debt
confidence high
sentiment negative
materiality 0.75
Vivakor borrows $750K from J.J. Astor; issues Fourth Note, pledges Oklahoma property
Vivakor, Inc.
- Borrowed $750K ($710K net after fees) via Fourth Junior Secured Convertible Promissory Note to J.J. Astor.
- Note matures April 6, 2026; default triggers 19% interest, 110% principal, 80% discount conversion.
- Conveyed ~25-acre Oklahoma property as additional collateral; property reconveyed if note paid in full.
- Relisting deadline on Nasdaq extended to April 6, 2026 under Fourth Forbearance Agreement.
- Company had $5.996M outstanding on Second Note as of Feb 5, 2026; multiple forbearance agreements in place.