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Stock impact report

EXCLUSIVE: Vivakor Secures $23 Million Funding To Expand Energy Business Across Permian And Eagle Ford [Yahoo! Finance]

Vivakor, Inc. (VIVK) 
NASDAQ:AMEX Investor Relations: vivakor.com
Company Research Source: Yahoo! Finance
The contemplated transaction can accelerate the growth of Vivakor's crude oil marketing and remediation businesses while strengthening integration across its trucking and transportation operations in the Permian and Eagle Ford Basins. Under the proposed terms, Vivakor would issue $25 million in Series B Convertible Preferred Stock. Also Read: VivoPower Shares Surge On $120 Million Takeover Proposal From UAE-Based Energi Holdings The securities would be convertible into common stock one year after the execution of definitive agreements, subject to a maximum conversion price of $0.75 per share. Vivakor has agreed to an exclusivity period with the investor through December 31, 2025, with a target year-end closing date. Vivakor Chairman and CEO James Ballengee said the proposed transaction directly supports two of its fastest-growing segments, crude oil marketing and remediation, while driving additional volumes across its trucking fleet. He noted that aligning new customer c Show less Read more
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