Business
Vivakor Resets Payment Date of Special Dividend to October 31, 2025
Dallas, TX, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation,
About this update from Vivakor, Inc.
[{"type":"text","content":"Dallas, TX, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, reset the payment date of the previously-announced special dividend to Vivakor shareholders as October 31, 2025. The ex-dividend date was September 5, 2025. The dividend payment date was reset to accommodate the need to obtain and provide additional information regarding dividend-eligible shareholders. Based on Vivakor’s shares outstanding of 49,102,070 as of the ex-dividend date and excluding 20,963,229 shares held by the Company’s Chairman, President, and Chief Executive Officer and former Chief Financial Officer, who waived their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0074 shares of Adapti, Inc. common stock per Vivakor share. Based on the current $1.00 share price of Adapti’s common stock, the special dividend is currently valued at approximately $0.200 million. Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc. (OTCID: ADTI), a company that recently acquired a multi-platform sports agency representing amateuer and professional athletes at all levels that they intend to integrate withtheir pre-existing AdaptAI software platform that matches products with influencers to market athletic careers and associated branding opportunities. The acquired sports agency was previously owned by an entity controlled by James Ballengee, Vivakor’s Chairman, President and CEO. About Vivakor, Inc. Vivakor, Inc. is an integrated provider of transportation, storage, reuse, and remediation services. It endeavors to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil storage, transportation, future reuse, and remediation services under long-term contracts. Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. For more information, please visit our website: http://vivakor.com Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private...