Vivakor Reports Unregistered Equity Sales
Ticker: VIVK · Form: 8-K · Filed: Dec 6, 2024 · CIK: 1450704
| Field | Detail |
|---|---|
| Company | Vivakor, INC. (VIVK) |
| Form Type | 8-K |
| Filed Date | Dec 6, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $120 million, $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, unregistered-securities
TL;DR
Vivakor sold unregistered equity on 12/2. Details TBD.
AI Summary
Vivakor, Inc. filed an 8-K on December 6, 2024, reporting unregistered sales of equity securities that occurred on December 2, 2024. The filing does not specify the number of shares sold or the price per share, but it indicates a transaction related to equity securities.
Why It Matters
This filing indicates Vivakor has issued new equity, which could dilute existing shareholders or signal a need for capital.
Risk Assessment
Risk Level: medium — Unregistered sales can sometimes indicate financial distress or a need for quick capital, and lack of detail raises questions.
Key Players & Entities
- Vivakor, Inc. (company) — Registrant
- December 2, 2024 (date) — Date of earliest event reported
- December 6, 2024 (date) — Filing date
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the exact type of securities.
How many shares were sold?
The filing does not disclose the number of shares sold in this transaction.
At what price were the equity securities sold?
The filing does not provide the price per share for the unregistered equity securities.
Who were the purchasers of these unregistered equity securities?
The filing does not identify the purchasers of the unregistered equity securities.
What was the aggregate dollar amount of the unregistered equity sales?
The filing does not specify the total dollar amount raised from the unregistered equity sales.
Filing Stats: 1,039 words · 4 min read · ~3 pages · Grade level 15.8 · Accepted 2024-12-06 17:00:17
Key Financial Figures
- $120 million — that the Company owes to the Sellers is $120 million (the "Purchase Price"), subject to post
- $0.001 — a combination of Company common stock, $0.001 par value per share ("Common Stock") an
Filing Documents
- vivakorinc_8k.htm (8-K) — 30KB
- 0001829126-24-008149.txt ( ) — 202KB
- vivk-20241202.xsd (EX-101.SCH) — 3KB
- vivk-20241202_lab.xml (EX-101.LAB) — 33KB
- vivk-20241202_pre.xml (EX-101.PRE) — 22KB
- vivakorinc_8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VIVAKOR, INC. Dated: December 6, 2024 By: /s/ James H. Ballengee Name: James H. Ballengee Title: Chairman, President & CEO 3