secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-03-21T23:59:59+00:00
Accession:  0001829126-25-001988
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor receives Nasdaq bid price deficiency notice; issues $6.625M convertible note
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- Nasdaq deficiency letter for bid price <$1.00 for 30 days; 180-day cure period ends Sept 15, 2025.
- Issued $6.625M junior secured convertible note to J.J. Astor & Co.; net $5M received after fees.
- Note payable in 42 weekly installments of $157,739; may be paid in shares at 20% discount to market.
- Issued 250,000 commitment shares as additional consideration; registration rights agreement filed.
- Existing senior debt ~$48.5M; convertible note is junior secured with mandatory prepayment from equity receipts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625001988/0001829126-25-001988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625001988/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-001988

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