{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-001850","form_type":"8-K","ticker":"VIVK","cik":"0001450704","company_name":"Vivakor, Inc.","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.226215+00:00","generated_at":"2026-06-04T08:26:23.227696+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Vivakor signs $120M deal to acquire Endeavor entities from CEO-affiliated sellers","bullets":["Purchase price $120M: common stock at $1/share (up to 19.99% of pre-deal shares) plus Series A 6% cumulative convertible preferred.","Earn-out: if 2024 EBITDA exceeds $12M, additional $49M in preferred; if below, up to $49M preferred returned to Vivakor.","Sellers are affiliates of CEO/Chairman James Ballengee, who recused himself from the board vote.","Acquired: Endeavor Crude (oil trucking, 132 tractors), Meridian Leasing, Equipment Transport, Silver Fuels (injection stations), CPE MidCon (40-mi pipeline).","Closing due by June 30, 2024, subject to fairness opinion, HSR approval, audited financials, and other conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-001850","json":"https://secwatch.observer/filing/0001829126-24-001850.json","markdown":"https://secwatch.observer/filing/0001829126-24-001850.md","text":"https://secwatch.observer/filing/0001829126-24-001850.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1450704/000182912624001850/0001829126-24-001850-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1450704/000182912624001850/vivakorinc_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:26:23.227696+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"10bf0f8f378b36e47be3468693be5c84e7ca81e1","claim":"Vivakor, Inc. entered into Membership Interest Purchase Agreement with Jorgan Development, LLC and JBAH Holdings, LLC valued at $120 million (effective 2024-03-21).","evidence_excerpt":"Vivakor, Inc., (the “Company” or “Purchaser”) entered into a Membership Interest Purchase Agreement, a copy of which is filed herewith as Exhibit 2.1 (the “MIPA”) and incorporated by reference herein, with Jorgan Development, LLC, a Louisiana limited liability company (“Jorgan”) and JBAH Holdings, LLC, a Texas limited liability company (“JBAH” and, together with Jorgan, the “Sellers”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1450704/000182912624001850/0001829126-24-001850-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Jorgan Development, LLC and JBAH Holdings, LLC"},{"label":"Value","value":"$120 million"},{"label":"Effective","value":"2024-03-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}