secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0001829126-25-005237
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor restructures debt with J.J. Astor, receives additional $4.4M convertible loan
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- Forbearance on $6.15M note; principal increased to $6.77M (110%); fees and past due interest $906k due Jan 7, 2026.
- Additional loan of $4.4M netting ~$971k; new $5.94M convertible note with 40 weekly installments of $148,500 each.
- Conversion price set at 80% of market conversion price; if below Nasdaq minimum, extra make-whole shares issued.
- Lender receives 150,000 commitment shares; 15M shares reserved for conversion under Additional Note.
- Forbearance ends Oct 5, 2025; failure to pay past due amounts by then allows immediate acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625005237/0001829126-25-005237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625005237/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-005237

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