other material
confidence high
sentiment neutral
materiality 0.60
Vivakor enters consulting deal with WSGS LLC for up to $1.3M/yr in stock; CFO note extended
Vivakor, Inc.
- Consulting agreement with WSGS, LLC for management integration; annual fee up to $1.3M, paid in registered stock.
- Side letter with CFO Tyler Nelson extends promissory note maturity to June 30, 2025; 5% fee assessed on outstanding.
- Andre Johnson appointed VP HR with $200K salary, $75K annual equity, $250K signing bonus in stock.
- Issued 24,291 common and 56,880 Series A Preferred shares to sellers of Endeavor Entities as partial consideration.
- Issued 160,266 shares to CEO Ballengee and 105,213 shares to CFO Nelson for service bonuses.