Vivakor updates on Endeavor Entities acquisition, appoints new EVP/GC, converts $1M note

Vivakor, Inc.

Appointed Patrick M. Knapp as EVP, General Counsel & Secretary; base salary $350k, annual incentive up to $840k.
Issued 140,190 shares to Knapp as $250k signing bonus (July 2, 2024).
Converted $1M convertible promissory note into 903,095 shares (July 1, 2024), eliminating principal and interest.
Targeting Q3 2024 closing of Endeavor Entities acquisition; due diligence and audited financials received, HSR filing pending.
CEO expects synergies, streamlined operations, and positive free cash flow from the acquisition.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Patrick M. Knapp

Executive Vice President, General Counsel, and Secretary

VIVK · Vivakor, Inc.

Filed: July 2, 2024, 7:59 PM ET

Pat Knapp, 39, Executive Vice President, General Counsel, and Secretary

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick M. Knapp was appointed as Executive Vice President, General Counsel, and Secretary at Vivakor, Inc..

Action: appointed
Role: Executive Vice President, General Counsel, and Secretary

Exact text from the filing

Pat Knapp, 39, Executive Vice President, General Counsel, and Secretary

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Vivakor, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-24-004569

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