other material
confidence high
sentiment neutral
materiality 0.30
Vivakor issues 11.9M shares upon $50K convertible note conversion by lender
Vivakor, Inc.
- Lender J.J. Astor & Co. converted $50,000 of Second Note principal into 11,904,762 shares of common stock on Jan 12, 2026.
- Conversion exempt from registration under Section 4(a)(2); holder is an accredited investor.
- Shares issued without Rule 144 restrictive legend per legal opinion.
- The Second Note was originally issued July 9, 2025, for $5,940,000 principal; net proceeds $4.4M.