Financing ·
Vivakor, Inc. entered into an amendment to a debt satisfaction and preferred stock agreement to extinguish a $500,000…
VIVKVivakor, Inc.
Vivakor, Inc. entered into an amendment to a debt satisfaction and preferred stock agreement to extinguish a $500,000 promissory note dated May 23, 2024, in exchange for reinstating the 6% annual dividend on Series A Preferred Stock from April 30, 2026, to April 29, 2027, and issuing 3,740,586 shares of restricted common stock for those dividend periods. A portion of 1,445,349 shares were issued to entities controlled by CEO James Ballengee. Vivakor, Inc. is a technology-driven company focused on waste-to-value recycling and recycling-related technologies.