Vivakor, Inc. (NASDAQ: VIVK) shares fell 31.30% in after-hours trading to $0.21 on Tuesday following the announcement of a 1-for-20 reverse stock split effective July 17, 2026. The company closed the regular session at $0.30, down 1.76%. The reverse split is intended to increase the per-share trading price and support the Company’s continued listing on the Nasdaq Capital Market.

Reverse Split Details

The Board of Directors approved the specific ratio of 1-for-20 for the current split. This action consolidates every twenty shares of issued and outstanding common stock into one share. The stock will continue to trade under the existing ticker symbol "VIVK" but with a new CUSIP number 92852R601. The reverse split was approved by stockholders at the 2026 Annual Meeting on June 30, 2026, which authorized a range of splits from one-for-two (1:2) up to one-for-two thousand (1:2000).

Impact on Share Structure

The reverse stock split will reduce the number of outstanding shares from approximately 13.34 million to approximately 667,200. The number of authorized shares will remain unchanged. No fractional shares will be issued; stockholders entitled to a fractional share will instead receive one whole share.

Trading Metrics

Vivakor has a market capitalization of approximately $1.28 million. The stock has a 52-week high of $260.00 and a 52-week low of $0.25. Over the past 12 months, VIVK shares have declined 99.80%.

About Vivakor, Inc.

Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services. The Company operates one of the largest fleets of oilfield trucking services in the continental United States. Its integrated facilities assets provide crude oil, storage, transportation, reuse, and remediation services under long-term contracts.

Vivakor, Inc. has amended its Letter of Intent with Olenox Industries, Inc. regarding the proposed sale of its CPE Gathering MidCon, LLC business for approximately $36 million. The amendment establishes a target closing date of July 31, 2026, reflecting the parties' progress toward meeting customary closing conditions. The transaction value is based on CPE Gathering's expected annual EBITDA of approximately $4.56 million under take-or-pay contractual arrangements.

Since the original Letter of Intent was executed, the companies have advanced due diligence, obtained required third-party consents, and negotiated definitive transaction documentation. The new target date provides adequate time to complete these remaining items and satisfy all other customary closing requirements.

Omega System Supports STACK Region Operations

CPE Gathering operates the Omega system, an on-basin midstream platform in the STACK region of Oklahoma. The system provides crude oil gathering, transportation, terminaling, and pipeline connectivity. It is designed to generate stable, fee-based cash flows, reduce hauling and terminaling costs for producers, and offer scalable operational improvements.

Transaction Details

Asset Optimization and Strategic Growth

James Ballengee, Chief Executive Officer of Vivakor, stated that the additional time allows the parties to complete customary diligence, documentation, and third-party approvals. He emphasized that the transaction represents a step in enhancing shareholder value and positioning Vivakor for long-term growth. The proposed sale aligns with Vivakor's strategy of optimizing its asset portfolio while expanding its integrated energy infrastructure platform.