Vivakor, Inc.

Snapshot

Vivakor is an energy waste-remediation and crude-trading company with FY 2025 revenue of $104.4M, up 16.3% YoY, but a net loss of $110.2M, far larger than revenue.

What's Happening Right Now

• Thu 22nd Oct '26 · Regulatory milestone: The Railroad Commission of Texas approved Vivakor's P-5 filing for its Houston Remediation Processing Center, advancing it into R-9 permit technical review and keeping the facility on track for targeted commercial operations in Q1 2027.
• Thu 15th Oct '26 · Debt conversion: Vivakor had J.J. Astor & Co. convert $1,972,472.08 of its $5.94M junior secured convertible note into 878,255 freely tradable shares, fully satisfying that note.
• Fri 9th Oct '26 · Acquisition LOI: Vivakor signed a non-binding LOI to acquire Direct Midstream, a Permian Basin water midstream company, for $40 million (4x targeted 2027 free cash flow), with the deal still subject to diligence, a definitive agreement, and Vivakor funding a $10 million cash investment.
• Fri 9th Oct '26 · Note conversion: 878.3K shares.
• Tue 6th Oct '26 · Reverse split: Vivakor completed a 1-for-15 reverse stock split effective October 5, 2026, its second split in three months after a 1-for-20 split in July 2026, both aimed at regaining Nasdaq bid-price compliance.
• Wed 2nd Sep '26 · Note conversion: 603.6K shares.
• Wed 2nd Sep '26 · Note conversion: 40.1K shares.
• Wed 19th Aug '26 · Going concern: Vivakor's Q2 2026 10-Q disclosed explicit going-concern language, a $58 million working capital deficit, just $259,749 of cash, and heavy reliance on convertible-note and equity-line financing that pushed shares outstanding from 511,087 to 8,183,626 in about six weeks.