secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001829126-24-000897
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor secures $3M secured term loan at 22% interest from Cedarview
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- Term loan of $3,000,000 from Cedarview Opportunities Master Fund LP, due May 5, 2025.
- Interest-only payments of $165,000 prepaid for first 3 months; then $250,000 monthly principal plus interest.
- Loan secured by substantially all assets of Vivakor and its subsidiaries; subsidiaries guarantee the debt.
- Issued 300,000 unregistered shares of common stock to lender as additional consideration.
- 3,000,000 shares reserved as collateral securities if loan not repaid at maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624000897/0001829126-24-000897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624000897/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-000897

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