---
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"
generated_at: "2026-06-04T08:26:23.227696+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vivakor signs $120M deal to acquire Endeavor entities from CEO-affiliated sellers

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-001850
- JSON: https://secwatch.observer/filing/0001829126-24-001850.json
- Plain text: https://secwatch.observer/filing/0001829126-24-001850.txt

## Key facts
- Material Agreements
  Vivakor, Inc. entered into Membership Interest Purchase Agreement with Jorgan Development, LLC and JBAH Holdings, LLC valued at $120 million (effective 2024-03-21).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Jorgan Development, LLC and JBAH Holdings, LLC
  - Value: $120 million
  - Effective: 2024-03-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912624001850/0001829126-24-001850-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.