VIVK - Vivakor announces Nasdaq listing; prices $8M public offering

Vivakor (OTCPK:VIVK) has priced its underwritten public offering of 1.6M shares of common stock at a public offering price of $5.00/share for aggregate gross proceeds of $8.0M. Underwriters over-allotment is an additional 240,000 shares. Offering is expected to close on or about February 16, 2022. The Common Stock have been approved to list on the Nasdaq under the symbols "VIVK" and are expected to begin trading today. In connection with this offering, the Company will effectuate a reverse split of its issued and outstanding common stock at a ratio of 1-for-30. The reverse stock split is expected to be effective as of the open of trading on February 14, 2022.

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Vivakor announces Nasdaq listing; prices $8M public offering