Vivakor shares surge 40.77% premarket after signing LOI to acquire Coyote Oilfield Services.

Vivakor surged 40.77% in premarket trading following shareholder approval of a share increase and a non-binding letter of intent to acquire Coyote Oilfield Services. The acquisition, targeting a midstream expansion through Coyote’s pipeline and oilfield expertise, aims to enhance Vivakor’s infrastructure capabilities and logistics solutions. The deal, expected to close by February 28, 2026, aligns with broader midstream sector momentum, including upstream production growth in the Permian basin. Shareholder endorsement of capital measures further signaled confidence in the company’s strategic direction, driving premarket optimism despite existing volatility and a negative P/E ratio.