Vivakor (VIVK)
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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].
Vivakor Signs Term Sheet to Expand Crude Oil Marketing and Remediation Businesses
Globenewswire· 2025-09-29 12:30
Core Viewpoint - Vivakor, Inc. has signed a term sheet to secure up to $23 million in funding 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 transportation operations in key oil basins [2][3]. Funding and Financial Structure - The proposed transaction includes the issuance of $25 million in Series B Convertible Preferred Stock, which will be convertible into common stock at a maximum price of $0.75 per share after one year [5]. - Vivakor's marketing segment is set to receive $15 million in restricted cash to establish a credit facility for crude oil marketing, alongside $3 million in unrestricted working capital for operational needs [4]. - The remediation segment will gain at least $5 million in assets, including land, equipment, and crude oil inventory [4]. Operational Enhancements - The counterparty will exclusively use Vivakor's trucking fleet for three years in the Permian and Eagle Ford Basins, which is expected to increase utilization and throughput across the transportation network [5]. - The transaction is anticipated to create synergies across all operating divisions, enhancing crude oil injection and terminaling services [4]. Strategic Goals - The transaction is designed to support the expansion of Vivakor's crude oil marketing and remediation segments, driving additional volumes across its trucking fleet and creating immediate revenue opportunities [3][4]. - The company aims for deeper vertical integration across its platform, leveraging the new capital and assets to enhance crude oil throughput and remediation capabilities [5].
Vivakor Resets Payment Date of Special Dividend to October 31, 2025
Globenewswire· 2025-09-26 12:30
Core Points - Vivakor, Inc. has reset the payment date for its special dividend to shareholders to October 31, 2025, with the ex-dividend date being September 5, 2025 [1] - Each Vivakor shareholder will receive approximately 0.0074 shares of Adapti, Inc. common stock per Vivakor share, valuing the special dividend at approximately $0.200 million based on Adapti's current share price of $1.00 [2] - Vivakor currently holds 206,595 shares of Adapti, Inc., representing about 13.5% of the outstanding common shares [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] - The company’s facilities provide crude oil storage, transportation, and remediation services under long-term contracts, facilitating the recovery and disposal of petroleum byproducts [4]
Vivakor Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-09-17 12:30
Core Points - Vivakor, Inc. has received a 180-calendar-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by March 16, 2026 [1][4] - The company was previously notified on March 18, 2025, that it did not meet the minimum bid price of $1.00 per share for 30 consecutive business days [2] - The extension was granted as the company complies with all other Nasdaq listing requirements and has indicated plans to address the bid price deficiency, potentially through a reverse stock split [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 offers crude oil storage, transportation, and remediation services under long-term contracts, and operates oilfield waste remediation facilities [5]
Vivakor to Collaborate with Neuralix to Deploy Artificial Intelligence Across Energy Midstream Operations
Globenewswire· 2025-09-04 12:30
Core Insights - Vivakor, Inc. has entered into a Collaboration Agreement with Neuralix, Inc. to integrate advanced AI technology into its midstream operations and establish a joint venture for co-marketing the AI platform to third-party operators in the midstream energy sector [1][2][4] Company Overview - Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [5] - The company's mission focuses on developing, acquiring, and operating assets and technologies in the energy sector, with services including crude oil and produced water gathering, storage, transportation, reuse, and remediation under long-term contracts [5] Collaboration Details - The collaboration with Neuralix aims to optimize Vivakor's core business functions, including transportation and route optimization, predictive maintenance, and resource allocation [2][7] - The initial deployment will focus on dynamic routing to reduce fuel costs and emissions, AI-driven monitoring of assets to minimize downtime, and real-time decision support for storage and remediation projects [7] Strategic Goals - This partnership is part of Vivakor's broader strategy to embrace digital transformation, enhance profitability, reduce environmental impact, and deliver reliable services to customers [4] - The companies expect to finalize the Joint Venture Agreement by the end of 2025, subject to ongoing negotiations [4]