Olenox delays closing for Vivakor Oklahoma midstream asset deal to April 30, 2026

Vivakor, Inc.

Vivakor, Inc.

VIVKD

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  • Olenox Industries amended its letter of intent to buy Vivakor unit CPE Gathering MidCon, which operates Omega crude-oil gathering and transportation system in Oklahoma STACK.
  • Targeted closing date moved to April 30, 2026, from March 31, 2026.
  • Revised timeline sets latest closing date at May 15, 2026.
  • Transaction value remains about $36 million, payable through mix of cash, promissory note, common stock, preferred stock.
  • Valuation is based on $4.56 million in annual EBITDA tied to a Vivakor take-or-pay guarantee.


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