Thu, Aug 1, 9:31 PM (88 days ago)
Vivakor, Inc. (Nasdaq: VIVK) reported significant corporate events on July 26, 2024. The company entered into a Strata Purchase Agreement with ClearThink Capital Partners, LLC, establishing an Equity Line of Credit (ELOC) for up to $5 million. ClearThink will purchase shares in tranches, capped at $1 million or 500% of the 10-day average trading volume, with a minimum tranche of $25,000 and a 10-day interval between tranches. Additionally, Vivakor executed a Securities Purchase Agreement with James K. Granger, who acquired 1.6 million common shares for $800,000 at $0.50 per share, funded on July 31, 2024. Both transactions involve unregistered equity securities under Rule 144 restrictions. These actions aim to strengthen Vivakor’s financial position and potentially impact its stock value positively.