Vivakor shares surge 28.76% premarket after signing non-binding LOI to acquire Coyote Oilfield Services.

Vivakor surged 28.76% in premarket trading following the announcement of a non-binding letter of intent to acquire Coyote Oilfield Services, a midstream operator with expertise in pipeline development, terminal operations, and energy marketing. The deal, expected to close by February 28, 2026, aims to expand Vivakor’s infrastructure footprint and integrate Coyote’s capabilities into its logistics network. Shareholders also approved capital measures, including a share increase and new equity plan, to fund the acquisition. The strategic move aligns with broader midstream sector growth, positioning Vivakor to capture a larger share of the energy value chain. The stock’s sharp rise reflects investor optimism about enhanced operational scale and long-term integration opportunities, despite the company’s current negative earnings and volatility.