Vivakor, Inc. (NASDAQ: VIVK) announced the reset of the record date for its previously announced special dividend of Adapti Inc. shares to September 5, 2025, from the original date of August 20. The company holds approximately 206,595 Adapti shares, representing 13.5% ownership in Adapti, which recently acquired The Ballengee Group, a Dallas-based sports management agency with about 200 professional athletes.
Based on Vivakor's roughly 47.3 million outstanding shares, excluding shares waived by insiders, each Vivakor shareholder will receive approximately 0.0079 Adapti shares per Vivakor share. The total value of this distribution is valued at about $0.515 million based on Adapti's current share price of $2.50. This dividend represents a tangible return to shareholders through Vivakor's strategic investment in Adapti.
The reset of the record date may indicate operational adjustments or strategic considerations within Vivakor's corporate planning. Shareholders should note that the new record date determines eligibility for receiving the Adapti shares, making this announcement crucial for investment decision-making and portfolio planning. The distribution mechanism demonstrates how energy sector companies like Vivakor can create additional shareholder value through strategic investments and acquisitions.
For additional information, investors can access the full press release at https://ibn.fm/IQGky. The latest news and updates relating to VIVK are available in the company's newsroom at https://ibn.fm/VIVK.
