{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-024812","form_type":"8-K","ticker":"VIVC","cik":"0001703073","company_name":"VIVIC CORP.","filed_at":"2023-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.913937+00:00","generated_at":"2026-06-13T07:07:54.214144+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Vivic Corp sells Chinese ship repair subsidiary to CEO's son for nominal value","bullets":["Sale of Guangdong Weiguan Ship Tech to Yun-Kuang Kung (CEO's son) for 1,000 RMB and indemnification.","Subsidiary had negative net assets >RMB 8.2M; appraiser noted potential liabilities for unpaid capital.","Divestiture part of plan to focus on Taiwan operations and pursue US stock exchange uplisting.","Consideration includes buyer's agreement to indemnify Vivic against all claims related to Weiguan Ship Tech."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-024812","json":"https://secwatch.observer/filing/0001493152-23-024812.json","markdown":"https://secwatch.observer/filing/0001493152-23-024812.md","text":"https://secwatch.observer/filing/0001493152-23-024812.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703073/000149315223024812/0001493152-23-024812-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703073/000149315223024812/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:07:54.214144+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":"333c75a74cf7706af4ce2613f495f1917df0c094","claim":"VIVIC CORP. entered into Stock Purchase Agreement with Yun-Kuang Kung valued at nominal monetary consideration (effective 2023-07-12).","evidence_excerpt":"On July 12, 2023, Vivic Corporation (Hong Kong) Co. Limited (“Vivic Hong Kong”), a wholly-owned subsidiary of Vivic Corp. (the “Company”), entered into a Stock Purchase Agreement with Yun-Kuang Kung (Mr. “Kung”) pursuant to which Mr. Kung acquired all of the shares of our indirectly wholly-owned subsidiary, Guangdong Weiguan Ship Tech Co., Ltd. (“Weiguan Ship Tech”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703073/000149315223024812/0001493152-23-024812-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Yun-Kuang Kung"},{"label":"Value","value":"nominal monetary consideration"},{"label":"Effective","value":"2023-07-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}