debt
confidence high
sentiment negative
materiality 0.65
Vivakor restructures Cedarview loan; owes $3.77M, issues 300k shares and % of future proceeds
Vivakor, Inc.
- Side letter amends Oct 2024 loan; balance $3,768,678.08 as of March 1, 2025.
- Payment schedule: $589,890.37 on April 9, two $150k payments, then four $645,684.69 payments.
- Cedarview gets 30% of future ELOC drawdowns and asset sale proceeds as loan payments.
- Issued 300,000 restricted shares to Cedarview; also issued 350,000 shares to Justin Ellis on note conversion.
- Issued 107,789 Series A Preferred shares to Endeavor sellers (including 84,931 to CEO-affiliate Jorgan).