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.

item 1.01 item 3.02 item 5.03 item 8.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Vivakor, Inc.: Filed Certificate of Designation for Series A Preferred Stock (effective 2025-02-11).

Change: charter amendment
Effective: 2025-02-11

Exact text from the filing

On February 11, 2025, we filed a Certificate of Designation for our Series A Preferred Stock (the “Certificate of Designation”), with the Secretary of State of the State of Nevada setting forth the rights and preferences of our Series A Preferred Stock.

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13 governance changes filed in the last 30 days. Browse all governance changes →

Vivakor, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-25-001020

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