secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2026-05-14T21:10:43+00:00
Accession:  0001829126-26-005245
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivakor closes $12M institutional convertible note offering, enters $100M equity line
--------------------------------------------------------------------------------

- First closing of $6M received; second $6M tranche pending; total gross proceeds $12M from convertible notes with $15M principal (20% OID).
- Notes convertible at greater of $0.37 or 80% of lowest 5-day VWAP; conversion capped at 4.99% beneficial ownership unless waived.
- Entered $100M standby equity purchase agreement (SEPA) with 36-month term; shares sold at 94% of lowest 3-day VWAP.
- Net proceeds for working capital, debt reduction, and commissioning of RPC in Houston, Texas.
- Placement agent RBW Capital Partners received $540K cash fees and $100K legal fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912626005245/0001829126-26-005245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912626005245/vivakorinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-005245

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