Vivakor, Inc. 8-K

What Happened
Vivakor, Inc. filed an 8‑K reporting that at a Special Meeting of stockholders on December 22, 2025, shareholders approved four proposals: investor stock issuances, a reverse stock split, an increase in authorized shares, and the 2025 Equity and Incentive Plan. A Certificate of Amendment was filed with the Nevada Secretary of State on December 23, 2025 to increase authorized capital stock to 515,000,000 shares (500,000,000 common; 15,000,000 preferred). The company also issued a press release on December 22, 2025 announcing a non‑binding letter of intent (LOI) to acquire Coyote Oilfield Services, LLC.

Key Details

• Special Meeting date: December 22, 2025; quorum: 146,916,411 votes cast out of 270,781,687 outstanding.
• Vote results (For / Against / Abstain):
  • Proposal 1 — Investor stock issuances: 140,908,803 / 5,044,753 / 962,855
  • Proposal 2 — Reverse stock split: 140,797,337 / 5,827,239 / 291,835
  • Proposal 3 — Increase in authorized stock: 140,122,770 / 6,525,789 / 267,852
  • Proposal 4 — 2025 Equity & Incentive Plan: 141,630,785 / 4,929,941 / 355,685
• Certificate of Amendment filed Dec 23, 2025: total authorized shares now 515,000,000 (common and preferred, par $0.001 each).
• Press release (furnished as Exhibit 99.1) announced a non‑binding LOI to acquire Coyote Oilfield Services, LLC (issued Dec 22, 2025).

Why It Matters
These actions change Vivakor’s capital structure and authorize steps that can dilute existing shareholders: the increase in authorized shares and approval of investor issuances and an equity plan make it easier for the company to issue new stock. The approved reverse split will change the number of outstanding shares per holder (exact split ratio was not disclosed in this filing). The LOI for Coyote Oilfield Services signals a potential acquisition strategy; since the LOI is non‑binding, investors should watch for definitive agreements and subsequent filings for deal terms and any material financial impact.