Vivakor, Inc. Announces Pricing of $8.0 Million Underwritten Public Offering and Nasdaq Listing

SOUTH SALT LAKE CITY, UT/ACCESSWIRE/February 11, 2022/ Vivakor, Inc. (the “Company” or “Vivakor”) (NASDAQ: VIVK), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today announced the pricing of its public offering subscribed for 1,600,000 common shares (the “Common Shares”) at a public offering price of $5.00 per Common Share for aggregate gross proceeds of $8.0 million, before deduction of subscription discounts, commissions and other offering fees.

In addition, the Company has granted the underwriters a 45-day option to purchase up to 240,000 additional common shares at the public offering price less underwriting discounts and commissions, to cover over-allotments, if any. The offering is expected to close on or about February 16, 2022, subject to the satisfaction of customary closing conditions.

The Company has received approval to list its common stock on the Nasdaq Capital Market, with its common stock trading under the symbol “VIVK”, with trading expected to commence on February 14, 2022.

Under this offer, the Company will consolidate its issued and outstanding common shares at a ratio of 1:30. The share consolidation is expected to be effective as of the opening of markets on February 14, 2022. Share count and price information in this release is adjusted to reflect the reverse stock split.

EF Hutton, a division of Benchmark Investments, LLC, is acting as sole bookrunner for the offering.

A registration statement on Form S-1, as amended (File No. 333-250011), was filed with the Securities and Exchange Commission (“SEC”) and was declared effective on February 11, 2022. A prospectus Final terms of the offer will be filed with the SEC and will be available on the SEC’s website at Electronic copies of the final prospectus relating to this offering, when available, may be obtained from EF Hutton, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department , or by email at [email protected] or by phone at (212) 404-7002.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, and there will be no sale of such securities in any state or jurisdiction in which a such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of any such state or territory.

About Vivakor

Vivakor, Inc. is a clean energy technology and asset acquisition company focused on the natural resources space. Vivakor’s corporate mission is to create, acquire and accumulate distinct assets, intellectual properties and exceptional technologies that produce strong returns for its valued shareholders and partners. The company is currently focused on extracting bitumen (heavy crude) from shallow, oil-laden areas in eastern Utah, as well as oil-based remediation projects around the world. . The technologies used are inexpensive, proprietary, and disruptive to the industry when measured by a number of important factors. The general business model has been to be an acquisition center, focused on building and acquiring cash flow generating assets in distinct areas that have a proven technological advantage and enable substantial market opportunity in important target markets around the world. Our research and the technology we acquire is rooted in our relationships with synergistic partners and product-specific go-to-market strategies. From product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing agreements in place for many of our products to maintain revenue generation.

For more information, please visit our website

Forward-looking statements

This press release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our current expectations and speak only as of the date hereof. . Our actual results may differ materially and adversely from those expressed in forward-looking statements due to various factors and uncertainties, including the economic downturn affecting businesses, our ability to successfully develop products, rapidly changing markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in Vivakor’s filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements can be identified, but not limited to, by the use of the words “anticipates”, “expects”, “intends”, “plans”, “should”, “could”. , “would”, “could”, “,” “believes”, “estimates”, “potential” or “continues” and variations or similar expressions. We undertake no obligation to publicly revise or update any forward-looking statements. for whatever reason.

[email protected]

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THE SOURCE: Vivakor, Inc.

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