Vivakor Inc. announces acquisition plans, stock surges 60.52%

Vivakor Inc. saw a significant price increase of 60.52%, crossing above its 5-day SMA in pre-market trading. This surge follows the company's announcement of a non-binding agreement to acquire Coyote Oilfield Services, which is expected to enhance its capabilities in midstream and oilfield services.

The acquisition announcement indicates a strategic move by Vivakor to strengthen its position in the energy sector. The deal, while still pending definitive agreements, is anticipated to close by February 28, 2026, and aims to bring additional expertise in pipeline development and terminal operations. This news has generated positive sentiment among investors, contributing to the stock's pre-market rise despite the overall market being slightly down.

The implications of this acquisition could be significant for Vivakor, as it positions the company for future growth and operational efficiencies. Investors are likely to keep a close eye on the developments surrounding this acquisition as it unfolds.