---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-005858"
form_type: "8-K"
ticker: "VIVK"
cik: "0001450704"
company_name: "Vivakor, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:07:37.119610+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vivakor sells two subsidiaries for $11M in preferred stock; enters forbearance on lease defaults

## Summary
- Sells Meridian Equipment Leasing and Equipment Transport for $11,058,235 in Series A Convertible Preferred Stock.
- Acknowledges defaults on Maxus Capital leases; forbearance requires ~$9.2M payments by Nov 2025 plus monthly amounts.
- COO Russ M. Shelton resigns effective Aug 3, 2025; receives $120,300 in severance through Sep 5, 2025.
- Declares special dividend of 206,595 shares of Adapt, Inc.; record date Aug 20, 2025.
- Annual shareholder meeting set for Sep 11, 2025.

## SEC filing metadata
- accession: 0001829126-25-005858
- form_type: 8-K
- ticker: VIVK
- cik: 0001450704
- company_name: Vivakor, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1450704/000182912625005858/0001829126-25-005858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1450704/000182912625005858/vivakor_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-005858
- JSON: https://secwatch.observer/filing/0001829126-25-005858.json
- Plain text: https://secwatch.observer/filing/0001829126-25-005858.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.