VIVK Stock Catalyst: Vivakor, Inc. Signs LOI for $40 Million Acquisition of Direct Midstream

Vivakor, Inc. (Nasdaq: VIVK) announced the signing of a Letter of Intent (LOI) for the proposed acquisition of Direct Midstream for $40 million. The transaction, which is subject to due diligence and definitive agreements, is expected to enhance Vivakor's midstream capabilities.

The acquisition price is set at $40 million. Vivakor intends to fund the acquisition through a combination of cash and stock, though specific details on the share consideration are not yet disclosed.

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