facility
Globenewswire· 2025-10-15 12:30
Core Viewpoint - Vivakor, Inc. has announced a $40 million commodity intermediation credit facility to enhance its crude oil trading operations, in addition to a previously announced $23 million working capital investment [2][6]. Group 1: Credit Facility Details - The proposed facility will serve as a working capital and credit support arrangement for physical crude oil transactions conducted by Vivakor Supply & Trading, LLC [3]. - The wholesaler will provide credit support, including letters of credit, surety bonds, cash deposits, and guarantees to sellers of physical commodities [3]. - The facility is expected to have a one-year term with total availability of up to $40 million in combined credit support [5]. Group 2: Operational Responsibilities - Vivakor Supply & Trading, LLC will be responsible for arranging transportation, logistics, and gathering operations for the purchased commodities [4]. - The company plans to utilize its midstream logistics capabilities, including its trucking fleet and network of crude oil stations and terminal facilities [4]. Group 3: Strategic Growth Initiatives - The CEO of Vivakor emphasized that this transaction highlights the company's growth initiative in the trading segment, focusing on supply-chain commodity control to drive immediate revenue and expand crude oil marketing operations [6].
EXCLUSIVE: Vivakor Secures $23 Million Funding To Expand Energy Business Across Permian And Eagle Ford
Yahoo Finance· 2025-09-29 12:30
Core Viewpoint - Vivakor has signed a term sheet to raise up to $23 million through the issuance of a new series of convertible preferred stock, aimed at accelerating growth in its crude oil marketing and remediation businesses while enhancing integration across its trucking and transportation operations in key oil basins [1]. Group 1: Transaction Details - The proposed transaction involves the issuance of $25 million in Series B Convertible Preferred Stock [2]. - The securities will be convertible into common stock one year after definitive agreements are executed, with a maximum conversion price set at $0.75 per share [3]. - An exclusivity period has been agreed upon with the investor until December 31, 2025, targeting a year-end closing date [3]. Group 2: Use of Capital - Vivakor's marketing segment, Vivakor Supply & Trading, will gain immediate access to $15 million in liquidity to establish a credit facility for crude oil marketing and trading, along with $3 million in unrestricted working capital for operational needs [5]. - The remediation segment will benefit from $5 million in assets and facilities, including land, equipment, and crude oil inventory [5]. Group 3: Operational Synergies - The counterparty has committed to exclusively utilize Vivakor's trucking fleet for three years in the Permian and Eagle Ford Basins, enhancing utilization and throughput across the transportation network [6]. - Increased trucking volumes and expanded marketing activities are expected to drive additional demand across Vivakor's network of crude oil injection and terminaling facilities, supporting integration across all operating segments [6]. Group 4: Market Reaction - Following the announcement, VIVK stock closed lower by 5.42% at $0.3490 [7].