Vivakor Announces Special Dividend Record Date for Shareholders
Vivakor Announces Special Dividend Record Date for Shareholders
Vivakor, Inc. has recently confirmed an important development for its shareholders regarding a special dividend. This announcement marks a significant milestone for the company, which is known for its integrated services in energy transportation, storage, and remediation.
Details About the Special Dividend
The record date for this special dividend has been set for August 20, 2025. This means that shareholders of Vivakor will be eligible to receive shares from Adapti, Inc., a company in which Vivakor holds a substantial stake. Currently, Vivakor possesses approximately 206,595 shares of Adapti, which constitutes about 13.5% of the company’s common stock.
As part of this special dividend plan, each Vivakor shareholder will receive around 0.0079 shares of Adapti for each Vivakor share they own, after accounting for shares held by company executives who have opted out of this dividend. This calculation places the estimated value of the special dividend at approximately $0.75 million, considering Adapti, Inc.'s current share price of $3.50.
Background on Adapti, Inc.
Adapti, Inc. is a prominent marketing entity that has transitioned into a mandatory SEC reporting company as of September 2024. The company utilizes its AdaptAI software platform to enhance marketing efforts by connecting products with suitable influencers, thereby driving marketing success. Adapti, which was formerly known as Scepter Holdings, has shown considerable growth and innovation in utilizing artificial intelligence for efficient marketing solutions.
The recent acquisition of The Ballengee Group, a Dallas-based sports management agency that represents numerous professional athletes, further solidifies Adapti's position in the market. This acquisition occurred on July 14, 2025, and it is expected to bolster Adapti's operational capabilities.
About Vivakor, Inc.
Vivakor, Inc. is on a mission to lead in sustainable energy solutions. Operating one of the largest fleets for oilfield trucking services in the continental United States, Vivakor is dedicated to providing comprehensive services in energy transportation, storage, reuse, and remediation. The company aims to develop and manage valuable assets and technologies in the energy sector.
Once fully operational, Vivakor's oilfield waste remediation facilities are anticipated to offer innovative methods for recovering and reusing petroleum byproducts, aligning with the company’s commitment to sustainability and environmental responsibility.
Future Prospects
Vivakor continues to focus on expanding its capabilities in energy services while enhancing shareholder value through strategic decisions such as this special dividend. As the energy sector evolves, Vivakor remains committed to adapting and leading with innovative solutions that reflect their mission of developing sustainable energy practices.
Frequently Asked Questions
What is the record date for Vivakor’s special dividend?
The record date for the special dividend is set for August 20, 2025.
How many shares of Adapti will Vivakor shareholders receive?
Shareholders will receive approximately 0.0079 shares of Adapti for each Vivakor share they own.
What is the estimated value of the special dividend?
The estimated value of the special dividend is about $0.75 million, based on Adapti's current stock price.
What services does Vivakor provide?
Vivakor offers energy transportation, storage, reuse, and remediation services, focusing on sustainable practices.
What was Adapti, Inc. previously known as?
Adapti, Inc. was formerly known as Scepter Holdings, Inc.
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