Vivakor closes $6M convertible note with 20% discount conversion, secures $100M equity line

Filed May 14, 2026 · Period ending May 8, 2026 · ~1 min read

Key Changes

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  Closed first $6M of $12M convertible note financing with 20% original issue discount—investors pay $12M but receive $15M in principal, immediately increasing debt burden 25% above cash received.

  Item 1.01: Entry into Material Agreement verify on EDGAR →
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  Notes convert to stock at 20% discount to market (80% of lowest 5-day VWAP, $0.37 floor). Investors can waive 4.99% ownership cap, potentially flooding market with discounted shares and causing severe dilution.

  Item 1.01: Conversion Terms verify on EDGAR →
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  Secured $100M standby equity line allowing share sales at 6% discount over 36 months—provides flexible capital but creates ongoing dilution as shares sold below market.

  Item 1.01: SEPA Agreement verify on EDGAR →