Vivakor receives Nasdaq panel approval for path to continued listing

Vivakor (VIVK) announced that the Nasdaq Hearings Panel has granted the Company’s request for continued listing on the Nasdaq Stock Market, provided the Company regains compliance with Nasdaq’s $1.00 minimum bid price requirement by April 30, 2026. To regain compliance with the Bid Price Rule, the closing bid price of the Company’s common stock must be $1.00 or greater for ten consecutive trading days. Upon confirmation that the Company has satisfied the Bid Price Rule on or before April 30, 2026, Vivakor’s common stock will be reinstated to trade on The Nasdaq Capital Market. Following reinstatement, the Company will be placed on a one-year Mandatory Panel Monitor in accordance with Nasdaq procedures.In addition to the providing the Company a path forward to reinstate listing its common stock on Nasdaq, the Nasdaq Hearing Panel decision acted as a Public Reprimand Letter for the Company’s failure to obtain the required approval of its shareholders prior to issuing shares of its common stock in excess of 19.99% of its common stock for certain financings in violation of Nasdaq Listing Rules..