Vivakor Announces Reset of Record Date for Special Dividend to Shareholders

Strategic Insights -

Vivakor, a leading provider of energy transportation, storage, reuse, and remediation services, has announced a reset of the record date for its previously-announced special dividend to shareholders. As part of this announcement, the Company will now distribute approximately 0.0079 shares of Adapti, Inc. common stock per Vivakor share, valued at around $0.515 million based on Adapti's current share price of $2.50. This transaction is a result of Vivakor's acquisition of Adapti, Inc., which was completed in July 2025.

Key Takeaways:

  • Vivakor has reset the record date for its special dividend to shareholders from August 20, 2025 to September 5, 2025.
  • The Company will distribute approximately 0.0079 shares of Adapti, Inc. common stock per Vivakor share, valued at around $0.515 million based on Adapti's current share price of $2.50.
  • The special dividend is a result of Vivakor's acquisition of Adapti, Inc., which was completed in July 2025.
  • Adapti, Inc. merged with The Ballengee Group, LLC, a Dallas-based sports management agency representing approximately 200 professional athletes.
  • The acquisition is expected to benefit Vivakor's energy sector business by providing opportunities for transportation, storage, reuse, and remediation services.
  • Vivakor's Chairman, President, and Chief Executive Officer, as well as former Chief Financial Officer, waived their right to the dividend, totaling 20,963,229 shares.

Statistics:

  • Vivakor holds 206,595 shares of Adapti, Inc., representing approximately 13.5% of the outstanding common stock.
  • Adapti, Inc. has approximately 459,632 shares outstanding as of the last reported sale.
  • The number of shares held by Vivakor's Chairman, President, and Chief Executive Officer, and former Chief Financial Officer, is 20,963,229.
  • The current market value of the dividend is around $0.515 million based on Adapti's current share price of $2.50.
  • Adapti, Inc. filed its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) in September 2024.
  • Adapti, Inc. has since become a mandatory SEC reporting company.
  • The company filed its Annual Report on 10K for the period ended March 31, 2025 on July 3, 2025.

Sources:

  • GlobeNewswire
  • Nasdaq
  • U.S. Securities and Exchange Commission (SEC)
  • Adapti, Inc.
  • The Ballengee Group, LLC