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-0.0258620689655173 -0.0517241379310345 -0.146551724137931 -0.182586206896552 -0.198275862068966 -0.353829310344828 -0.353448275862069 -0.396551724137931
Stock impact report

Vivakor Signs Definitive Agreement to Acquire Endeavor Entities for $120 Million [Yahoo! Finance]

Vivakor, Inc. (VIVK) 
NASDAQ:AMEX Investor Relations: vivakor.com
Company Research Source: Yahoo! Finance
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. The Endeavor Entities operate in the midstream segment of the oil industry, which targets oil logistics, gathering and storage, including crude oil and produced water trucking and disposal services, and also operate a crude oil pipeline gathering system and pipeline injection stations. Vivakor expects to benefit from the expected synergies these acquisitions will create. In addition, each of the material businesses have 10-year take or Show less Read more
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