24/7 Market News Snapshot 29 September, 2025 – Vivakor, Inc. Common Stock (NASDAQ:VIVK)
DENVER, Colo., 29 September, 2025 (www.247marketnews.com) – (NASDAQ:VIVK) are discussed in this article.
Vivakor, Inc. has experienced a remarkable surge in trading, with shares jumping from an opening price of $0.35 to a peak of $0.764, representing an extraordinary increase of 118.91% in a single session. Current trading volume stands at 11.51 million shares, indicating substantial investor interest and confidence in the company’s potential. This bullish trend reflects a strong market sentiment, prompting analysts to monitor Vivakor closely for further developments.
In tandem with this trading phenomena, Vivakor has entered into a term sheet agreement with a non-affiliated counterparty to secure up to $23 million in funding through the issuance of new convertible preferred stock. This strategic move aims to bolster the growth of Vivakor’s crude oil marketing and remediation services while enhancing the operational efficiency of its trucking and transportation divisions.
James Ballengee, the company’s Chairman, President, and CEO, expressed enthusiasm for the financing, highlighting its significance in supporting the expansion of business segments while integrating commitments with existing infrastructure. The term sheet details a provision where Vivakor Supply & Trading will receive $15 million in restricted cash to establish a credit facility tailored for crude oil marketing, along with $3 million in unrestricted working capital for immediate operational requirements. Additionally, Vivakor expects to gain at least $5 million in assets for its remediation segment, which includes land, equipment, and crude oil inventory.
Furthermore, the agreement stipulates exclusive use of Vivakor’s trucking fleet by the counterparty for a three-year period, reinforcing the company’s transportation efficiency. Les Patterson, COO of Vivakor, emphasized that this transaction will enhance the company’s capacity for crude oil throughput and remediation, positioning the firm for deeper vertical integration across its operational platform. The expected finalization of the proposed issuance of $25 million in Series B Convertible Preferred Stock by year-end is poised to lay the groundwork for Vivakor’s future success and growth initiatives.