secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2026-10-09T21:03:20+00:00
Accession:  0001829126-26-010995
Event type: m_and_a
Sentiment:  positive
Materiality: 0.78
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Vivakor signs non-binding LOI to acquire Direct Midstream for $40 million at 4x targeted 2027 free cash flow
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912626010995/0001829126-26-010995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912626010995/vivakorinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-010995

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