secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001829126-24-006683
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor closes $120M acquisition of Endeavor Entities; appoints new COO
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- Acquired all membership interests in four crude-hauling entities for $120M in common and Series A preferred stock.
- CEO James Ballengee beneficially owns sellers; issued 19.99% of pre-closing common plus preferred with 6% cumulative dividend.
- Russ Shelton appointed EVP & COO; base salary $337K, annual incentive up to $808K, $150K signing stock grant (18-mo lockup).
- Combined fleet >500 tractors/trailers hauling ~60K bbl crude and ~30K bbl produced water daily; also owns Oklahoma shuttle pipeline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624006683/0001829126-24-006683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624006683/vivakorinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006683

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer