Viking Global Technologies, Inc. (CEIN) Form 8-K — Oct 2, 2026
Viking Global Technologies amended its $1.2 million convertible note with FK Venture LLC at maturity, extending the due date to April 1, 2027. The conversion price is $0.15 per share, but drops to $0.02 per share if the company receives an unremedied default notice from its senior secured lender — a punitive downside tied to its existing debt stack. Separately, subsidiary Viking Protection Systems, LLC borrowed $300,000 from Raymond and Victoria Menna via a short-term note maturing December 31, 2026, with a fixed 10% ($30,000) interest charge. CEO James A.
Key figures
- Interest Rate
- 10%
- Maturity Date
- April 1, 2027 (FK Note); December 31, 2026 (VPS Note)
- Fk note principal
- 1200000
- Prior fk maturity
- September 30, 2026
- Vps fixed interest
- 30000
- Vps note principal
- 300000
- Fk conversion price no default
- $0.15 per share
- Fk conversion price senior default
- $0.02 per share
AI analysis
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