Traders should monitor the April 6, 2026 maturity date closely. Failure to repay will trigger a default, leading to a 110% increase in the debt, 19% interest, and the permanent loss of the pledged Oklahoma property. The company's survival is now critically dependent on securing funds to repay this note or negotiating another forbearance.
Price Chart
Executive Summary
Vivakor secured $750,000 in new funding through a junior secured convertible note, but the deal is highly unfavorable: it carries a 19% default interest rate, requires the company to pledge all its assets and subsidiaries as collateral, and transferred ownership of key Oklahoma real property to the lender as security. The company's ability to buy back this property is contingent on timely repayment by April 6, 2026, creating significant near-term pressure.
Key Financial Metrics
Key Facts
- Vivakor received $750,000 in new funding (net of $40,000 in fees) via a junior secured convertible note due April 6, 2026.
- The loan carries harsh terms: a 19% default interest rate and a 110% principal increase upon default.
- All company and subsidiary assets were pledged as collateral under a new security agreement.
- Ownership of 25.01 acres of Oklahoma real property was transferred to the lender as security for the loan.
- The company has a 'Buy-Back Right' to reclaim the Oklahoma property only if the $993,750 note is paid in full by the April 6, 2026 maturity date; failure forfeits this right.
- The company's subsidiaries have guaranteed the debt, and CEO James Ballengee has provided a personal guaranty.
Financial Impact
The company took on $993,750 in new debt (original issue amount) with a 19% interest rate, secured by all its assets and a key real property. The deal includes a punitive 110% principal increase upon default.
Risk Factors
- The company faces a high probability of default on April 6, 2026, which would trigger severe financial penalties and the loss of key collateral.
- The transfer of the Oklahoma property and the pledge of all assets significantly weaken the company's balance sheet and negotiating power.
- The personal guaranty from the CEO creates a potential conflict of interest and could lead to further personal financial distress.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-001978 |
| Document: vivakorinc_ex10-3.htm | 0001829126-26-001978 |
| Document: vivakorinc_ex10-2.htm | 0001829126-26-001978 |
| Document: vivakorinc_ex10-1.htm | 0001829126-26-001978 |
| Document: vivakorinc_8k.htm | 0001829126-26-001978 |
| Document: 0001829126-26-001978-index-headers.html | 0001829126-26-001978 |
| Document: 0001829126-26-001978-index.html | 0001829126-26-001978 |
| Document: 0001829126-26-001978.txt | 0001829126-26-001978 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 8-K | $1.48 | awaiting T+60 | — | $1.44 (+2.70%) |
Oct 9, 2026 18d ago | 8-K | $2.17 | awaiting T+60 | — | $1.44 (−33.64%) |
Oct 6, 2026 21d ago | 8-K | $4.35 | awaiting T+60 | — | $1.44 (+66.90%) |
Oct 6, 2026 21d ago | Press Release | $4.80 | awaiting T+60 | — | $1.44 (−70.00%) |
Sep 30, 2026 27d ago | 8-K | $4.35 | awaiting T+60 | — | $1.44 (+66.90%) |
Sep 2, 2026 7w ago | Press Release | $0.9011 | awaiting T+60 | — | $1.44 (+59.80%) |
Jul 17, 2026 14w ago | EFFECT | $2.26 $0.1447 | ▲ +93.60% | ▲ +98.28% | $1.44 (+36.28%) |
Jun 30, 2026 17w ago | 8-K | $0.3300 $0.0267 | ▼ −91.91% | ▼ −94.64% | $1.44 (+336.36%) |
Jun 24, 2026 17w ago | S-1/A | $0.4210 $0.0294 | ▲ +93.02% | ▲ +98.36% | $1.44 (−242.04%) |
Jun 18, 2026 18w ago | 8-K | $0.4384 $0.0304 | ▲ +93.07% | ▲ +94.36% | $1.44 (−228.47%) |
US Market Status
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