---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003211"
form_type: "8-K"
ticker: null
cik: "0001102432"
company_name: "VIKING ENERGY GROUP, INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:48:15.008939+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Viking Energy enters $4.8M convertible note facility with FK Venture at 12% interest

## Summary
- Minimum $4.8M funding over 6 months at $800k per month; up to $9.6M if all monthly purchases made.
- Notes bear 12% interest, mature July 1, 2025 or 90 days after exchange up-listing (excluding Camber merger).
- Conversion price: lesser of $0.75 or 50% of Camber Energy VWAP on day prior to Camber merger close.
- Proceeds used for general working capital; notes convertible into common stock, creating potential dilution.
- Initial $800k note funded May 5, 2023; obligation under SPA created direct financial obligation.

## SEC filing metadata
- accession: 0001477932-23-003211
- form_type: 8-K
- cik: 0001102432
- company_name: VIKING ENERGY GROUP, INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102432/000147793223003211/0001477932-23-003211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102432/000147793223003211/vkin_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003211
- JSON: https://secwatch.observer/filing/0001477932-23-003211.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003211.txt

## Key facts
- Debt Financings
  VIKING ENERGY GROUP, INC. incurred convertible notes of $800,000 with FK Venture LLC at 12% per annum maturing the earlier of earlier of July 1, 2025, or 90 days following the date that the Company completes a direct up-listing of its common stock to a national securitie.
  - Instrument: convertible notes
  - Principal: $800,000
  - Counterparty: FK Venture LLC
  - Rate: 12% per annum
  - Maturity: the earlier of earlier of July 1, 2025, or 90 days following the date that the Company completes a direct up-listing of its common stock to a national securitie
  - Event: incurrence
  source text: May 5, 2023, and the Company agreed to issue to the Seller, convertible promissory notes (each such note a “ Note ”), with each Note having a minimum principal amount of $800,000 (for aggregate minimum funding to the Company of $4,800,000 under the SPA); and (ii) the Investor would have the right to purchase up to an aggregate of $9,600,000 in principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102432/000147793223003211/0001477932-23-003211-index.htm
- Material Agreements
  VIKING ENERGY GROUP, INC. entered into SPA with FK Venture LLC valued at up to an aggregate of $9,600,000 in principal amount of Notes (effective 2023-05-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: FK Venture LLC
  - Value: up to an aggregate of $9,600,000 in principal amount of Notes
  - Effective: 2023-05-05
  source text: Effective as of May 5, 2023, Viking Energy Group, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ SPA ”) with FK Venture LLC, a Delaware limited liability company (the “ Investor ”), pursuant to which (i) the Investor agreed to purchase, by the fifth calendar day of each month for six months commencing May 5, 2023, and the Company agreed to issue to the Seller, convertible promissory notes (each such note a “ Note ”), with each Note having a minimum principal amount of $800,000 (for aggregate minimum funding to the Company of $4,800,000 under the SPA); and (ii) the Investor would have the right to purchase up to an aggregate of $9,600,000 in principal amount of Notes provided the Investor has purchased each Note monthly as required.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102432/000147793223003211/0001477932-23-003211-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.