Vivakor Amends LoI With Olenox Regarding Sale Of Its CPE Gathering MidCon Unit For ~$36M; Expects Deal To Close By July 31

Vivakor, Inc. (NASDAQ: VIVK ) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced that it has executed an amendment to its previously announced Letter of Intent with Olenox Industries, Inc. (NASDAQ: OLOX ) in connection with the proposed sale of the Company's CPE Gathering MidCon, LLC business. The amendment reflects the parties' continued progress toward meeting customary closing conditions and establishes a target closing date of July 31, 2026. Since execution of the original Letter of Intent, the parties have continued to advance due diligence, obtain required third-party consents, negotiate definitive transaction documentation and satisfy other customary closing requirements. To provide adequate time to complete these remaining items, the parties have agreed to target a July 31, 2026 closing and c...