Vivakor Announces Special Dividend Payment Rescheduling Details
Vivakor Updates Dividend Payment Schedule
Dallas, TX -- Vivakor, Inc. (NASDAQ: VIVK) is pleased to announce an important update regarding its previously declared special dividend. The payment date has been rescheduled to October 31, 2025. This adjustment aims to ensure comprehensive communication with all eligible shareholders. Initially, the ex-dividend date was set for September 5, 2025, requiring careful planning to provide necessary information regarding eligibility.
Details of the Special Dividend
As of the ex-dividend date, Vivakor reported 49,102,070 shares outstanding. Importantly, 20,963,229 shares are held by corporate executives who have voluntarily waived their rights to the dividend. Consequently, each eligible shareholder will receive approximately 0.0074 shares of Adapti, Inc. (OTCID: ADTI) common stock for every share of Vivakor they own. Currently, with Adapti’s stock priced at $1.00, the total valuation of the special dividend amounts to around $0.200 million.
About Adapti, Inc.
Adapti, Inc. is strategically positioned with an impressive portfolio, recently enhanced by the acquisition of a multi-platform sports agency that represents both amateur and professional athletes. This integration aims to harmonize with their existing AdaptAI software platform, which connects athletes with marketing opportunities, paving the way for innovative branding strategies within the sports industry. Notably, the acquired agency was previously under the ownership of James Ballengee, who serves as Vivakor’s Chairman, President, and CEO.
Understanding Vivakor's Operations
Vivakor, Inc. plays a pivotal role in energy transportation, storage, reuse, and remediation services. Its mission is to explore, acquire, and operate a diverse range of assets and technologies within the energy sector. Notably, Vivakor's facilities are equipped to provide essential services such as crude oil storage and waste remediation. These operations are crucial as they facilitate the recovery and disposal of petroleum byproducts, contributing positively to environmental sustainability.
Moving Forward with Confidence
The adjustments to the dividend payment schedule reflect successfully balancing shareholder interests with operational needs. By ensuring transparency and accessibility of information, Vivakor is committed to fostering positive relationships with its shareholders. As the company looks ahead, it aims to maintain its growth trajectory while enhancing shareholder value.
Investors’ Communication
For further details about Vivakor’s operations or its recent developments, stakeholders can reach out directly to the company. The investor contact number is 469-480-7175, and inquiries can also be sent via email to info@vivakor.com.
Frequently Asked Questions
What is the new payment date for Vivakor's special dividend?
The payment date for Vivakor’s special dividend is now set for October 31, 2025.
Why was the payment date rescheduled?
The payment date was changed to ensure that additional information regarding dividend-eligible shareholders could be thoroughly provided.
How much will shareholders receive in the special dividend?
Eligible shareholders will receive approximately 0.0074 shares of Adapti, Inc. common stock per Vivakor share owned.
What are Vivakor's primary services?
Vivakor specializes in energy transportation, storage, reuse, and remediation services, significantly contributing to the sustainability of the energy sector.
Who currently oversees Vivakor?
James Ballengee serves as Vivakor’s Chairman, President, and Chief Executive Officer, guiding the company's strategic vision.
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