Benzinga - 2025-07-30 12:31
Vivakor (NASDAQ:VIVK) on Wednesday announced the sale of the non-core business units of Meridian Equipment Leasing, LLC, and Equipment Transport, LLC, subsidiaries of Vivakor Transportation, LLC, an indirect wholly-owned subsidiary of the company. Vivakor Chair and CEO James H. Ballengee said that the net consideration of approximately $11 million and the elimination of approximately $59 million in debt significantly improved the company’s credit metrics and strengthened its capital structure. T