Vivakor Reinstates Series A Preferred Dividend; Ballengee Extinguishes $500,000 Note Under Amendment

Vivakor entered into Amendment No. 1 to its Debt Satisfaction and Preferred Stock Amendment Agreement on July 7, 2026. The amendment reinstates the 6% annual dividend on Series A Preferred Stock from April 30, 2026 to April 29, 2027 and provides for issuance of previously suspended dividend shares for April 30, July 31 and October 31, 2026, with a true-up mechanism. In exchange, Ballengee Holdings agreed to extinguish $500,000 outstanding under a May 23, 2024 promissory note.

Agreement details:

• Agreement type: Amendment No. 1 to Debt Satisfaction and Preferred Stock Amendment Agreement
• Counterparty: Ballengee Holdings
• Signed / Effective: Jul 07 2026 / same
• Duration / Termination: 1 year (Apr 30 2026–Apr 29 2027)
• Reason: Reinstate suspended preferred dividends and retire $500,000 promissory note

Original SEC Filing:

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