M&A - Vivakor, Inc.

Form Type: NT 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000182912625002236

Filing Summary: Vivakor, Inc. was unable to file its Annual Report on Form 10-K for the period ended December 31, 2024 by the filing date of March 31, 2025. The delay is due to difficulties in completing financial statements and required disclosures. The company is still gathering necessary information for the Annual Report and anticipates filing it no later than the fifteenth day after the due date. Additionally, significant changes in the financial results from the prior year are expected, mainly due to the acquisition of several entities, including Endeavor Crude, LLC and others. These acquisitions will likely result in noticeable variations in assets, liabilities, equity, revenue, and operating expenses.

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Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000182912625001020

Filing Summary: On February 10, 2025, Vivakor, Inc. reported the acquisition of the Endeavor Entities, which include several limited liability companies, for a total purchase price of $120 million. This amount may be adjusted based on post-closing factors like assumed debt. The transaction is expected to enhance Vivakor's business operations. Furthermore, as part of the acquisition adjustments, stock and preferred stock were issued to the sellers, which include the Chairman and CEO James Ballengee. A Consulting Agreement was established with WSGS, LLC to aid in managing this combined business, and amendments were made to the Employment Agreement of CFO Tyler Nelson and an Employment Agreement was executed with Andre Johnson, Vice President of Human Resources. The report includes details about equity compensation and bonuses tied to the acquisition completion and other corporate governance updates.

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