Vivakor, Inc. (VIVK) has implemented a 1-for-15 reverse stock split of its common stock, which became effective at the market open on October 5, 2026. The primary purpose of the split is to increase the per-share trading price to support the company's continued listing on the Nasdaq Capital Market. This action follows a previous 1-for-20 reverse stock split that occurred in July 2026.
Key Details
- Effective Date: The reverse stock split was effective with Nasdaq on October 5, 2026.
- Split Ratio: Every fifteen shares of issued and outstanding common stock were combined into one share.
- Impact on Shares: The number of outstanding shares was reduced from approximately 8,981,898 to approximately 598,794. The number of authorized shares remains unchanged.
- Approval: The split was approved by shareholders at the Annual Meeting on June 30, 2026.