VIVK · Vivakor filed an 8-K reporting the conversion of $500,000 of a…

Vivakor filed an 8-K reporting the conversion of $500,000 of a convertible note into 837,860 shares issued to J.J. Astor & Co., representing significant dilution for a company with a $1M market cap. Separately, the company announced non-binding letters of intent for a hydrogen plant at a Texas airport and a potential $40M acquisition of Direct Midstream, both highly conditional and early-stage. The dilution event is the most concrete financial impact in the filing.

• J.J. Astor & Co. converted $500,000 of a $993,750 junior secured convertible promissory note into 837,860 shares of common stock between Oct 29-30, 2026
• Shares were issued without a Rule 144 restrictive legend
• Company received $710,000 (before fees) on the original $993,750 note issued Feb 27, 2026
• Market cap is approximately $1M, making the 837,860 share issuance highly dilutive relative to outstanding shares