Vivakor launches $108M crude oil deal, forms Texas wash plant JV with $4.25M commitment

Filed June 8, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  Secured one-year crude oil transaction covering ~100,000 barrels/month, generating approximately $9M monthly revenue ($108M annualized) at current market prices through May 2027.

  Item 7.01 verify on EDGAR →
• high

  Formed joint venture MRP to operate Texas remediation wash plant, committing $2.25M cash plus $2M in restricted stock (valued at 10-day VWAP) to CA-2 Materials managers, payable in 60 days.

  Item 1.01 verify on EDGAR →
• high

  Converted $1.04M of debt into 2.09M unrestricted common shares (implying ~$0.50/share), which can be freely traded immediately and may create near-term selling pressure.

  Item 3.02 verify on EDGAR →