Vivakor shares surge 63.09% pre-market after shareholders approve capital measures and non-binding LOI to acquire Coyote Oilfield Services.

Vivakor surged 63.09% in premarket trading following shareholder approval of major capital measures, including a share increase and a new equity plan, alongside the announcement of a non-binding letter of intent to acquire Coyote Oilfield Services. The proposed acquisition aims to expand Vivakor’s midstream capabilities through Coyote’s expertise in pipeline development, terminal operations, and energy marketing, positioning the company to strengthen its integrated infrastructure and logistics solutions. The deal, targeted to close by February 28, 2026, aligns with broader midstream sector momentum and signals strategic growth ambitions, fueling investor optimism.