Vivakor agrees to issue 3,740,586 restricted shares for Series A preferred dividends owed
VIVK•Vivakor agrees to issue shares for preferred dividends
Vivakor agreed July 7, 2026 to issue 3,740,586 restricted common shares to satisfy dividends owed on its Series A Preferred Stock.
The issuance covers dividend periods ending April 30, 2026, July 31, 2026, and Oct. 31, 2026.
1,445,349 shares will go to Jorgan Development and JBAH Holdings, entities controlled by CEO James Ballengee, or their assignees.
The transaction is tied to an amendment under which Ballengee Holdings will extinguish $500,000 owed under a May 23, 2024 promissory note.
The shares were issued without registration under a Section 4(a)(2) exemption.
