Vivakor, Inc. - Common Stock (VIVK)

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Vivakor (NASDAQ: VIVK) announced that its Board of Directors has approved a special dividend to be paid in shares of Adapti, Inc., of which Vivakor holds a 13.5% stake. Excluding shares held by its CEO and CFO—who are waiving their rights to participate—eligible shareholders will receive approximately 0.0079 Adapti shares per Vivakor share, a distribution currently valued at $815,000. The record date will be announced in the coming weeks. Adapti, formerly Scepter Holdings, markets products using its AdaptAI platform and became an SEC-reporting company in 2024.

Vivakor (NASDAQ: VIVK) reported financial results for the first quarter of 2025, highlighted by a 133% year-over-year revenue increase to $37.3 million and a 345% jump in gross profit to $4.8 million, driven largely by contributions from its recently acquired Endeavor Entities. Despite a net loss of $7.5 million due to $8.2 million in non-cash expenses, the company posted positive adjusted EBITDA of $319,000 and maintains strong momentum in its core logistics and terminaling businesses. CEO James Ballengee noted that 2025 is shaping up to be a record year as contracted assets reach peak revenue levels and expansion plans are underway to meet rising demand.

In an era where environmental sustainability has become a global priority, few industries face more scrutiny than oil and gas. As governments, consumers and investors demand cleaner practices and corporate accountability, companies are being urged to innovate and adapt—or risk falling behind. Vivakor (NASDAQ: VIVK), a vertically integrated energy infrastructure and environmental services company, has taken up this challenge with remarkable success. Focused on transportation, storage, reuse and remediation of oilfield fluids and waste, Vivakor is proving that environmental responsibility and profitability are not mutually exclusive.

Entered 2025 With its Highest Level of Contracted Revenue in Company History

New Infrastructure Expected to Bolster Oklahoma Volumes & Operations

Empire's Port Infrastructure to Provide Synergies for Vivakor to Boost Revenue and Growth

Vivakor (NASDAQ: VIVK) is a vertically integrated energy infrastructure and environmental services company, focused on the transportation, storage, reuse, and remediation of oilfield fluids and waste. The company operates a large-scale oilfield trucking fleet, serving key U.S. energy regions, enabling end-to-end solutions for the handling of crude oil and produced water. Through long-term contracts and strategic asset positioning, Vivakor delivers critical services to upstream energy operators seeking efficient and environmentally responsible operations.

Entered 2025 With Approximately $160 Million Projected Annualized Revenue Run-Rate

Management to Discuss the Company's Recent $120 Million Acquisition

DALLAS, TX / ACCESSWIRE / October 7, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, is pleased to announce that all closing processes have been completed and, effective October 1, 2024, it closed its previously announced acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, Equipment Transport, LLC, and Silver Fuels Processing, LLC, and their subsidiaries (collectively, the "Endeavor Entities").

For the Six Months Ended June 30, 2024, the Endeavor Entities Realized Revenues of $47.3 Million, with $9.3 Million EBITDA

DALLAS, TX / ACCESSWIRE / August 13, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, has formed a new business unit, Vivakor Supply & Trading ("VST"), focusing on petroleum marketing operations.

Completed Factory Acceptance Test and Now Working Toward Commercial Operations

Revenue Increased to $29.1 Million and Operating Loss Decreased to $2.0 Million for the First Half 2023

DALLAS, TX / ACCESSWIRE / July 2, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, today is pleased to provide an update on the closing of its previously announced acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, its subsidiary CPE Gathering MidCon, LLC, Equipment Transport, LLC, its subsidiary ET EmployeeCo, LLC, and Silver Fuels Processing, LLC (collectively, the "Endeavor Entities").

DALLAS, TX / ACCESSWIRE / May 23, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today provided an update on the hydrogen project being developed at the Port of West Virginia industrial park by Empire Diversified Energy, Inc. ("Empire"). The Company and Empire announced a proposed merger on March 4, 2024, and the Company is releasing this update in connection the potential merger.

DALLAS, TX / ACCESSWIRE / May 9, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, today announced that it has received notice from The Nasdaq Stock Market informing the Company that, after having a closing bid price at or greater than $1.00 per share for 10 consecutive business days from April 19 to May 2, 2024, the Company has regained compliance with the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market, and that the matter is now closed.

DALLAS, TX / ACCESSWIRE / April 29, 2024 / Vivakor, Inc. (Nasdaq:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, today announced financial and operational results for the twelve months ended December 31, 2023.

DALLAS, TX / ACCESSWIRE / March 25, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today is pleased to announce that as of March 21, 2024, it signed a definitive Membership Interest Purchase Agreement ("MIPA") to acquire Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, including its subsidiary CPE MidCon, LLC, Equipment Transport, LLC., and Silver Fuels Processing, LLC , collectively the Endeavor Entities ("Endeavor Entities"), from Jorgan Development, LLC and JBAH Holdings, LLC (collectively "Jorgan"). Jorgan is an affiliate of James Ballengee, Vivakor's CEO.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Vivakor, Inc. (the “Company”) (NasdaqCM: VIVK) and Empire Diversified Energy, Inc. (OTC: MPIR). KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Vivakor, Inc. (NASDAQ: VIVK) and Empire Diversified Energy, Inc. is fair to Vivakor shareholders.

Synergies Expected to Provide Infrastructure for Expansion and Accelerate Revenue Growth

DALLAS, TX / ACCESSWIRE / November 30, 2023 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), a clean energy technology company focused on the oil remediation and natural resources sectors, today announced financial and operational results for the three and nine months ended September 30, 2023.

Chairman and CEO James Ballengee's Compensation Stock Issuance at $1.08 per Share, and Jorgan Development, LLC's Note Conversion Stock Issuance at $1.42 per Share, are 42% and 87% Premium to Current Market Price, Respectively