On the potential delisting of ordinary shares of Vivakor, Inc. (VIVK)

The International Trading System Limited (ITS) informs trading members of the potential delisting of ordinary shares of Vivakor, Inc. (ISIN US92852R4039, QI) from The NASDAQ Stock Market LLC (Nasdaq).

Information regarding the QI's status on Nasdaq

On December 29, 2025, Vivakor, Inc. (Company) submitted a report on Form 8-K to The United States Securities and Exchange Commission (SEC). According to the report, trading of the Company’s common stock was suspended at the opening of business on December 26, 2025 due to its non-compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), because the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days during the earlier granted grace period.

Additionally, on December 11, 2025, Nasdaq notified the Company that it had failed to comply with Nasdaq’s shareholder approval requirements set forth in Listing Rule 5635(d), which requires shareholder approval before issuing 20% or more of pre-transaction shares at below the Minimum Price. The Company must submit a compliance plan by January 26, 2026.

It is expected that a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on the Nasdaq.

On December 24, 2025, the Company submitted an appeal to the Staff’s determination, and a hearing has been scheduled for January 29, 2026. The Company will provide the Nasdaq with a plan to regain compliance. There can be no assurance that the Company will be successful in its appeal or be able to regain compliance with the listing standards discussed above.

Information regarding the actions taken by ITS

ITS will publish separate notices on the procedures undertaken by ITS outlining how trading in these qualified investments will be carried out.

ITS prohibited submission of Orders and Repurchase Orders in respect of the QI, and restricted ability to conclude Agreements and Repurchase Agreements based on such Orders in all Trading Modes starting from starting from 14:00 Astana time on 30.12.2025.

If the Company’s ordinary shares are delisted from Nasdaq, ITS will terminate trading in the QI. However, in case the Company’s ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares.