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Vivakor (NASDAQ: VIVK) adds $72M crude trade and delays Adapti share payout

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Vivakor, Inc. disclosed two key updates. First, its Vivakor Supply & Trading platform executed a recurring crude oil transaction representing about $6.0 million in crude oil volume per month, or $72.0 million over a twelve-month term through May 2027, including transportation services. On standard crude trades, the Company anticipates recognizing approximately 1% of the contract value as revenue. Second, Vivakor reset the payment date for its previously announced special dividend of 206,595 shares of Adapti, Inc. that it owns to June 30, 2026, payable to holders of record of Vivakor common shares as of September 5, 2025.

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Insights

Vivakor adds a sizable trading contract and delays a share dividend payment date.

Vivakor’s supply and trading arm executed a crude oil transaction representing about $72.0 million in volume over twelve months, extending through May 2027. The company expects to recognize roughly 1% of contract value on standard trades, indicating modest revenue relative to headline volume.

The reset of the special dividend payment date for 206,595 Adapti, Inc. shares to June 30, 2026 is tied to completing required SEC filings, and the company notes this date may change again if filings are delayed. The dividend remains tied to shareholders of record on September 5, 2025.

Overall, the filing highlights incremental growth in crude trading activity and administrative timing adjustments for a non-cash dividend. Actual financial impact will depend on realized trading margins and successful completion of regulatory steps for the Adapti share distribution.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Crude oil transaction volume (monthly) $6.0 million per month Crude oil volume per month under recurring transaction
Crude oil transaction volume (12 months) $72.0 million Total crude oil volume over twelve-month term through May 2027
Expected margin on crude trades 1% of contract value Anticipated recognition on standard crude trades
Special dividend payment date June 30, 2026 Reset payment date for special dividend of Adapti shares
Record date for special dividend September 5, 2025 Holders of record eligible for Adapti share dividend
Adapti shares held by Vivakor 206,595 shares Adapti, Inc. shares underlying the special dividend
Crude oil price context Above $100 per barrel Market backdrop noted for increased trading activity
commodities trading platform financial
"its commodities trading platform, Vivakor Supply & Trading (“VST”), has executed a recurring crude oil transaction"
A commodities trading platform is an online or physical marketplace where buyers and sellers can exchange raw materials like oil, gold, agricultural products, and metals. It functions like a digital marketplace or stock exchange, enabling investors to buy, sell, and manage contracts for these goods. This platform makes it easier for people to invest in commodities and helps ensure transparent and efficient trading.
special dividend financial
"reset the payment date for its special dividend of shares of Adapti, Inc. the Company owns to June 30, 2026"
A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.
ex-dividend date financial
"The special dividend will be paid to holders of record of Vivakor common shares as of September 5, 2025, the previously announced ex-dividend date"
The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.
forward-looking statements regulatory
"This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Nasdaq Capital Market market
"our ability to maintain the listing of our securities on The Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
integrated infrastructure platform technical
"Vivakor Secures $72 Million Crude Oil Transaction Through Integrated Infrastructure Platform"
Understanding 8-K Material Events →
false 0001450704 0001450704 2026-04-30 2026-04-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 30, 2026

 

VIVAKOR, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41286   26-2178141
(State or other jurisdiction of   (Commission   (IRS Employer
incorporation or organization)   File Number)   Identification No.)

 

5220 Spring Valley Rd. Suite 500

Dallas, TX 75254

(Address of principal executive offices)

 

(469) 480-7175

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   VIVK   The Nasdaq Stock Market LLC
(Nasdaq Capital Market)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01

Regulation FD Disclosure.

 

On April 30, 2026, Vivakor, Inc. (the “Company”) issued a press release announcing that the Company had secured a $72 million crude oil transaction through its commodities trading platform, Vivakor Supply & Trading. The full text of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference in this Item 7.01.

 

On April 30, 2026, Vivakor, Inc. (the “Company”) issued a press release announcing that the Company had reset the payment date for its special dividend of shares of Adapti, Inc. the Company owns to June 30, 2026. The full text of the press release is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference in this Item 7.01.

 

The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 and Exhibit 99.2 is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. 

 

Item 8.01 Other Events.

 

On April 30, 2026, the Company issued the Press Releases regarding the $72 million crude oil transaction and resetting the dividend of shares of Adapti common stock owned by the Company. A copy of the press releases are filed as Exhibits 99.1 and 99.2 to this Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits.

 

Exhibit No.   Exhibit
99.1(1)   Press Release Announcing $72 Million Crude Oil Transaction1
99.2(1)   Press Release Announcing New Payment Date for Special Dividend of Adapti, Inc. Shares to June 30, 20261
104   Cover Page Interactive Data File (formatted as Inline XBRL document).

 

 

1  Exhibit is furnished and not filed, as described in Item 7.01.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  VIVAKOR, INC.
     
