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Benzinga
Benzinga
Business
Anusuya Lahiri

EXCLUSIVE: Vivakor Secures $23 Million Funding To Expand Energy Business Across Permian And Eagle Ford

Vivakor Eagle Ford Permian crude oil Oil
VIVK

Vivakor (NASDAQ: VIVK) announced on Monday that it has signed a term sheet with a counterparty to provide up to $23 million in capital by issuing a new series of convertible preferred stock.

The contemplated transaction can accelerate the growth of Vivakor's crude oil marketing and remediation businesses while strengthening integration across its trucking and transportation operations in the Permian and Eagle Ford Basins.

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