Vivakor, Inc. (VIVK) — Current Report

Key Insights

• Vivakor, Inc. received a notice of conversion from J.J. Astor & Co. to convert $50,000 of a junior secured convertible promissory note into 11,904,762 shares of the company's common stock.
• The share issuance was exempt from registration under Section 4(a)(2) of the Securities Act as the holder is an accredited investor and familiar with the company's operations.
• This conversion of debt into equity suggests a strategic partnership between Vivakor and J.J. Astor & Co. and may indicate confidence in the company's future prospects.