Vivakor, Inc. 8-K

What Happened

• Vivakor, Inc. announced it issued convertible promissory notes (the "Lender Notes") to seven non‑affiliated accredited investors under a Securities Purchase Agreement. The aggregate principal amount of the Lender Notes is $5,117,647.06, and the Company received $4,350,000 before customary fees.
• Between June 10 and June 11, 2026, one lender submitted Notices of Conversion converting $103,100.78 of note principal into 355,979 shares of common stock, which the Company issued. The issued shares were delivered without a Rule 144 restrictive legend based on a legal opinion.
• The company also filed a Regulation FD disclosure: a press release dated June 9, 2026 announcing first quarter 2026 financial results (attached as an exhibit).

Key Details

• Aggregate principal of Lender Notes: $5,117,647.06.
• Cash received by company (pre-fees): $4,350,000.
• Conversion executed June 10–11, 2026: $103,100.78 converted into 355,979 shares (implied price ≈ $0.29/share).
• Securities issued to accredited investors and exempt from registration under Section 4(a)(2).

Why It Matters

• The financing provides Vivakor with fresh capital (about $4.35M before fees), which affects the company's cash runway and ability to fund operations or projects.
• The note conversion increases the outstanding share count (355,979 shares issued), which can dilute existing shareholders; investors should monitor aggregate conversions and potential future dilution tied to these convertible notes.
• The June 9 press release with Q1 2026 results is the company’s formal update on financial performance; shareholders should read that release for details on revenue, earnings, or operational developments referenced by management.