Vivakor Announces Updated Record Date for Special Dividend

Author: Evelyn Baker Updated: 08-19-2025 06:30 PM

Vivakor Updates Record Date for Special Dividend

Vivakor, Inc. (Nasdaq: VIVK) has recently made an important announcement regarding its special dividend for shareholders. The record date, initially set for August, has now been changed to September 5. This decision reflects the company’s intent to prepare adequately for the distribution and ensure a smooth transition for its stakeholders.

Details on the Special Dividend

As part of its commitment to delivering value to its shareholders, Vivakor currently holds 206,595 shares of Adapti, Inc., which equates to about 13.5% of their outstanding common shares. Adapti, Inc. is positioned to merge with a sports agency that champions both amateur and professional athletes. This merger aims to align with their existing AdaptAI platform, enhancing product-marketing within athletic careers.

The Shareholder Value

The dividend distribution for Vivakor shareholders is quite notable. With approximately 47,297,347 shares outstanding—excluding shares held by executives who have waived their entitlement—the expected payout translates to roughly 0.0079 shares of Adapti common stock for each Vivakor share owned. At Adapti’s current trading price of $2.50 per share, this leads to an estimated total payout of about $0.515 million.

About Adapti, Inc.

Adapti, Inc., formerly known as Scepter Holdings, has made significant strides in the past year. Recently registered with the SEC, the company has transitioned into a mandatory reporting entity. This transformation marks a new chapter in Adapti's journey, especially following their recent filing of the Annual Report for the period ending March.

The Acquisition of The Ballengee Group

In a strategic move, Adapti, Inc. acquired The Ballengee Group, a Dallas-based sports management agency representing around 200 professional athletes. This acquisition, completed in mid-July, promises to strengthen Adapti’s foothold in the sports sector significantly. More details are available through the company’s filings with regulatory authorities.

About Vivakor

Founded with a vision to enhance energy management, Vivakor, Inc. specializes in comprehensive solutions for transportation, storage, and remediation services in the energy sector. The company's mission focuses on the development and operation of technologies that optimize resources in energy production. With integrated facilities, Vivakor is committed to providing innovative environmental solutions and crude oil storage, underscoring its dedication to sustainability and responsible energy practices.

Looking Forward

As Vivakor continues to innovate within the energy sector, its efforts to communicate effectively with shareholders remain a priority. The company is focused not only on growth but also the responsible management of energy and waste in fluctuating markets.

Frequently Asked Questions

What is the new record date for Vivakor's special dividend?

The new record date for Vivakor's special dividend is September 5.

How many shares of Adapti does Vivakor currently hold?

Vivakor holds approximately 206,595 shares of Adapti, Inc.

What is the estimated value of the special dividend?

The special dividend is currently valued at approximately $0.515 million.

What was the previous record date for the special dividend?

The previous record date was August 20.

How does Vivakor support its shareholders?

Vivakor is dedicated to enhancing shareholder value through initiatives like special dividends and strategic partnerships.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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