Vivakor issues $5.12M convertible notes to accredited investors

Vivakor, Inc.

Issued $5,117,647 aggregate principal convertible notes to seven non-affiliated accredited investors.
Net proceeds of $4,350,000 before $391,500 placement agent and other fees.
Notes mature in 12 months, 15% OID, 10% one-time interest, convertible at 80% of lower of two price metrics.
Issued 652,500 incentive shares to holders as additional consideration.
Exempt from registration under Section 4(a)(2) of Securities Act.

item 3.02item 9.01

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