secwatch.observer — SEC 8-K summary
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Issuer:     VIKING ENERGY GROUP, INC. (—)
CIK:        0001102432
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001477932-23-003211
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102432/000147793223003211/0001477932-23-003211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102432/000147793223003211/vkin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-003211

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