secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K/A
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001829126-25-001261
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625001261/0001829126-25-001261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625001261/vivakor_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-001261

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