Vivakor default accelerates $7.66M debt; lender converts $200K into shares

Vivakor, Inc.

Received default notice from J.J. Astor & Co. on Sept. 17, 2025 under $6.625M junior secured convertible note.
All obligations accelerated; total due ~$7,660,000 as of default date.
Lender converted $200,000 principal into 720,072 shares without restrictive legend via Rule 144.
Original note provided $5,000,000 net proceeds to Vivakor after fees; previous amendments existed.

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