Vivakor Signs Term Sheet for $40M Commodity Intermediation Credit Facility to Support Crude Oil Trading

Vivakor Inc. (NASDAQ:VIVK) is one of the Reddit stocks that will go to the moon. On October 15, Vivakor announced the signing of a non-binding term sheet with an undisclosed wholesaler. The agreement is for the establishment of a $40 million commodity intermediation credit facility. The proposed facility is intended to provide additional credit support for Vivakor’s crude oil trading platform. The proposed arrangement, known as a commodity intermediation facility, is designed to function as a working capi ...