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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

InvestorNewsBreaks – Vivakor, Inc. (NASDAQ: VIVK) Sells Non-Core Subsidiaries, Eliminates $59 Million Debt

Vivakor (NASDAQ: VIVK), an integrated provider of energy transportation, storage, reuse and remediation services, announced the sale of non-core subsidiaries Meridian Equipment Leasing LLC and Equipment Transport LLC. The transaction generated approximately $11 million in net consideration and removed about $59 million in debt, resulting in improved credit metrics and a stronger capital structure. Chairman, President and CEO James H. Ballengee said the divestiture allows Vivakor to exit the produced water transportation sector, cut annual interest expenses and redirect focus toward higher margin segments, including crude oil transportation, midstream infrastructure and environmental remediation services. The company said the move supports its strategy to streamline operations, raise cash and enhance capital efficiency.

To view the full press release, visit https://ibn.fm/etqLw

About Vivakor, Inc.

Vivakor, Inc. (NASDAQ: VIVK), is an integrated provider of energy transportation, storage, reuse, and remediation services. Vivakor’s strategy is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Its integrated trucking and facility assets provide crude oil transportation, gathering, storage, reuse, and remediation services under long-term contracts.

For more information, please visit our website: http://vivakor.com

NOTE TO INVESTORS: The latest news and updates relating to VIVK are available in the company’s newsroom at https://ibn.fm/VIVK 

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