Vivakor, Inc. (NASDAQ:VIVK) announced on October 23, 2025, the closing of a $40 million commodity intermediation credit facility aimed at expanding its crude oil trading operations. The facility, established on October 22, 2025, through Vivakor Supply & Trading, LLC, provides credit support for physical commodity transactions.
The one-year facility allows a single wholesaler to extend credit support, including letters of credit and guarantees, to sellers of physical commodities. Vivakor Supply & Trading will manage the transportation, logistics, and sales of these commodities, leveraging its affiliates' midstream logistics capabilities such as its trucking fleet and crude oil stations. Vivakor expects the facility to drive accretive revenue and diversify its crude oil marketing operations.
James Ballengee, Vivakor Chairman, President and CEO, stated that the closing effectively launches the company's trading platform, enhancing its ability to manage supply chain commodity flows. Chief Financial Officer Kimberly Hawley added that the facility strengthens liquidity and provides flexibility to scale trading and logistics operations efficiently.
In a separate development, Vivakor entered into a settlement agreement on October 17, 2025, with James Samuelson to resolve claims of unpaid work. Under the agreement, Vivakor will pay Samuelson $100,000 in cash by January 30, 2026. Additionally, Vivakor will issue shares of its common stock totaling $1,550,000 in four tranches between October 24, 2025, and November 24, 2025. The shares will be unrestricted and issued at a 20 percent discount to the average of the lowest 5 VWAPs over the 15 trading days prior to each issuance date. Samuelson's sale of these shares is subject to a leak-out agreement.
