secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001829126-23-004384
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor issues $1.95M secured promissory note to Al Dali for RPC relocation to Kuwait
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- Principal amount up to $1,950,000 at 15% interest; repayment from RPC operations.
- Note secured by option to purchase 1M shares at $1.179/share and security interests in RPC.
- Proceeds to refurbish and relocate RPC from Vernal, UT to Kuwait; $12/ton deducted from service fees for repayment.
- Default penalty $5,000 per day added to principal amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912623004384/0001829126-23-004384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912623004384/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004384

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer