Appointed
Russ Shelton
Executive Vice President & Chief Operating Officer
VIVK ·
Vivakor, Inc.
Russ Shelton, 48, Executive Vice President & Chief Operating Officer
Ready 8-Ks
50
Latest filing
May 14, 2026, 5:10 PM ET
Top materiality
0.90
Event mix
other_material ×23 · debt ×13 · regulatory ×6
Sentiment
6 pos · 21 neg · 23 neu
Executive change
recent →
Recent 8-K filings for VIVK
Highest-materiality recent filing
Vivakor enters forbearance agreements with seven lenders, extends note maturity to Jan 31, 2027, and issues 56.2M shares
- Company owed approximately $2,242,793 on convertible notes as of Jan 30, 2026, having paid $2,874,854 since issuance.
- Agreements extend maturity of notes to January 31, 2027, with a scheduled repayment plan totaling about $2.24M.
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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).
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Vivakor enters forbearance agreements with J.J. Astor & Cedarview, restructuring $7.93M debt
J.J. Astor forbearance: $6.82M Second Note + $1.11M Fourth Note due; repayment from RBW Financing (first close by May 7, 2026) and Olenox Transaction.
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Vivakor secures $72M crude oil contract; resets special dividend payment to June 30, 2026
Vivakor Supply & Trading executed a recurring $72M crude oil transaction ($6M/month) through May 2027, including transportation services.
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Vivakor regains Nasdaq compliance; trading to resume April 27 after reverse stock split
Nasdaq Hearing Panel determined Vivakor is compliant with the $1.00 minimum bid price requirement.
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Vivakor completes 1-for-200 reverse stock split to meet Nasdaq $1 bid price rule
Reverse split effective March 24, 2026; outstanding shares reduced from 410,068,820 to ~2,050,344.
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Nasdaq Hearings Panel granted continued listing contingent on $1.00 minimum bid price for 10 consecutive trading days by April 30, 2026.
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Vivakor borrows $750K from J.J. Astor; issues Fourth Note, pledges Oklahoma property
Borrowed $750K ($710K net after fees) via Fourth Junior Secured Convertible Promissory Note to J.J. Astor.
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Vivakor enters forbearance on $6M note; extends maturity to Jan 2027 with escalating payments
Outstanding principal ~$5.996M; maturity extended from Jan 7, 2026 to Jan 1, 2027; interest reduced to 9% during forbearance.
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Company owed approximately $2,242,793 on convertible notes as of Jan 30, 2026, having paid $2,874,854 since issuance.
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Vivakor issues 9.2M shares upon conversion of $41K in notes
On Jan 16, 2026, two accredited lenders converted $41,165 of convertible notes into 9,215,789 common shares.
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Vivakor issues 11.9M shares upon $50K convertible note conversion by lender
Lender J.J. Astor & Co. converted $50,000 of Second Note principal into 11,904,762 shares of common stock on Jan 12, 2026.
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Vivakor enters forbearance on $3.96M default; issues 37.9M shares on debt conversion
Default on $3.67M secured note to Cedarview leads to forbearance through Jan 23, 2026; long-term extension to Jan 2027 planned.
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Vivakor resets special dividend to April 2026; converts $2.42M debt into 159.9M shares
Special dividend of Adapti shares reset to April 30, 2026 due to SEC filing delays from government shutdown.
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Vivakor receives Nasdaq delisting notice; trading suspended Dec 26
Closing bid price fell below $0.10 for 10 consecutive days, triggering Low Priced Stocks Rule.
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Shareholders approved reverse stock split, increase in authorized shares, and other proposals at Dec 22 special meeting.
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Nasdaq Staff determined Oct 24 and Oct 30 offerings violated Rule 5635(d) by exceeding 20% of pre-transaction shares at discount to Minimum Price.
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Vivakor enters Mexico fuel trade; note conversions trigger share issuance
First international fuel transaction into Mexico via Vivakor Supply & Trading.
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Vivakor updates investor deck; highlights debt reduction and Q3 financials
Divested water trucking in Q3 2025; reduced debt by over $50M.
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CEO-controlled Ballengee Holdings forgives $569,589 convertible note; Series A preferred holders forgo 6% annual dividend for one year.
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Vivakor issues 4.85M shares upon conversion of $304K in convertible notes
Two holders converted $180,467 of Notes into 2,920,639 unregistered shares.
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Vivakor issues 8.1M shares on $623,528 in note conversions by two lenders
J.J. Astor converted $150k on Nov 14 into 1,855,861 shares.
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Vivakor settles lawsuit with ex-CFO for $2M; former GC resigns with $200K package
Settlement with former CFO Tyler Nelson for $2M: $250k paid on signing, $100k in 30 days, $100k in 60 days, $1.55M in 90 days.
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Vivakor raises ~$2.55M via registered direct offering of common stock and pre-funded warrants
Issued 10.6M shares at $0.18/share and 3.566M pre-funded warrants at $0.179 (nominal exercise $0.001) for gross proceeds ~$2.55M.
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Vivakor's trading platform launches with $24M crude oil transaction in Permian Basin
Vivakor Supply & Trading initiated first major $24M crude oil transaction in Permian Basin.
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Vivakor issues 3.92M shares to J.J. Astor on conversion of $400K of convertible note
Lender converted $400,000 of principal amount into 3,923,492 shares of common stock on Oct 23, 2025.
