secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-10-17T23:59:59+00:00
Accession:  0001829126-25-008207
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor issues ~10.9M shares on conversion of $1.05M convertible note
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- Lender J.J. Astor & Co. converted $350k each on Oct 10, 15, 16 into 3.3M, 3.8M, 3.8M shares.
- Conversion price ranged from ~$0.092 to $0.105 per share, implying heavy dilution.
- Shares issued without Rule 144 legend, allowing immediate resale.
- Note originally issued Mar 2025 for $6.625M principal; $5M net proceeds received.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625008207/0001829126-25-008207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625008207/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-008207

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