---
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"
generated_at: "2026-06-14T11:48:03.497195+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Vivic Corp. converts $1.1M debt into 1.1M common shares at $0.99/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019472
- JSON: https://secwatch.observer/filing/0001493152-23-019472.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019472.txt

## Key facts
- Material Agreements
  VIVIC CORP. entered into Debt Conversion Agreement with Yun-Kuang Kung valued at $1,100,000 (effective 2023-05-26).
  - Action: entry
  - Counterparty: Yun-Kuang Kung
  - Value: $1,100,000
  - Effective: 2023-05-26
  source text: On May 26, 2023, Vivic Corp. (the “Company”) entered into a Debt Conversion Agreement (the “Conversion Agreement”) with Yun-Kuang Kung (“Kung”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703073/000149315223019472/0001493152-23-019472-index.htm

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