dividend
confidence high
sentiment neutral
materiality 0.60
Vivakor resets record date for special dividend of Adapti shares to September 5, 2025
Vivakor, Inc.
- Vivakor (NASDAQ:VIVK) announced it reset the record date for its previously-announced special dividend from August 20, 2025 to September 5, 2025.
- The dividend consists of approximately 206,595 shares of Adapti, Inc. (OTCID:ADTI), representing about 13.5% of Adapti's outstanding common stock.
- Excluding 20,963,229 shares held by the CEO and former CFO who waived their dividend rights, each Vivakor shareholder will receive roughly 0.0079 Adapti shares per Vivakor share.
- Based on Adapti's current $2.50 share price, the special dividend is valued at approximately $0.515 million.
- Adapti recently acquired the Ballengee Group, a sports management agency representing ~200 professional athletes, and is merging with a multi-platform sports agency.
item 7.01item 9.01