Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
Vivakor, Inc. incurred term loan of $3,000,000 with Cedarview Opportunities Master Fund LP at 22% per annum maturing May 5, 2025.
- Instrument
- term loan
- Principal
- $3,000,000
- Counterparty
- Cedarview Opportunities Master Fund LP
- Rate
- 22% per annum
- Maturity
- May 5, 2025
- Event
- incurrence
Exact text from the filing
the Company issued a secured promissory note (the “ Note ”) in the principal amount of $3,000,000, and the Lenders agreed to provide a $3,000,000 term loan to the Company (the “ Term Loan ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Vivakor, Inc. entered into Loan and Security Agreement and Secured Promissory Note with Cedarview Opportunities Master Fund LP valued at principal amount of $3,000,000, interest rate per annum of 22% (effective 2024-02-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Cedarview Opportunities Master Fund LP
- Value
- principal amount of $3,000,000, interest rate per annum of 22%
- Effective
- 2024-02-06
Exact text from the filing
On February 5, 2024, Vivakor, Inc. (the “ Company ”), as the borrower; Vivaventures Management Company, Inc., Vivaventures Oil Sands, Inc., Silver Fuels Delhi, LLC, White Claw Colorado City, LLC, Vivaventures Remediation Corporation and Vivaventures Energy Group, Inc., which are the Company’s subsidiaries, as guarantors (collectively, the “ Guarantors ” or “ Subsidiaries ”); Cedarview Opportunities Master Fund LP, as the lender (the “ Lender ”); and Cedarview Capital Management, LLC, as the agent (the “ Agent ”), entered into a Loan and Security Agreement (the “ Loan and Security Agreement ”).
View on SEC.gov