Vivakor amends 8-K; hires consultant for up to $1.3M/yr, extends CFO note with 5% penalty, issues stock to insiders

Vivakor, Inc.

Entered consulting with WSGS for up to $1.3M/yr in stock; 1-yr term with option for second year.
CFO Tyler Nelson note maturity extended to June 30, 2025; 5% fee added on outstanding balance as of Dec 31, 2024.
Hired Andre Johnson as VP HR; salary $180k (Oct-Dec 2024) then $200k, plus $75k equity/yr and $250k signing bonus in stock.
Issued 56,880 Series A Preferred shares (incl. 16,880 escrowed) to sellers of Endeavor entities; stock also 24,291 common shares.
Issued 160,266 shares to CEO Ballengee for services and 105,213 shares to CFO Nelson for bonuses on Feb 27, 2025.

item 1.01 item 3.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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.

View on SEC.gov

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

Vivakor, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-25-001261

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.