secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001683168-22-007258
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor appoints James Ballengee as CEO; to issue 7M shares to cancel $10M of notes
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- James Ballengee named CEO and Chairman; annual compensation of $1M in common stock at VWAP.
- Company to issue 7,042,254 restricted shares to cancel $10M of notes owed to Jorgan/JBAH, subject to shareholder approval.
- Ballengee gets rights to nominate two additional directors (third after note share issuance).
- Ballengee is sole manager of Jorgan Development, a seller in the prior $37.4M acquisition – related party.
- Note amendment requires filing a resale registration statement within 30 days of shareholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000168316822007258/0001683168-22-007258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000168316822007258/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007258

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