Vivakor announces $3.5M registered direct offering

Vivakor (VIVK) announced that it has entered into securities purchase agreements with a single fundamental institutional investor for the purchase and sale of 10.91M shares of its common stock and 5M pre-funded warrants in a registered direct offering, for gross proceeds of approximately $3.5M, before deducting commissions and offering expenses. The closing of the offering is expected to occur on or about October 27, subject to the satisfaction of customary closing conditions. D. Boral Capital is acting as exclusive placement agent for the offering.