Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events

Subsequent Events

Note 17. Subsequent Events

Series C Preferred Stock

Between April 6 and May 6, 2024, the Company issued 8,374,837 True-Up Shares to Antilles in connection with Delivery Notices submitted by Antilles.

Convertible Promissory Notes

On April 8, 2024, the Company executed an Amending Agreement amending the fixed conversion price under the July 5, 2023 Promissory Note in favor of FK Venture, LLC (“FK Venture”) to $0.16 per share.

Between April 8 and on or about April 12, 2024, the Company issued 5,000,000 shares of common stock in connection with the conversion of the entire $800,000 principal amount owing under the July 5, 2023 Promissory Note executed by Viking in favor of FK Venture. 

On April 15, 2024, the Company executed an Amending Agreement amending the fixed conversion price under the August 7, 2023 Promissory Note in favor of FK Venture to $0.163 per share.

Between April 15 and May 8, 2024, the Company issued  4,907,976 shares of common stock in connection with the conversion of the entire $800,000 principal amount owing under the August 7, 2023 Promissory Note in favor of FK Venture.

On April 18, 2024, the Company issued 994,023 shares of common stock as payment of approximately $192,625 in accrued interest owing under certain Promissory Notes in favor of FK Venture.

On May 8, 2024, the Company executed Amending Agreements amending the fixed conversion price under the September 8, 2023 and December 1, 2023 Promissory Notes in favor of FK Venture to $0.16 per share and extending the maturity date from July 1, 2025 to January 1, 2026.

Between April 8 and May 8, 2024, Viking received advances from FK Venture in the amount of $1,200,000. The terms of these advances have not been finalized.

On May 10, 2024, the Company issued 4,583,333 common shares in connection with the conversion of 275 shares of Series H Preferred Stock.