FAQ on Vivakor, Inc.'s Sale of Non-Core Subsidiaries and Debt Elimination

What subsidiaries did Vivakor, Inc. sell?

Vivakor, Inc. sold its non-core subsidiaries, Meridian Equipment Leasing LLC and Equipment Transport LLC.

How much did the sale of the subsidiaries generate for Vivakor, Inc.?

The sale generated approximately $11 million in net consideration for Vivakor, Inc.

How much debt was eliminated as a result of the sale?

The sale removed about $59 million in debt from Vivakor, Inc.’s balance sheet.

What are the benefits of this sale for Vivakor, Inc.?

The sale improves Vivakor’s credit metrics, strengthens its capital structure, reduces annual interest expenses, and allows the company to focus on higher margin segments like crude oil transportation and environmental remediation services.

Who is the Chairman, President and CEO of Vivakor, Inc.?

James H. Ballengee is the Chairman, President and CEO of Vivakor, Inc.

What is Vivakor, Inc.’s strategy following the sale of its non-core subsidiaries?

Vivakor’s strategy is to streamline operations, raise cash, enhance capital efficiency, and redirect focus toward higher margin segments including crude oil transportation, midstream infrastructure, and environmental remediation services.

Where can I find more information about Vivakor, Inc.?

For more information, please visit Vivakor’s website at http://vivakor.com or the company’s newsroom at https://ibn.fm/VIVK.

What sectors is Vivakor, Inc. focusing on after the sale?

After the sale, Vivakor, Inc. is focusing on higher margin segments including crude oil transportation, midstream infrastructure, and environmental remediation services.

How does the sale affect Vivakor, Inc.’s interest expenses?

The sale cuts Vivakor, Inc.’s annual interest expenses by eliminating about $59 million in debt.

Where can I view the full press release about the sale?

The full press release can be viewed at https://ibn.fm/etqLw.