secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001829126-24-001257
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor enters merger agreement to acquire Empire Diversified Energy for $67.2M in stock
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- Vivakor to issue 67.2 million shares valued at $1.00 each as consideration for Empire Diversified Energy merger.
- Empire must have at least $2.5 million unrestricted net cash at closing.
- Closing conditions include stockholder approvals, SEC registration statement effectiveness, and Nasdaq listing compliance.
- Post-closing board to have seven members: James Ballengee (Chairman/CEO), three from Empire, two from Vivakor, one jointly.
- Empire stockholders representing ≥65% of shares will sign 12-month lock-up; Vivakor extends existing lock-up to Feb 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624001257/0001829126-24-001257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624001257/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-001257

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