Vivakor, Inc. (NASDAQ: VIVK) has approved a special dividend to be paid in shares of Adapti, Inc., a technology company in which Vivakor holds a 13.5% stake. The dividend will distribute approximately 0.0079 Adapti shares for each Vivakor share owned, with an estimated value of $815,000.
The special dividend will exclude shares held by Vivakor's CEO and CFO, who have waived their participation rights. The record date for shareholders will be announced in the coming weeks, providing investors an opportunity to receive shares in Adapti, a recently SEC-reporting company formerly known as Scepter Holdings.
This dividend distribution represents a strategic move by Vivakor to provide shareholders direct exposure to Adapti's AdaptAI platform. For investors, the dividend offers potential additional value beyond Vivakor's core energy services business, potentially increasing the attractiveness of the company's stock.
Adapti markets products using its proprietary AdaptAI platform, signaling potential technological innovation that could complement Vivakor's existing energy sector operations. The dividend underscores Vivakor's commitment to creating shareholder value through strategic investments and diversification.
