secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2026-09-30T20:59:37+00:00
Accession:  0001829126-26-010624
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Vivakor sets 1-for-15 reverse split effective Oct 5, its second in 2026; COO Patterson resigns
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- 1-for-15 reverse split effective at the open on Oct 5, 2026 on Nasdaq under VIVK; outstanding shares fall from ~8,981,898 to ~598,794, authorized shares unchanged.
- Second reverse split in 2026, following the 1-for-20 split effective July 17, 2026; new CUSIP 92852R700; no fractional shares issued, fractions rounded up to one share.
- EVP/COO Leslie D. Patterson resigned effective Sept 24, 2026 under a Sept 17 Mutual Transition Agreement; Vivakor owes all wages through that date plus $150,000 within 24 hours.
- Company and Patterson must sign a consulting agreement by Oct 9, 2026; he is to be paid in common stock under the company's Form S-8 equity plan; no disagreements reported.
- Stockholders at the June 30, 2026 annual meeting approved splits of 1:2 up to 1:2,000; the board set this 1-for-15 ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912626010624/0001829126-26-010624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912626010624/vivakorinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-010624

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