Vivakor's 1-for-20 reverse stock split goes effective July 17. The move cuts the share count to ~667,000, aiming to lift the stock price above Nasdaq's $1 minimum. The risk of further delisting pressure remains.
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Vivakor said it will execute a 1-for-20 reverse stock split, effective at the open on July 17. The Dallas-based energy services company expects the move to lift its share price above the Nasdaq minimum bid requirement.
Shareholders approved the split at the June 30 annual meeting. The board selected the 1-for-20 ratio from a range of 1:2 to 1:2000. The company's outstanding shares will drop from about 13.34 million to roughly 667,200. Authorized shares stay the same. No fractional shares will be issued; holders who would get a fraction will receive one whole share instead. The new CUSIP number is 92852R601. The stock will keep trading under the ticker VIVK.
Reverse splits often carry a stigma. They can signal that the company cannot maintain its listing through organic growth or a secondary offering. For Vivakor, the risk is that the stock price falls back below the $1 threshold after the split, which would force the company to consider another reverse split or face delisting. The company's stock has traded at low levels for months, and the reverse split does not change the underlying fundamentals.
Vivakor operates oilfield trucking and provides crude oil storage, transportation, and remediation services under long-term contracts. The company also has interests in oilfield waste remediation facilities. It reported a net loss of $5.2 million for the first quarter of 2026, according to its most recent filing.
The effective date is July 17. The company must then maintain a closing bid price of at least $1 for 10 consecutive trading days to regain compliance with Nasdaq rules.
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