ShareholdingMay 14, 2026, 05:36 PM
Vivakor Registers 40.69M Shares for Resale; 1-for-200 Reverse Split
AI Summary
Vivakor, Inc. filed an S-1 registration statement for the resale of up to 40,686,375 shares of common stock by selling stockholders, primarily stemming from the conversion of $15.0 million in convertible promissory notes issued in a recent private financing. The company also entered into a Standby Equity Purchase Agreement for up to $100 million and recently effected a 1-for-200 reverse stock split. Vivakor explicitly states it is in an "unsound financial condition" and will not receive any proceeds from the selling stockholders' resale.
Key Highlights
- Registers 40,686,375 common shares for resale by selling stockholders.
- Includes 40,540,542 shares from $15.0M convertible notes ($12.0M gross proceeds).
- Notes conversion price: greater of $0.37/share or 80% of 5-day VWAP.
- Entered $100M Standby Equity Purchase Agreement (SEPA) on May 8, 2026.
- Effected 1-for-200 reverse stock split on March 24, 2026.
- Company states it is in "unsound financial condition."
- Will not receive proceeds from selling stockholders' resale.
- Common stock outstanding after full issuance: 44,787,301 shares.