Core Viewpoint - Vivakor, Inc. has entered into forbearance agreements with eight investors to extend the maturity of its convertible promissory notes until January 2027, revising payment terms to support compliance with Nasdaq listing standards [1][2][4]. Group 1: Forbearance Agreements - The forbearance agreements allow noteholders to refrain from exercising default remedies, contingent on Vivakor's compliance with the amended terms [2]. - The agreements extend the maturity of the notes to January 2027 and establish revised payment schedules requiring scheduled cash payments through maturity [2]. Group 2: Company Strategy and Financial Position - Vivakor's CEO stated that these agreements provide additional time to address near-term obligations and align the capital structure while working to restore Nasdaq listing [3]. - The company is supported by a non-binding Letter of Intent to sell its midstream business and transportation assets for approximately $36 million, based on $4.56 million in annual EBITDA [3]. - The agreements reduce near-term maturity and conversion pressure while the company works to regain compliance with Nasdaq listing standards [3]. Group 3: Operational Context - Vivakor is an integrated provider of energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [6]. - The company aims to develop, acquire, and operate assets in the energy sector, providing services under long-term contracts [6].

Core Viewpoint - American Rebel Holdings, Inc. has taken significant steps to strengthen its balance sheet and align leadership by converting approximately $2.05 million of accrued obligations into Series D Convertible Preferred Stock, which supports ongoing efforts to maintain its Nasdaq listing and improve stockholders' equity [1][4][3]. Leadership and Management Actions - The Board of Directors and senior management, including the President and CEO, opted to convert accrued fees and compensation into equity, demonstrating their commitment to the company's long-term value [3][4]. - This conversion is part of a broader strategy to enhance stockholders' equity and reduce liabilities on the balance sheet [5][4]. Financial Impact - The conversion involved the issuance of Series D Convertible Preferred Stock valued at $7.50 per share, which was exchanged for various accrued obligations previously recorded as liabilities [2][9]. - The action is expected to preserve cash that would have been used to settle these obligations, thereby improving the company's financial position [5][4]. Specific Conversions - Notable conversions include: - Doug Grau (former President): 62,211 shares for accrued advances totaling $466,581.10 - Andy Ross (CEO): 73,439 shares for accrued bonuses totaling $550,791.96 - Corey Lambrecht (COO): 69,381 shares for accrued amounts totaling $520,351.28 - Independent Directors also converted accrued fees into shares [6]. Strategic Context - This action is part of a series of strategic initiatives aimed at maintaining Nasdaq compliance and enhancing stockholders' equity, which includes various corporate actions communicated throughout 2025 [8][12]. - The company has also filed a registration statement on Form S-8 related to its 2025 Stock Incentive Plan, which includes shares reserved for future conversions [9][10]. Future Considerations - Each share of Series D Convertible Preferred Stock is convertible into five shares of common stock, indicating potential future dilution but also aligning insider interests with those of stockholders [11][10].