secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001829126-25-008534
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor issues 3.92M shares to J.J. Astor on conversion of $400K of convertible note
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- Lender converted $400,000 of principal amount into 3,923,492 shares of common stock on Oct 23, 2025.
- Shares were issued without Rule 144 restrictive legend based on legal opinion, exempt under Section 4(a)(2).
- Conversion price per share implied at approximately $0.102, significantly below recent market price.
- Initial note was for $6.625M principal; company received $5M net in March 2025.
- Lender J.J. Astor & Co. continues to hold remaining $6.225M principal balance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625008534/0001829126-25-008534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625008534/vivakorinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-008534

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