---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-26-010995"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2026-10-09T21:03:20+00:00"
generated_at: "2026-10-12T14:59:54.051999+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Vivakor signs non-binding LOI to acquire Direct Midstream for $40 million at 4x targeted 2027 free cash flow

## Summary
- LOI covers 100% of Direct Midstream, LLC, a Midland, Texas produced water and oilfield waste company in the Permian Basin; price is 4x targeted 2027 free cash flow of $10 million.
- At closing Vivakor would invest $10 million in Direct Midstream, reducing consideration dollar-for-dollar; remainder would be ~$29 million Series B Preferred plus $1 million common stock.
- Gross purchase price is adjustable on actual 2027 free cash flow, with minimum and maximum thresholds of $30 million and $50 million.
- Between Oct 5-6, 2026, J.J. Astor converted $350,000 of the $5,940,000 Second Note into 128,965 VIVK common shares.
- Deal remains subject to due diligence, audited financials, a fairness opinion, funding of the $10 million investment, and a definitive purchase agreement.

## SEC filing metadata
- accession: 0001829126-26-010995
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2026-10-09T21:03:20+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912626010995/0001829126-26-010995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912626010995/vivakorinc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-010995
- JSON: https://secwatch.observer/filing/0001829126-26-010995.json
- Plain text: https://secwatch.observer/filing/0001829126-26-010995.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.