VIVK News & Events

Vivakor entered into forbearance agreements with eight investors holding the Company's convertible promissory notes, extending maturities until 2027 and revising payment terms as part of its ongoing efforts to address its capital structure and support compliance with Nasdaq listing standards. Under the terms of the agreements, the noteholders have agreed to forbear from exercising default remedies, subject to Vivakor's compliance with amended terms. The agreements extend the maturity of the notes to January 2027 and establish revised payment schedules requiring scheduled cash payments through maturity. Conversions under the notes are limited unless the Company fails to make the agreed payments or does not get relisted on Nasdaq by February 28, 2026. This deadline may be extended if the Company has applied for a reverse stock split and is awaiting regulatory approval necessary to complete the split. As a result of the amended terms, the agreements reduce near-term maturity and conversion pressure while the Company works to complete the steps required to regain compliance with Nasdaq listing standards. The Company entered into the agreements as part of its ongoing efforts to address its capital structure, preserve liquidity, and support compliance with Nasdaq listing standards, while it continues to evaluate strategic, operational, and financial alternatives to enhance long-term value.

Vivakor announced that it has executed a non-binding Letter of Intent to sell its midstream business and transportation assets of CPE Gathering MidCon to Olenox Industries for approximately $36 million The transaction, valued at approximately $36 million, will be paid in a combination of cash, promissory note, common and preferred stock, and is based on $4.56 million in annual EBITDA, pursuant to a take-or-pay guarantee of Vivakor. Vivakor Chairman and Chief Executive Officer James Ballengee commented, "This transaction will enable us to further strengthen our balance sheet and focus on our Permian Basin, Crude Oil Supply and Trading and Remediation Processing Centers businesses. This Oklahoma STACK play will complement Olenox's strategy by expanding its addressable market for services, increasing fee-based, predictable revenue through integrated gathering and terminaling, and generate operational synergies by aligning midstream logistics with Olenox's field services to lower per-well costs and improve uptime. Olenox Industries makes a great partner for this midstream business, which we believe will flourish under their ownership."

Vivakor announced that it has signed a non-binding letter of intent to acquire Coyote Oilfield Services, through its affiliate Vivakor Midstream. The proposed acquisition is intended to materially expand Vivakor's midstream capabilities by adding complementary expertise across pipeline development, terminal operations, oilfield services, and energy marketing, strengthening the Company's ability to deliver integrated infrastructure and logistics solutions to customers across the energy value chain. Michael Duffy, Managing Partner and Chief Executive Officer of Coyote Oilfield Services, added, "Vivakor's integrated midstream platform and disciplined approach to infrastructure development make them a strong strategic fit for Coyote. Our team has deep experience designing, constructing, and operating pipeline, terminal, and related oilfield infrastructure, and we believe combining those execution capabilities with Vivakor's broader platform will allow us to deliver projects more efficiently, scale solutions faster, and better support customers across key energy markets."

Vivakor has achieved approximately $65M in total debt reduction year-to-date in 2025, significantly enhancing the Company's balance sheet strength and financial flexibility. The year-to-date debt reduction was driven by the completion of Vivakor's strategic July divestiture and subsequent balance sheet optimization initiatives. The divestiture of select non-core assets generated approximately $11M in net consideration and eliminated roughly $59M of debt, materially improving the Company's credit profile and lowering future interest obligations. Following this transaction, Vivakor executed targeted restructuring and conversion to equity transactions designed to further enhance liquidity and derisk the capital structure, resulting in an additional $6M of debt reduction and bringing the total to approximately $65M for the year.