Vivakor, Inc. disclosed the issuance of 1,299,513 shares of common stock to settle approximately $1.33 million in outstanding debt from two separate convertible promissory notes. The transactions occurred between July 29, 2026, and August 3, 2026, effectively converting debt obligations into equity.
Key Details
- J.J. Astor & Co. Conversion: Converted approximately $1.2 million due under a junior secured convertible note into 1,160,000 shares of common stock.
- Accredited Investor Conversion: A second investor converted $135,328 in principal and interest into 139,513 shares, fully satisfying a promissory note originally issued in August 2025.
- Securities Details: The shares were issued as unregistered securities, exempt from registration pursuant to Section 4(a)(2) of the Securities Act.