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The acquisition would expand Vivakor's midstream operations.
Vivakor, Inc. (Nasdaq: VIVK) has indicated its interest in acquiring Direct Midstream, a move aimed at enhancing its midstream capabilities. The announcement was made public on the company's official communication channels.
No financial details or timelines for the potential acquisition have been disclosed at this time. The acquisition, if completed, would integrate Direct Midstream's assets and operations into Vivakor's existing portfolio.
As of the latest available data, Vivakor has a free float of 161,825 shares and 8,981,898 shares outstanding.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.