Vivakor, Inc. (NASDAQ: VIVK), a prominent entity in the energy transportation, storage, reuse, and remediation services sector, has designated August 20, 2025, as the record date for its special dividend distribution of Adapti, Inc. (OTCID: ADTI) shares. This initiative is a testament to Vivakor's dedication to augmenting shareholder value through its stake in Adapti, renowned for its AdaptAI software platform designed for influencer-driven marketing.
Shareholders of Vivakor common stock as of the specified record date are set to receive about 0.0079 shares of Adapti common stock for each Vivakor share they hold, with an exception for shares owned by executives who have opted out of participation rights. With Adapti's current share price standing at $3.50, the dividend distribution is valued at approximately $0.75 million. This move not only offers a direct advantage to Vivakor's shareholders but also signifies the company's belief in Adapti's future growth and its standing in the market.
The significance of this distribution is further amplified by Adapti's recent purchase of The Ballengee Group, a sports management agency based in Dallas that represents around 200 professional athletes. This acquisition is poised to strengthen Adapti's market presence and broaden its portfolio, particularly in harnessing influencer-driven marketing strategies within the sports industry, thereby promising added value for Vivakor and its investors.
For further information on Vivakor's announcement, the full press release can be accessed here. Moreover, the most recent news and updates concerning Vivakor are available in the company's newsroom at https://ibn.fm/VIVK.
