Brief: Vivakor On February 26, Entered Into Agreement & Plan Of Merger With Empire Energy Acquisition Corp And Empire Diversified Energy, Inc

Vivakor

01/03/2024 23:31

March 1 (Reuters) - Vivakor Inc  VIVK.O :
    * VIVAKOR: ON FEBRUARY 26, ENTERED INTO AGREEMENT & PLAN OF
MERGER
WITH EMPIRE ENERGY ACQUISITION CORP AND EMPIRE DIVERSIFIED
ENERGY, INC
    * VIVAKOR:AS RESULT OF MERGER ALL SHARES OF EMPIRE'S COMMON
STOCK
TO BE CONVERTED INTO & EXCHANGED FOR RIGHT TO GET 67.2 MILLION
SHARES OF CO'S COMMON STOCK
    * VIVAKOR INC: UPON CLOSING OF MERGER CO'S NUMBER OF MEMBERS
OF
BOARD SHALL BE FIXED AT SEVEN
    * VIVAKOR: FROM & AFTER EFFECTIVE TIME, JAMES BALLENGEE
SHALL
CONTINUE TO SERVE AS CO'S CEO UNTIL EARLIER OF BOARD'S
APPOINTMENT OF A SUCCESSOR

Further company coverage:  VIVK.O 

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