SPV Capital of $22.6 Million To-Date Has Fully-Funded Three RPCs Without Dilution of Public Shareholder Equity
IRVINE, CA / ACCESSWIRE / May 17, 2022 / Vivakor, Inc. (NASDAQ:VIVK) ('Vivakor' or the 'Company'), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, is pleased to announce its participation and presentation at 2022 Mick Law Energy & Global Alts Symposium on May 15-17, 2022 in Dallas/Plano, Texas. Vivakor will be presenting its equipment financing structure that allows for investors to participate in the funding and ownership of the Remediation Processing Centers (RPCs).
Mick Law admittedly does not want to be in the conference business, but utilizes its ability to preselect qualified people with well-structured investments theses and strategic leads to meaningful education of its clients.
Vivakor Chief Executive Officer, Matt Nicosia, commented, 'As we continue with our success in accessing capital for our Special Purpose Vehicles (SPVs) in order to fund our Remediation Processing Centers (RPCs), we look forward to presenting and holding discussions with the 70+ broker-dealers, RIAs and family offices that attend Mick Law's Energy & Global Alts Symposium. We are always seeking out new relationships to build on our strategy of funding the expansion of our RPCs via SPV structures that allow us to access capital without diluting our shareholders. As management believes the Company to be undervalued, we intend to finance our RPCs through this type of off-market transaction. '
Mick Law P.C., based in Omaha, Nebraska, is a specialty firm comprised of full-time and of-counsel attorneys who each possess a concentrated area of expertise and in-depth knowledge. For additional information on Mick Law and its 2022 Mick Law Energy & Global Alts Symposium, please visit: https://micklawpc.com/events/
About Vivakor, Inc.
Vivakor, Inc. (NASDAQ:VIVK), is a clean energy technology company focused in the area of oil remediation and natural resources. Vivakor's corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on its patented Remediation Processing Centers that allows for the environmentally friendly recovery of bitumen (heavy crude) and other hydrocarbons from the remediation of contaminated soils. It is believed to be the only remediation system that can clean soils with more than 5% by weight oil contamination while fully recovering the oil and leaving the soil fully viable for reuse. It is currently focused extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum-based remediation projects in Kuwait and in Houston Texas.
For more information, please visit our website: http://vivakor.com
This news release may contain forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words 'anticipates,' 'expects,' 'intends,' 'plans,' 'should,' 'could,' 'would,' 'may,' 'will,' 'believes,' 'estimates,' 'potential,' or 'continue' and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
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