Vivakor converts $1.97M of J.J. Astor note into 878,255 shares, retiring $5.94M Second Note

Vivakor, Inc.

J.J. Astor converted $1,972,472.08 of Second Note debt into 878,255 common shares per Notices of Conversion dated Oct. 9, 2026 (~$2.25 implied per share).
Conversions satisfy Vivakor's remaining obligations under the $5,940,000 junior secured convertible promissory note issued July 9, 2025.
The Second Note stemmed from a Loan and Security Agreement with J.J. Astor; Vivakor received $4,400,000 before fees on the original principal.
Shares were issued without a Rule 144 restrictive legend; exemption claimed under Section 4(a)(2), holder an accredited investor.
Issuance adds 878,255 shares of dilution outstanding; 8-K signed by Chairman/President/CEO James H. Ballengee and dated Oct. 15, 2026.

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