Vivakor Q1 revenue rises 133% to $37.3M; net loss widens to $7.5M; special dividend of Adapti shares

Vivakor, Inc.

Revenue $37.3M (+133% YoY); gross profit $4.8M (+345%); net loss $7.5M ($0.21 loss per share).
Adjusted EBITDA $319,000 vs negative $7,000 prior year.
Issued $172,500 convertible note with 15% OID, 10% interest, conversion at 80% of market; net proceeds $150,000.
Special dividend of 0.0079 Adapti shares per VIVK share, valued at ~$0.815M; CEO/CFO waive rights.
Permian expansion: 10 pipeline injection stations in TX/NM; connects to Centurion, Plains, West Texas pipelines.

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