secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-10-14T23:59:59+00:00
Accession:  0001829126-25-008103
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor defaults on notes, enters forbearance, gets $1.15M new loan; all debt due Nov 30, 2025
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- Default on Initial Note ($2.26M) and Second Note ($5.69M) as of Aug 25, 2025; Lender forbears until Nov 30, 2025.
- Issued Third Junior Secured Convertible Note for $1.62M principal, receiving $1.152M in proceeds; 42 weekly installments of $38,572.
- Issued 286,000 commitment shares to Lender for $286 as partial consideration.
- Default interest rate of 19% continues; all principal and accrued interest due on or before Nov 30, 2025.
- Standstill through Nov 30; failure to pay in full allows Lender to accelerate all obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625008103/0001829126-25-008103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625008103/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-008103

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