Vivakor closes $12 million convertible note offering to fund operations
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VIVAKOR ANNOUNCES CLOSING OF $12 MILLION INSTITUTIONAL OFFERING
May 8, 2026 9:00 AM EDTFinancing Supports RPC Commissioning, Debt Reduction and Execution of Strategic Initiatives
Dallas, TX, May 08, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK)Â (Vivakor or the Company), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced that it has closed a private placement with institutional investors for the purchase and sale of six-month convertible promissory notes for aggregate gross proceeds of $12 million. The notes have a principal amount of $15 million including the original issuance discount.
The Company intends to use the net proceeds from the... More
