Vivakor Inc. and M2i Global Inc. have signed a non-binding indication of interest to evaluate a potential business combination. The proposed equity-exchange acquisition would pair Vivakor's commodities marketing and remediation operations with M2i's critical minerals platform, including a federally sited critical mineral repository initiative and commercial offtake relationships. The companies plan to negotiate for an initial 30-day period, focusing on valuation, transaction structure, management and board composition. Any transaction would remain subject to due diligence, definitive agreements, applicable approvals and customary closing conditions. Vivakor shares were down 2.63% at $1.295 during premarket trading on Thursday.
Vivakor IncNon-binding indication of interest to acquire M2i Global; potential business combination, but terms and completion uncertain.
