Vivakor issues 3.92M shares to J.J. Astor on conversion of $400K of convertible note

Vivakor, Inc.

Lender converted $400,000 of principal amount into 3,923,492 shares of common stock on Oct 23, 2025.
Shares were issued without Rule 144 restrictive legend based on legal opinion, exempt under Section 4(a)(2).
Conversion price per share implied at approximately $0.102, significantly below recent market price.
Initial note was for $6.625M principal; company received $5M net in March 2025.
Lender J.J. Astor & Co. continues to hold remaining $6.225M principal balance.

item 3.02

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Vivakor, Inc. issued 3,923,492 shares of common stock to J.J. Astor & Co. for $400,000 of the Principal Amount.

Security: common stock
Shares: 3,923,492 shares
Purchaser: J.J. Astor & Co.
Consideration: $400,000 of the Principal Amount

Exact text from the filing

On October 23, 2025, the Company received a Notice of Conversion from the Lender converting $400,000 of the Principal Amount of the Initial Note into 3,923,492 shares of the Company’s common stock (the “Shares”).

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Vivakor, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-25-008534

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