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Vivakor Priced, Nasdaq: VIVK

Provides soil remediation services focused on hydrocarbon extraction.

Industry: Industrials

Latest Trade: $1.25 0.00 (0.0%)

First Day Return: -7.0%

Return from IPO: -75.0%

Industry: Industrials

Vivakor is a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, primarily focused on soil remediation. We specialize in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. Our process allows us to successfully recover hydrocarbons from the soil, which we believe could then be used to produce asphaltic cement and/or other petroleum-based products. In 2015, we acquired and improved technology aimed at remediating contaminated soil and recovering usable hydrocarbons, which we refer to as Remediation Processing Centers (“RPCs”). We presently have three patent applications pending related to our RPCs and two issued patents related to our other remediation technologies. Our RPCs each have the potential to clean a minimum of 20 tons of contaminated material per hour, depending on the oil contamination percentage in the processed material. Each RPC has the capacity to extract on a 24-hour operation 500 tons or more of contaminated material per day.
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IPO Data
IPO File Date 11/10/2020
Offer Price $5.00
Price Range $4.50 - $6.50
Offer Shares (mm) 1.6
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/11/2022
Offer Price $5.00
Price Range $4.50 - $6.50
Offer Shares (mm) 1.6
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EF Hutton
Company Data
Headquarters South Salt Lake City, UT, United States
Founded 2006
Employees 25
Website www.vivakor.com

Vivakor (VIVK) Performance