Financing ·
Vivakor converts $500,000 of Fourth Note into 837,860 shares and advances proposed $40M acquisition of Direct Midstream
VIVKVivakor, Inc.
Between October 29 and 30, 2026, Vivakor issued 837,860 shares of common stock to J.J. Astor & Co. upon the conversion of $500,000 in principal amount due under its junior secured convertible promissory note (the Fourth Note). The issuance was exempt from registration under Section 4(a)(2) and carried no Rule 144 restrictive legend. Concurrently, Vivakor highlighted progress on its proposed $40 million acquisition of Direct Midstream LLC, noting a new conditional operating agreement for 52 New Mexico wells that could generate over $2 million in annual service revenue. The company also announced a nonbinding letter of intent to develop a hydrogen plant and fueling station at a Texas international airport. Vivakor is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services.