Vivakor raises approximately $5 million in registered direct offering

Vivakor Inc. (NASDAQ: VIVK) announced it entered into a securities purchase agreement with an institutional investor for approximately $5 million in gross proceeds through a registered direct offering priced at-the-market under Nasdaq rules.

The offering includes 8,417,645 shares of common stock and 14,689,851 pre-funded warrants exercisable at $0.001 per share. The closing is expected to occur on or about October 17, 2025, subject to customary closing conditions.

The company stated it intends to use the net proceeds for working capital and general corporate purposes after deducting placement agent fees and other offering expenses.

D. Boral Capital LLC is serving as the exclusive placement agent for the offering.

The offering is being conducted under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission and declared effective on February 10, 2023. A prospectus supplement relating to the offering will be filed with the SEC.

Vivakor operates in two main business segments: crude oil transportation services and facility services for terminaling and storage of crude oil and petroleum products. The company's transportation services include trucking operations in Colorado's DJ Basin, Central Oklahoma's STACK play, and the Permian and Eagle Ford Basins of Texas, as well as pipeline transportation via the Omega Gathering Pipeline in Oklahoma.

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