Vivakor, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Dallas, tx / accesswire / march 25, 2024 / vivakor, inc. (nasdaq:vivk) ("vivakor" or the "company"), a socially responsible operator, acquirer and 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").

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed merger of vivakor, inc. (the “company”) (nasdaqcm: vivk) and empire diversified energy, inc. (otc: mpir). ksf is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the company. if you would like to discuss your legal rights regarding the proposed tran.

New york--(business wire)--halper sadeh llc, an investor rights law firm, is investigating whether the merger of vivakor, inc. (nasdaq: vivk) and empire diversified energy, inc. is fair to vivakor shareholders. halper sadeh encourages vivakor shareholders to click here to learn more about their legal rights and options or contact daniel sadeh or zachary halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. the investigation concerns whether vivakor and its board violated.

Milwaukee , march 5, 2024 /prnewswire/ -- ademi llp is investigating vivakor (nasdaq: vivk) for possible breaches of fiduciary duty and other violations of law in its transaction with empire diversified energy. click here to learn how to join the https://www.ademilaw.com/case/vivakor-inc or call guri ademi toll-free at 866-264-3995.

Synergies expected to provide infrastructure for expansion and accelerate revenue growth dallas, tx / accesswire / march 4, 2024 / vivakor, inc. (nasdaq:vivk) ("vivakor" or the "company"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today is pleased to announce it has signed a definitive agreement and plan of merger (the "merger agreement") with empire diversified energy, inc. (otc pink:mpir) ("empire"), a multifaceted holding company with business units in sustainable energy and logistics. under the terms of the merger agreement, unanimously approved by the board of directors of each party, upon a successful closing, vivakor would acquire all the outstanding shares of empire common and preferred stock, on an as-converted basis, for net consideration of 67,200,000 shares (the "consideration shares") of vivakor common stock, resulting in empire becoming a wholly-owned subsidiary of vivakor upon the closing (the "merger").

Vivakor Inc (NASDAQ:VIVK) announced that it has signed a definitive Membership Interest Purchase Agreement to acquire a group of assets from Jorgan Development for $120 million in stock.   The company said it will acquire Endeavor Crude, Meridian Equipment Leasing, including its subsidiary CPE MidCon, Equipment Transport, and Silver Fuels Processing, known collectively as the Endeavor Entities.

Vivakor Inc (NASDAQ:VIVK) shares added more than 23% after it announced it would be merging with Empire Diversified Energy, a West Virgina-based energy and logistics holding company, for a combined enterprise value of approximately $250 million. "This is a significant milestone for our company and we believe accelerates our vision to build a state-of-the-art, clean energy and remediation technologies company,” Vivakor CEO James Ballengee said.

Vivakor Inc (NASDAQ:VIVK) announced that it has completed the factory acceptance tests for its Remediation Processing Center (RPC) in Houston, Texas, a major milestone for the company as it advances the site toward commercial operation. The company said the testing of all the control logic, operating screens, PLC controls, plant interlocks and all plant equipment, instruments and devices was carried out in partnership with RK Energy.

Vivakor Inc (NASDAQ:VIVK) reported a big increase in revenue during the third quarter thanks to strong oil and natural gas liquid sales from its Louisiana assets. Total revenue for the quarter increased by 39% year-over-year to $16.3 million, while gross profit increased by 28%, totaling $1.5 million, resulting in a gross margin of 9.5%.

Vivakor Inc (NASDAQ:VIVK) has provided an update to its shareholders, saying that since acquiring two gathering facilities, Silver Fuels Delhi in Louisiana and Colorado City in Texas about a year ago, the company has achieved better revenues than anticipated at the time of the acquisition.  The clean energy technology firm noted the acquired companies realized approximately $29.1 million in revenue during the six months ending June 30, 2023, representing a 10.232% increase over projections.

Vivakor Inc (NASDAQ:VIVK) has reported strong second-quarter revenue driven by a significant increase in oil and natural gas liquid sales following its August 2022 acquisition of Silver Fuels Delhi, which operates in Louisiana. For the three months ended June 30, 2023, the clean energy technology company reported revenue of $13.6 million, up from nil a year earlier.

Vivakor Inc (NASDAQ:VIVK) has announced first-quarter 2023 revenue of $15.5 million, compared to nil for the same period last year, which the company attributed primarily to oil and natural gas liquid sales from its Silver Fuels Delhi, LLC operations.    The clean energy technology firm also realized a gross profit for the quarter of $1.5 million and saw its operating loss shrink 40% year over year to $1.1 million.

Vivakor said it is relocating its Remediation Processing Center 2 (RPC #2) from Vernal in Utah to Kuwait based on successful trial results yielding less than 1% total petroleum hydrocarbons (TPC) in treated contaminated soil. The trial, conducted at the South Kuwait Excavation, Transportation and Remediation Zone III project in the DIC Yard, Mina Abdullah, Kuwait, was deemed a success, with the commissioning phase concluded and approved to move to commercialization.

Vivakor Inc (NASDAQ:VIVK) reported a significant year-over-year jump in revenue for the full-year 2022, driven by increased oil and natural gas liquid sales following its acquisition of Silver Fuels Delhi. For the 12 months ending December 31, 2022, the company posted revenue of $28.1 million, compared to $1.1 million for the previous financial year.

Vivakor Inc (NASDAQ:VIVK) has revealed its new-look board of directors. In a statement, the company's CEO James Ballengee told investors that the new directors bring “a wealth of experience and knowledge” across the clean technology and financial sectors.