secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-06-11T23:59:59+00:00
Accession:  0001829126-25-004413
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor issues $5.12M convertible notes to accredited investors
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- Issued $5,117,647 aggregate principal convertible notes to seven non-affiliated accredited investors.
- Net proceeds of $4,350,000 before $391,500 placement agent and other fees.
- Notes mature in 12 months, 15% OID, 10% one-time interest, convertible at 80% of lower of two price metrics.
- Issued 652,500 incentive shares to holders as additional consideration.
- Exempt from registration under Section 4(a)(2) of Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625004413/0001829126-25-004413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625004413/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-004413

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