Vivakor advances $40M acquisition toward definitive purchase agreement

Vivakor, Inc. (VIVK) completed due diligence for a $40M acquisition of Direct Midstream, LLC, which operates 17 saltwater disposal facilities. The deal advances Vivakor's strategy to expand Permian Basin infrastructure and enhance its Remediation Processing Center (RPC) capabilities. The companies are working toward a definitive agreement, subject to final terms and funding.

Vivakor, Inc. (VIVK) completed due diligence on a $40M acquisition of Direct Midstream, which includes 17 SWD facilities with 11.5M barrels/month disposal capacity. The deal is subject to a final agreement and conditions. According to the company, this aligns with its Permian water and waste platform strategy.

Vivakor, Inc. (VIVK) completed due diligence on Direct Midstream, LLC, advancing a proposed acquisition of 17 saltwater disposal facilities and 11.5 million barrels/month of capacity. The deal aligns with Vivakor's RPC strategy, expanding its Permian Basin infrastructure. Final agreement terms and funding are pending, with no guarantee of completion.

Vivakor (VIVK) shares surged over 25% after announcing a $40M deal to acquire Direct Midstream, a Permian Basin water midstream operator. The transaction, valued at 4x Direct Midstream's projected 2027 free cash flow, includes $10M cash and $30M in stock. Vivakor aims to expand its regional footprint and oilfield waste-management capabilities, despite its financial challenges, including a $58M working capital deficit and $24.3M in short-term debt.

Vivakor (VIVK) shares rose 22.4% after announcing a non-binding LOI to acquire Direct Midstream for $40 million, expanding its Permian Basin operations. The deal includes $10 million in cash and preferred stock. The company's recent 1-for-15 reverse stock split, reducing shares to 598,794, may amplify volatility.

Vivakor, Inc. (VIVK) has expressed interest in acquiring Direct Midstream, a Permian Basin water midstream operator. The potential deal includes 17 SWD facilities and 11.5M barrels/month disposal capacity, but is subject to further negotiations and due diligence.