secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001829126-24-008149
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor issues 6.7M shares as partial consideration for $120M Endeavor purchase
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- Issued 6,700,000 shares of common stock to Sellers on Dec 2, 2024, as part of MIPA.
- 4,999,500 shares to Jorgan Development, LLC and 50,500 to JBAH Holdings, LLC; remainder to non-related parties per seller instruction.
- Sellers are controlled by CEO James Ballengee; issuance exempt under Section 4(a)(2).
- Purchase price of $120M subject to post-closing adjustments; final calculation still pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624008149/0001829126-24-008149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912624008149/vivakorinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-008149

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