---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-002451"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:20:05.525344+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vivakor amends $1M promissory note to add convertible feature at 90% discount with $0.75 floor

## Summary
- Original $1M loan (10% interest, Dec 31, 2024 maturity) now convertible at 90% of 3-day avg closing price, floor $0.75/share.
- Conversion capped at 4.99% ownership (can be raised to 9.99% on 61 days' notice).
- Obligation to issue 100,000 restricted shares from original loan remains in effect.
- Lender is accredited investor; issuance exempt under Section 4(a)(2).

## SEC filing metadata
- accession: 0001829126-24-002451
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912624002451/0001829126-24-002451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912624002451/vivakorinc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-002451
- JSON: https://secwatch.observer/filing/0001829126-24-002451.json
- Plain text: https://secwatch.observer/filing/0001829126-24-002451.txt

## Key facts
- Debt Financings
  Vivakor, Inc. amended convertible notes of $1,000,000 at 10% per annum maturing December 31, 2024.
  - Instrument: convertible notes
  - Principal: $1,000,000
  - Rate: 10% per annum
  - Maturity: December 31, 2024
  - Event: amendment
  source text: on Form 8-K filed with the Securities and Exchange Commission on February 2, 2024, the Company received a loan from a non-affiliated individual lender in the principal amount of $1,000,000 (the “Loan”) and, in connection therewith, the Company agreed to issue 100,000 restricted shares of the Company’s common stock. The Loan bears interest at the rate of 10%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912624002451/0001829126-24-002451-index.htm
- Material Agreements
  Vivakor, Inc. amended Amended Note with non-affiliated individual lender valued at $1,000,000 (effective 2024-04-08).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: non-affiliated individual lender
  - Value: $1,000,000
  - Effective: 2024-04-08
  source text: On April 8, 2024, the lender returned an executed amended and restated convertible promissory note for the Loan (the “Amended Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1450704/000182912624002451/0001829126-24-002451-index.htm

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