12:14 PM EDT, 10/16/2025 (MT Newswires) -- Vivakor ( VIVK ) said Thursday it has struck a deal to sell about 8.4 million shares and some 14.7 million pre-funded warrants to an institutional investor to raise about $5 million.

The warrants are exercisable at $0.001 per share, the energy infrastructure & environmental services firm said. It expects to close the offering Oct. 17, with D. Boral Capital as the placement agent.

Vivakor ( VIVK ) said it plans to use the proceeds for working capital and general corporate purposes.

Shares of the company were up over 4% in recent trading.

Price: 0.31, Change: +0.01, Percent Change: +4.91