other material
confidence high
sentiment neutral
materiality 0.50
Vivakor issues 4.85M shares upon conversion of $304K in convertible notes
Vivakor, Inc.
- Two holders converted $180,467 of Notes into 2,920,639 unregistered shares.
- Lender J.J. Astor & Co. converted $123,693 of Initial Note into 1,928,188 shares, fully satisfying the note.
- Shares issued without Rule 144 restrictive legends based on legal opinion; exempt under Section 4(a)(2).
- Conversions occurred on Nov 19-20, 2025; company previously issued $575,000 Notes in May 2025.