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VIVK · Analysis updated Nov 9, 2026, 4:49 PM ET
Why is Vivakor (VIVK) stock moving?
Vivakor is a distressed nano-cap. It had a 1-for-15 reverse split and has relied heavily on convertible notes that convert at a discount to market price. The stock fell from $1.50 on Oct 29 to $0.37 on Nov 5. A huge-volume session on Nov 6 (about 252M shares, intraday range $0.36 to $0.95) points to heavy conversion-related selling and speculative churn. The company announced on Nov 9 that it retired the last of four convertible notes, about $15.2M, which removes the debt. The cost is more dilution, and the market cap is only about $0.4M to $0.6M on third-party data. Today's close of $0.3793 is a fresh low zone, just above the $0.37 floor price cited in the May notes. Trailing revenue is about $89.6M, but net income is about -$103M. With the notes retired, the toxic conversion overhang may ease. Even so, the company may need new financing, and a Nasdaq minimum-bid or listing issue is a risk. Volatility is extreme.
News behind the analysis
- Vivakor Completes Retirement of Convertible Notes Totaling $15.2 MillionVivakor said a final conversion retired the last of four convertible notes, eliminating the related debt obligations.
- Vivakor (VIVK) Stock Price & OverviewAs of Nov 3 the market cap was about $363K on 545.58K shares outstanding. TTM revenue was $89.55M and net income was -$103.26M. The page lists the 1-for-15 reverse split announcement.
- Vivakor (VIVK) Stock Price, Quote, News & HistoryBenzinga notes shares fell 27% after hours following the announced 1-for-15 reverse split. Short interest was listed as very high.
- Vivakor (VIVK) on RobinhoodOn Nov 6 the stock traded between $0.34 and $0.49. It hit a 52-week low of $0.34, and the market cap was about $587K.
- Vivakor Form 10-Q: Convertible Promissory Notes termsThe $15.0M May 2026 notes convert at the greater of $0.37 and 80% of the lowest 5-day VWAP. Conversions are capped by Nasdaq's 19.99% issuance limit absent shareholder approval.