Vivakor, Inc. Issues Common Stock in Convertible Note Conversions (Aug 2026)

What Happened

• Vivakor, Inc. (VIVK) filed an 8‑K reporting that it issued a total of 1,299,513 shares of common stock upon conversions of two previously issued convertible promissory notes. On August 3, 2026, an accredited investor converted $135,328 of principal and interest under a Note (original principal $647,059; company received $550,000) into 139,513 shares, satisfying all amounts due under that Note. Between July 29 and August 3, 2026, J.J. Astor & Co. converted $1,199,342.24 of amounts due under a Second Note (original principal $5,940,000; company received $4,400,000) into 1,160,000 shares.

Key Details

• Total shares issued on conversion: 1,299,513 common shares (139,513 to the accredited investor; 1,160,000 to J.J. Astor).
• Conversion amounts: $135,328 (investor conversion) and $1,199,342.24 (J.J. Astor conversions).
• Original financings: Note dated Aug 12, 2025 (principal $647,059; net proceeds $550,000); Second Note dated July 9, 2025 (principal $5,940,000; net proceeds $4,400,000).
• Shares were issued without a Rule 144 restrictive legend based on legal opinions; issuances were exempt from registration under Section 4(a)(2) as the holders are accredited and familiar with the company.

Why It Matters

• For investors, these conversions reduce the company’s convertible debt obligations but increase the outstanding share count by about 1.3 million shares, which can dilute existing shareholders’ ownership and per‑share metrics.
• The filings confirm the company is settling portions of its financing through equity rather than cash, and the lack of restrictive legends means the converted shares may be freely transferable per the legal opinions noted.