{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-019472","form_type":"8-K","ticker":"VIVC","cik":"0001703073","company_name":"VIVIC CORP.","filed_at":"2023-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.117289+00:00","generated_at":"2026-06-14T11:48:03.497195+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Vivic Corp. converts $1.1M debt into 1.1M common shares at $0.99/share","bullets":["Converted $1,100,000 debt owed to Yun-Kuang Kung into 1,111,111 shares of common stock at $0.99 per share.","Shares issued in reliance on Regulation D/S exemptions; Kung is accredited non-US investor.","Reduces debt by $1.1M but increases share count by 1.1M, causing shareholder dilution.","Transaction closed May 26, 2023; no other material terms disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-019472","json":"https://secwatch.observer/filing/0001493152-23-019472.json","markdown":"https://secwatch.observer/filing/0001493152-23-019472.md","text":"https://secwatch.observer/filing/0001493152-23-019472.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703073/000149315223019472/0001493152-23-019472-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703073/000149315223019472/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T11:48:03.497195+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b932262bb41228ce1be680c61e84b1cff4f3c93f","claim":"VIVIC CORP. entered into Debt Conversion Agreement with Yun-Kuang Kung valued at $1,100,000 (effective 2023-05-26).","evidence_excerpt":"On May 26, 2023, Vivic Corp. (the “Company”) entered into a Debt Conversion Agreement (the “Conversion Agreement”) with Yun-Kuang Kung (“Kung”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703073/000149315223019472/0001493152-23-019472-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Yun-Kuang Kung"},{"label":"Value","value":"$1,100,000"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}