{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-26-010995","form_type":"8-K","ticker":"VIVK","cik":"0001450704","company_name":"Vivakor, Inc.","filed_at":"2026-10-09T21:03:20+00:00","discovered_at":"2026-10-09T21:04:00.377997+00:00","generated_at":"2026-10-12T14:59:54.051999+00:00","sec_items":["3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Vivakor signs non-binding LOI to acquire Direct Midstream for $40 million at 4x targeted 2027 free cash flow","bullets":["LOI covers 100% of Direct Midstream, LLC, a Midland, Texas produced water and oilfield waste company in the Permian Basin; price is 4x targeted 2027 free cash flow of $10 million.","At closing Vivakor would invest $10 million in Direct Midstream, reducing consideration dollar-for-dollar; remainder would be ~$29 million Series B Preferred plus $1 million common stock.","Gross purchase price is adjustable on actual 2027 free cash flow, with minimum and maximum thresholds of $30 million and $50 million.","Between Oct 5-6, 2026, J.J. Astor converted $350,000 of the $5,940,000 Second Note into 128,965 VIVK common shares.","Deal remains subject to due diligence, audited financials, a fairness opinion, funding of the $10 million investment, and a definitive purchase agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-26-010995","json":"https://secwatch.observer/filing/0001829126-26-010995.json","markdown":"https://secwatch.observer/filing/0001829126-26-010995.md","text":"https://secwatch.observer/filing/0001829126-26-010995.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1450704/000182912626010995/0001829126-26-010995-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1450704/000182912626010995/vivakorinc_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:59:54.051999+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}