Vivakor enters forbearance agreements with convertible noteholders

Vivakor (VIVK) entered into forbearance agreements with eight investors holding the Company’s convertible promissory notes, extending maturities until 2027 and revising payment terms as part of its ongoing efforts to address its capital structure and support compliance with Nasdaq listing standards. Under the terms of the agreements, the noteholders have agreed to forbear from exercising default remedies, subject to Vivakor’s compliance with amended terms. The agreements extend the maturity of the notes to January 2027 and establish revised payment schedules requiring scheduled cash payments through maturity. Conversions under the notes are limited unless the Company fails to make the agreed payments or does not get relisted on Nasdaq by February 28, 2026. This deadline may be extended if the Company has applied for a reverse stock split and is awaiting regulatory approval necessary to complete the split. As a result of the amended terms, the agreements reduce near-term maturity and conversion pressure while the Company works to complete the steps required to regain compliance with Nasdaq listing standards. The Company entered into the agreements as part of its ongoing efforts to address its capital structure, preserve liquidity, and support compliance with Nasdaq listing standards, while it continues to evaluate strategic, operational, and financial alternatives to enhance long-term value.