FAQ: Vivakor's Special Dividend of Adapti Shares Record Date Change
Summary
What is the main announcement in this content?
Vivakor, Inc. has reset the record date for its special dividend of Adapti Inc. shares from August 20 to September 5, 2025.
Why is this dividend announcement significant for Vivakor shareholders?
Shareholders will receive approximately 0.0079 Adapti shares per Vivakor share, with the total distribution valued at about $0.515 million based on Adapti’s current $2.50 share price.
How many Adapti shares does Vivakor hold and what percentage of Adapti does this represent?
Vivakor holds about 206,595 Adapti shares, which represents 13.5% of Adapti Inc.
When is the new record date for shareholders to be eligible for the special dividend?
The new record date is September 5, 2025, changed from the previously announced August 20 date.
What is Adapti Inc. and why is it relevant to this dividend?
Adapti Inc. is the company whose shares are being distributed as a dividend, and it recently acquired The Ballengee Group, a Dallas-based sports management agency with about 200 professional athletes.
How is the dividend amount calculated per Vivakor share?
Based on Vivakor’s approximately 47.3 million outstanding shares (excluding shares waived by insiders), each shareholder will receive about 0.0079 Adapti shares per Vivakor share.
What is Vivakor’s core business and mission?
Vivakor is an integrated provider of energy transportation, storage, reuse and remediation services, with a mission to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector.
Where can investors find more information about Vivakor and updates?
The latest news and updates relating to VIVK are available in the company’s newsroom at https://ibn.fm/VIVK.
What specific services does Vivakor provide through its facilities?
Vivakor’s integrated facilities provide crude oil storage, transportation, future reuse, and remediation services under long-term contracts, including recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.
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