secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001829126-25-004193
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor Q1 revenue rises 133% to $37.3M; net loss widens to $7.5M; special dividend of Adapti shares
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- Revenue $37.3M (+133% YoY); gross profit $4.8M (+345%); net loss $7.5M ($0.21 loss per share).
- Adjusted EBITDA $319,000 vs negative $7,000 prior year.
- Issued $172,500 convertible note with 15% OID, 10% interest, conversion at 80% of market; net proceeds $150,000.
- Special dividend of 0.0079 Adapti shares per VIVK share, valued at ~$0.815M; CEO/CFO waive rights.
- Permian expansion: 10 pipeline injection stations in TX/NM; connects to Centurion, Plains, West Texas pipelines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625004193/0001829126-25-004193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625004193/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-004193

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