SplitJul 14, 2026, 04:31 PM
Vivakor Announces 1-for-20 Reverse Stock Split
AI Summary
Vivakor, Inc. announced a 1-for-20 reverse stock split of its common stock, effective July 17, 2026. The action is intended to increase the per-share trading price and ensure continued listing on the Nasdaq Capital Market. Following the split, the company's outstanding shares will decrease from approximately 13.34 million to 667,200, while authorized shares remain unchanged. Shareholders approved the board's authority to implement such a split at the recent annual meeting.
Key Highlights
- Vivakor announced a 1-for-20 reverse stock split of its common stock.
- The reverse stock split is expected to become effective on July 17, 2026.
- The split aims to increase the per-share trading price and maintain Nasdaq listing.
- Stockholders approved a reverse stock split ratio range at the June 30, 2026 AGM.
- Outstanding shares will reduce from approximately 13,344,000 to 667,200.
- The number of authorized shares will remain unchanged.
- The common stock will trade under new CUSIP number 92852R601.
- Stockholders with fractional shares will receive one whole share instead.
Price Impact
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