Dated: May 5, 2026 By: /s/ James Ballengee
    Name:  James Ballengee
    Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Vivakor Secures $72 Million Crude Oil Transaction Through Integrated Infrastructure Platform

 

Company Expands Trading Division with Increased Activity Across Key U.S. Basins as Crude Oil Trades Above $100 per Barrel

 

DALLAS, TX, April 30, 2026 (GLOBE NEWSWIRE) – Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced that its commodities trading platform, Vivakor Supply & Trading (“VST”), has executed a recurring crude oil transaction, extending through May 2027.

 

The transaction represents approximately $6.0 million in crude oil volume per month, or approximately $72.0 million over twelve-month term, and includes associated transportation services. The arrangement reflects continued execution of Vivakor’s integrated platform strategy, facilitating the movement of volumes across its network while supporting commercial activity across its logistics and infrastructure operations. Through its supply and trading platform, the Company is able to source, market, and coordinate volumes in a manner that enhances overall system connectivity and value.

 

Vivakor Chairman, President and CEO James Ballengee commented: “This transaction reflects continued execution of our strategy to integrate logistics, infrastructure, and marketing activities. We are seeing ongoing activity across key U.S. oil markets, particularly in core producing basins, which continues to support demand for efficient crude oil movement and marketing solutions. By facilitating volumes across our system, we can support customer needs while enhancing connectivity across our broader platform. Our supply and trading activities are designed to complement our operations and support the efficient movement of crude oil and related products.”

 

The Company’s supply and trading activities are designed to facilitate volumes across its platform and support broader commercial operations. On standard crude trades, the Company anticipates recognizing approximately 1% of the contract value.

 

About Vivakor, Inc.

 

Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.

 

Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

 

For more information, please visit our website: https://vivakor.com

 

 

 

 

Cautionary Statement Regarding Forward-Looking Statements

 

This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

 

These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

 

Investor Contact:
P: 469-480-7175
info@vivakor.com

 

 

 

Exhibit 99.2

 

Vivakor Resets Payment Date of Special Dividend to June 30, 2026

 

DALLAS, TX, April 30, 2026 (GLOBE NEWSWIRE) – Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced that it has reset the payment date of its previously announced special dividend to June 30, 2026.

 

The payment date adjustment is intended to allow the Company additional time to complete required filings with the U.S. Securities and Exchange Commission in connection with the consummation of the special dividend. The Company notes that the payment date may be subject to further adjustment if the required filings are not completed in a timely manner.

 

The special dividend will be paid to holders of record of Vivakor common shares as of September 5, 2025, the previously announced ex-dividend date.

 

Vivakor currently holds 206,595 shares of Adapti, Inc., a company that owns a multi-platform sports agency representing amateur and professional athletes at all levels. According to Adapti’s public filings, Adapti intends to integrate this agency with its AdaptAI software platform, which matches products with influencers to market athletic careers and associated branding opportunities. The acquired sports agency was previously owned by an entity controlled by James Ballengee, the Company’s Chairman, President and CEO.

 

About Vivakor, Inc.

 

Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating a fleet of oilfield trucking services across the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.

 

Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

 

For more information, please visit our website: https://vivakor.com

 

 

 

 

Cautionary Statement Regarding Forward-Looking Statements

 

This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

 

These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

 

Investor Contact:
P: 469-480-7175
info@vivakor.com

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What crude oil transaction did Vivakor (VIVK) announce in this 8-K?

Vivakor announced a recurring crude oil transaction via its Vivakor Supply & Trading platform representing about $6.0 million in crude oil volume per month, or $72.0 million over a twelve-month term extending through May 2027, including associated transportation services across its integrated infrastructure network.

How much revenue does Vivakor expect from the $72 million crude oil deal?

Vivakor states that on standard crude trades it anticipates recognizing approximately 1% of the contract value. Applied to the disclosed $72.0 million twelve‑month transaction, this implies relatively modest revenue compared with the total traded volume, reflecting its role in facilitating and marketing crude flows.

What change did Vivakor (VIVK) make to its special dividend timing?

Vivakor reset the payment date of its previously announced special dividend to June 30, 2026. The dividend consists of shares of Adapti, Inc. owned by Vivakor and remains payable to holders of record of Vivakor common shares as of September 5, 2025, the ex‑dividend date.

What is included in Vivakor’s special dividend of Adapti, Inc. shares?

Vivakor currently holds 206,595 shares of Adapti, Inc., which form the basis of the special dividend. Adapti owns a multi‑platform sports agency and, according to its public filings, intends to integrate this agency with its AdaptAI software platform to match products with influencers.

Why did Vivakor delay the special dividend payment date to June 30, 2026?

The company explains that resetting the payment date to June 30, 2026 allows additional time to complete required SEC filings related to consummating the special dividend. Vivakor also notes that the payment date may be adjusted further if these regulatory filings are not completed in a timely manner.

How does the crude oil transaction support Vivakor’s business strategy?

Vivakor indicates the transaction reflects continued execution of its strategy to integrate logistics, infrastructure, and marketing activities. By using its supply and trading platform to source and coordinate crude volumes, it aims to enhance connectivity and commercial activity across its transportation, storage, and infrastructure operations in key U.S. basins.

Filing Exhibits & Attachments

5 documents

Press Releases

Other Documents