secwatch.observer — SEC 8-K summary
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Issuer:     Vivakor, Inc. (VIVK)
CIK:        0001450704
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001829126-25-006512
Event type: dividend
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Vivakor resets record date for special dividend of Adapti shares to September 5, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625006512/0001829126-25-006512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1450704/000182912625006512/vivakor_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-006512

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer