Vivakor stock plunges after announcing $2.7 million registered offering By Investing.com
Update: 2025-10-30
Description
Vivakor's stock plummets 15% after announcing a direct stock offering, diluting existing shareholders' ownership. The company plans to raise $2.7 million by selling 13 million shares and 2 million pre-funded warrants to a single investor. The pre-funded warrants can be converted into shares at a low price, potentially increasing the investor's stake. The offering is expected to close on October 31, 2025, but it must still meet regulatory requirements. Vivakor's lack of clarity on fund usage has left investors uncertain about the company's future.
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