Vivakor, Inc. Announces Closing of $8.0 Million Underwritten Public Offering and Nasdaq Listing

Feb 16, 2022

SOUTH SALT LAKE CITY, UT / ACCESSWIRE / February 16, 2022 / Vivakor, Inc. (NASDAQ:VIVK) (the "Company" or "Vivakor"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today announced the closing of its underwritten public offering of 1,600,000 shares of common stock (the "Common Stock"), at a public offering price of $5.00 per share, for aggregate gross proceeds of $8.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 240,000 shares of Common Stock at the public offering price per share, less the underwriting discounts and commissions, to cover over-allotments, if any.

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