Recent Updates — VIVK

Vivakor issued 878,255 shares of common stock to J.J. Astor & Co. upon the conversion of $1,972,472.08 in principal and accrued amounts under a junior secured convertible promissory note dated July 9, 2025. The company received notices of conversion on October 9, 2026, satisfying its obligations under the Second Note. The shares were issued without Rule 144 restrictive legends based on a legal opinion and are exempt from registration under Section 4(a)(2) as J.J. Astor is an accredited investor. Vivakor operates in the technology sector.

Vivakor, Inc. has entered into a non-binding Letter of Intent to acquire 100% of the outstanding membership interests of Direct Midstream, LLC. The proposed transaction values Direct Midstream at approximately $40 million based on four times its targeted 2027 free cash flow of $10 million, with a potential range between $30 million and $50 million depending on actual performance. At closing, Vivakor would make a $10 million capital investment in Direct Midstream, reducing the consideration payable to the seller dollar-for-dollar. The remaining consideration would consist of approximately $29 million of Vivakor Series B Preferred Stock and $1 million of common stock. The deal remains subject to customary due diligence, regulatory approvals, and execution of a definitive agreement. Vivakor is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services.

Vivakor, Inc. filed a Certificate of Amendment to its Articles of Incorporation with the State of Nevada on September 30, 2026, implementing a 1-for-15 reverse stock split of its common stock. The split became effective at the opening of trading on the Nasdaq Capital Market on October 5, 2026. This action follows shareholder approval in June 2026 and comes after a previous 1-for-20 reverse split that took effect on July 17, 2026. The company states the move is intended to increase the per-share trading price and support its continued listing on Nasdaq. Outstanding shares will reduce from approximately 8,981,898 to 598,794, with fractional shares converted to whole shares. Vivakor operates as an integrated provider of sustainable energy transportation, storage, reuse, and remediation services.

Vivakor, Inc. announced a 1-for-15 reverse stock split effective at the opening of trading on October 5, 2026, to increase its per-share price and maintain Nasdaq Capital Market listing compliance. Concurrently, Executive Vice President and Chief Operating Officer Leslie D. Patterson resigned effective September 24, 2026, under a transition agreement requiring payment of $150,000 plus owed wages, with future consulting compensation to be paid in common stock. The company operates in the energy sector, providing integrated sustainable energy transportation, storage, reuse, and remediation services.

Vivakor issued common stock upon the conversion of convertible promissory notes held by accredited investors, issuing 40,116 shares for $15,647.05 and 603,555 shares for $250,000 on September 2, 2026. The company also announced an extension of the payment date for a special dividend of Adapti, Inc. common stock from September 5, 2026 to January 29, 2027, citing time needed to complete regulatory registration requirements. Vivakor operates in the energy sector, providing integrated crude oil transportation, storage, reuse, and remediation services.

Vivakor, Inc. reported several significant equity conversions from convertible promissory notes, including 371,000 shares issued to a single holder, 448,038 shares to several lenders, and 1,631,014 shares to J.J. Astor & Co. Additionally, the company's subsidiary, Vivakor Supply & Trading, LLC, announced two new recurring physical crude oil purchase and sale transactions expected to generate $384 million in annualized activity, bringing the total platform's annualized activity to over $1.09 billion. The company also announced that capital funding for its Houston Remediation Processing Center has been fulfilled, allowing commissioning activities to begin. Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services.