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Investing.com -- Vivakor Inc (NASDAQ:VIVK) stock fell around 1% on Thursday after the integrated energy infrastructure and environmental services company announced a registered direct offering that would raise approximately $5 million.
The offering, priced at-the-market under Nasdaq rules, includes 8,417,645 shares of common stock and 14,689,851 pre-funded warrants exercisable at $0.001 per share. The transaction was arranged with what the company described as "a leading single fundamental institutional investor."
Vivakor plans to use the net proceeds for working capital and general corporate purposes, according to the announcement. The offering is expected to close on or about October 17, 2025, subject to customary closing conditions.
D. Boral Capital LLC is serving as the exclusive placement agent for the offering.
The slight decline in Vivakor’s stock price Thursday suggests investors may be responding to potential dilution concerns following the new share issuance, despite the additional capital that will strengthen the company’s financial position.
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