Vivakor reinstates Series A preferred dividend, issues 3.74M shares to extinguish $500K CEO debt

Vivakor, Inc.

Amendment reinstates 6% annual dividend on Series A Preferred from April 30, 2026 to April 29, 2027; issues 3,740,586 common shares for three dividend periods.
Ballengee Holdings (controlled by CEO James Ballengee) extinguishes $500,000 of its promissory note in exchange for the dividend shares.
Of the shares issued, 1,445,349 go to entities controlled by CEO (Jorgan Development, JBAH Holdings).
The company will 'true up' share amounts if dividend share calculations are incorrect in future periods.
Debt reduction of $500K improves balance sheet but dilutes common shareholders via 3.74M share issuance.

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