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Vivakor Executes Reverse Stock Split to Advance Nasdaq Continued Listing
Globenewswire· 2026-03-26 13:00
Core Viewpoint - Vivakor, Inc. has completed a 1-for-200 reverse stock split to meet Nasdaq listing requirements, aiming to regain compliance with the minimum bid price by April 30, 2026 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split adjusted the company's issued and outstanding common stock from 410,068,820 shares to approximately 2,050,344 shares, with no fractional shares issued [3]. - The company's authorized common stock remains at 500,000,000 shares [3]. Group 2: Nasdaq Compliance - The Nasdaq Hearings Panel granted Vivakor a continued listing on the Nasdaq Stock Market, contingent upon regaining compliance with the $1.00 minimum bid price requirement by April 30, 2026 [2]. - To comply, the closing bid price must be $1.00 or greater for ten consecutive trading days [2]. Group 3: Future Trading and Monitoring - Upon confirming compliance with the Bid Price Rule by the deadline, Vivakor's common stock will be reinstated for trading on the Nasdaq Capital Market [4]. - Following reinstatement, the company will be subject to a one-year Mandatory Panel Monitor as per Nasdaq procedures [4]. Group 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, providing services under long-term contracts [5].
Vivakor Receives Nasdaq Panel Approval for Path to Continued Listing, Upon Compliance by April 30, 2026
Globenewswire· 2026-03-16 12:30
Core Viewpoint - Vivakor, Inc. has received approval from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Stock Market, contingent upon regaining compliance with the $1.00 minimum bid price requirement by April 30, 2026 [1][2]. Group 1: Compliance and Listing Status - The company must achieve a closing bid price of $1.00 or greater for ten consecutive trading days to regain compliance with the Bid Price Rule [1]. - Upon confirming compliance, Vivakor's common stock will be reinstated to trade on The Nasdaq Capital Market and will be subject to a one-year Mandatory Panel Monitor [2]. Group 2: Management Commentary - The Chairman and CEO of Vivakor expressed appreciation for the Nasdaq Hearings Panel's decision and emphasized the company's focus on executing its strategy to restore trading on Nasdaq while building value across its energy transportation and infrastructure platform [3]. Group 3: 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 [4]. - The company's mission includes developing, acquiring, and operating assets and technologies in the energy sector, providing services under long-term contracts [4].
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 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 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 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]
Vivakor Announces 7% Revenue Growth to $17.0 Million and $60 Million in Debt Reduction for Q3 2025; Raises $11.2 Million in Equity Subsequent to Quarter End
Globenewswire· 2025-11-20 13:30
Core Insights - Vivakor, Inc. reported significant financial and operational results for the three and nine months ended September 30, 2025, highlighting a strategic shift towards core business areas and improved financial metrics [1][8]. Financial Highlights - Revenue for the three months ended September 30, 2025, increased by 7% to $17.0 million compared to $15.9 million in the prior-year period, driven by higher activity in transportation and logistics and terminaling and storage segments [7][11]. - Gross profit surged by 173% to $4.7 million, with gross margin improving by 1700 basis points to 27.8%, reflecting operational efficiencies [7][11]. - Adjusted EBITDA improved to approximately $4 million, a significant turnaround from a loss of $1.5 million in the same period of 2024 [7][11]. - Net loss for the three months ended September 30, 2025, was $36.0 million, an increase of $34.3 million compared to a net loss of $1.7 million in the prior-year period, primarily due to non-cash losses [7][11]. Strategic Developments - On July 30, 2025, Vivakor completed the divestiture of non-core business units, generating approximately $11 million in net consideration and eliminating about $59 million of debt, which improved the company's credit profile [3][4]. - The divestiture is expected to yield annualized interest expense savings and enhance operational efficiency, allowing the company to focus on higher-margin business lines [5][6]. - Management expressed optimism about the momentum in the supply and trading business, with plans for a Remediation Processing Center in Houston expected to launch in Q1 2026 [6]. Operational Insights - The company operates one of the largest fleets of oilfield trucking services in the continental United States, focusing on sustainable energy transportation, storage, reuse, and remediation services [9]. - The remaining midstream assets, including trucking fleet and pipeline infrastructure, are now better aligned to support the expanding supply and trading platform [6].
Vivakor to Participate in The Noble Capital Markets’ 21st Annual Emerging Growth Equity Conference
Globenewswire· 2025-11-12 13:30
Core Points - Vivakor, Inc. will present at the Noble Capital Markets' 21st Annual Emerging Growth Equity Conference on December 2-3, 2025, in Boca Raton, FL [1][3] - The conference aims to enhance visibility and engagement for small and mid-cap companies through presentations and one-on-one meetings with investors [2][3] 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 [3] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector [3] - Vivakor's facilities provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts [3] Upcoming Event Details - The conference will be held at Florida Atlantic University, Boca Raton, FL, and management will be available for one-on-one meetings with the investment community [3] - Interested parties can schedule meetings by contacting NobleCon representatives or Vivakor's investor relations [3]
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]
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]