Vivakor’s Strategic Merger Expands Energy Market Presence

Vivakor Inc (VIVK) has shared an update.

Vivakor, Inc. has announced a significant move in the energy sector with its entry into a Merger Agreement with Empire Energy Acquisition Corp. and Empire Diversified Energy, Inc. This strategic merger will result in Empire becoming a wholly owned subsidiary of Vivakor. Shareholders of Empire will see their shares converted into 67,200,000 shares of Vivakor’s common stock, with the deal valuing each share at $1.00 and an overall aggregate value of $67.2 million. This marks a pivotal step for Vivakor as it expands its market presence and shareholder value.

For a thorough assessment of VIVK stock, go to TipRanks’ Stock Analysis page.