Financing ·
Vivakor, Inc. reported several significant equity conversions from convertible promissory notes, including 371,000…
VIVKVivakor, Inc.
Vivakor, Inc. reported several significant equity conversions from convertible promissory notes, including 371,000 shares issued to a single holder, 448,038 shares to several lenders, and 1,631,014 shares to J.J. Astor & Co. Additionally, the company's subsidiary, Vivakor Supply & Trading, LLC, announced two new recurring physical crude oil purchase and sale transactions expected to generate $384 million in annualized activity, bringing the total platform's annualized activity to over $1.09 billion. The company also announced that capital funding for its Houston Remediation Processing Center has been fulfilled, allowing commissioning activities to begin. Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services.