Vivakor converts $700K note into 5.24M shares; cumulative conversions $1.1M

Vivakor, Inc.

$700,000 of principal converted into 5,235,602 shares of common stock at ~$0.1337/share.
Cumulative conversions total $1.1M plus 250,000 commitment shares issued to J.J. Astor & Co.
Shares issued without restrictive legend under Section 4(a)(2) exemption to accredited investor.
Remaining principal on $6.625M note is approximately $5.525M after all conversions.
Conversions and prior issuances did not exceed 5% of outstanding stock since June 30, 2025.

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