Vivakor, Inc. (VIVK): debt financing — Vivakor receives $1M loan at 10% with CEO guarantee; issues 100k restricted shares

Vivakor, Inc.

Loan principal of $1,000,000 from non-affiliate individual lender, matures Dec 31, 2024.
Annual interest rate of 10%; loan personally guaranteed by CEO James Ballengee.
In connection, Company issued 100,000 restricted common shares under Section 4(a)(2) exemption.

item 1.01 item 2.03 item 3.02

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Vivakor, Inc. incurred loan of $1,000,000 with individual lender at 10% per annum maturing December 31, 2024.

Instrument: loan
Principal: $1,000,000
Counterparty: individual lender
Rate: 10% per annum
Maturity: December 31, 2024
Event: incurrence

Exact text from the filing

On December 5, 2023, Vivakor, Inc. (the “Company”) received a loan from an individual lender in the principal amount of one million dollars ($1,000,000)

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299 debt financings filed in the last 30 days. Browse all debt financings →

Vivakor, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-24-000700

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