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Vivakor raises $3.5M in registered direct offering of common stock and pre-funded warrants
Issued 10,909,090 common shares at $0.22/sh and 5,000,000 pre-funded warrants at $0.219/sh for $3.5M gross proceeds.
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Vivakor closes $40M commodity facility and settles lawsuit for $1.65M
$40M commodity intermediation facility closed; provides credit support (LCs, bonds, cash) for crude oil trading platform.
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Vivakor issues ~10.9M shares on conversion of $1.05M convertible note
Lender J.J. Astor & Co. converted $350k each on Oct 10, 15, 16 into 3.3M, 3.8M, 3.8M shares.
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Vivakor raises $5M in registered direct offering of common stock and pre-funded warrants
Offering includes 8,417,645 shares at $0.2164/share and 14,689,851 pre-funded warrants at $0.2154/warrant.
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Vivakor defaults on notes, enters forbearance, gets $1.15M new loan; all debt due Nov 30, 2025
Default on Initial Note ($2.26M) and Second Note ($5.69M) as of Aug 25, 2025; Lender forbears until Nov 30, 2025.
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On Oct 2 and Oct 6 2025, J.J. Astor converted $400k and $500k of principal into 2,991,773 and 3,496,503 shares (total 6,488,276 shares) of common stock.
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Vivakor converts $700K note into 5.24M shares; cumulative conversions $1.1M
$700,000 of principal converted into 5,235,602 shares of common stock at ~$0.1337/share.
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Vivakor default accelerates $7.66M debt; lender converts $200K into shares
Received default notice from J.J. Astor & Co. on Sept. 17, 2025 under $6.625M junior secured convertible note.
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Vivakor gets 180-day Nasdaq extension to March 2026 to meet $1 bid price; reverse split authorized
Nasdaq granted 180-day extension until March 16, 2026, to regain minimum $1 bid price compliance.
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Vivakor resets record date for special dividend of Adapti shares to September 5, 2025
Vivakor (NASDAQ:VIVK) announced it reset the record date for its previously-announced special dividend from August 20, 2025 to September 5, 2025.
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Vivakor appoints Kimberly Hawley as CFO and Les Patterson as COO to strengthen leadership team
Patterson gets $375k base salary, $125k annual equity, and a $250k signing bonus in stock.
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Vivakor sells two subsidiaries for $11M in preferred stock; enters forbearance on lease defaults
Sells Meridian Equipment Leasing and Equipment Transport for $11,058,235 in Series A Convertible Preferred Stock.
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Tyler Nelson resigned as CFO and Board member effective July 19, 2025, citing disagreements over financial reporting, authorization policies, and internal control weaknesses.
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Vivakor restructures debt with J.J. Astor, receives additional $4.4M convertible loan
Forbearance on $6.15M note; principal increased to $6.77M (110%); fees and past due interest $906k due Jan 7, 2026.
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Vivakor issues $5.12M convertible notes to accredited investors
Issued $5,117,647 aggregate principal convertible notes to seven non-affiliated accredited investors.
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Vivakor Q1 revenue rises 133% to $37.3M; net loss widens to $7.5M; special dividend of Adapti shares
Revenue $37.3M (+133% YoY); gross profit $4.8M (+345%); net loss $7.5M ($0.21 loss per share).
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Issued convertible notes with $575K principal ($500K net) to accredited investors; 12-month maturity, 10% interest at issuance, 15% OID.
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Vivakor restructures Cedarview loan; owes $3.77M, issues 300k shares and % of future proceeds
Side letter amends Oct 2024 loan; balance $3,768,678.08 as of March 1, 2025.
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Vivakor receives Nasdaq bid price deficiency notice; issues $6.625M convertible note
Nasdaq deficiency letter for bid price <$1.00 for 30 days; 180-day cure period ends Sept 15, 2025.
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Entered consulting with WSGS for up to $1.3M/yr in stock; 1-yr term with option for second year.
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Vivakor enters consulting deal with WSGS LLC for up to $1.3M/yr in stock; CFO note extended
Consulting agreement with WSGS, LLC for management integration; annual fee up to $1.3M, paid in registered stock.
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Filed Certificate of Amendment with Nevada SOS on Feb 6, 2025 to withdraw all previously designated preferred stock series.
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Vivakor annual meeting elects all five director nominees; Nelson gets 49.4% support
Quorum achieved with 24,598,766 shares voted (>50% of outstanding).
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Vivakor files financial statements for acquired Endeavor Entities; combined sales $52.5M in 2023
Sales $52.5M, net income $3.6M for Endeavor Crude, Meridian, Equipment Transport combined in 2023.
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Vivakor issues 6.7M shares as partial consideration for $120M Endeavor purchase
Issued 6,700,000 shares of common stock to Sellers on Dec 2, 2024, as part of MIPA.
Executive changes
Appointed
Patrick M. Knapp
Executive Vice President, General Counsel, and Secretary
VIVK ·
Vivakor, Inc.
Pat Knapp, 39, Executive Vice President, General Counsel, and Secretary
Appointed
Michael Thompson
Independent Director and Chair of the Audit Committee
VIVK ·
Vivakor, Inc.
On June 3, 2024, the Board of Directors (the “Board”) of Vivakor, Inc. (the “Company”) appointed Mr. Michael Thompson as a member of the Board, effective immediately.
Materiality & sentiment trend
Max materiality 0.90 · Median 0.70 · Most common event other_material