Vivakor, Inc. (NASDAQ: VIVK) has approved a special dividend distribution in shares of Adapti, Inc., offering shareholders a unique opportunity to participate in the emerging technology company's potential growth. The dividend will provide approximately 0.0079 Adapti shares per Vivakor share, representing a current valuation of $815,000.
The special dividend comes with specific parameters designed to maximize shareholder benefit. Notably, Vivakor's CEO and CFO will waive their rights to participate, ensuring a more equitable distribution among eligible shareholders. Adapti, formerly known as Scepter Holdings, is a technology company that markets products using its proprietary AdaptAI platform and recently achieved SEC-reporting status in 2024.
This strategic distribution demonstrates Vivakor's innovative approach to shareholder value, leveraging its 13.5% stake in Adapti to provide additional investment opportunities. By offering shares in a technology-focused company, Vivakor enables its shareholders to potentially benefit from Adapti's technological advancements and market positioning.
The record date for the special dividend will be announced in the coming weeks, giving shareholders ample time to prepare for this unique distribution. This move reflects Vivakor's broader strategy of developing and acquiring assets across various sectors, particularly in energy and emerging technologies.
For investors, the dividend represents more than a simple financial transaction. It offers exposure to a potentially growing technology platform while maintaining their existing investment in Vivakor's core energy services business. The company continues to operate one of the largest oilfield trucking services fleets in the continental United States, with a focus on sustainable energy transportation, storage, reuse, and remediation services.
As Vivakor moves forward, this special dividend underscores the company's commitment to creating diverse value streams for its shareholders. By strategically distributing shares in Adapti, the company demonstrates its ability to identify and leverage potential growth opportunities beyond its primary energy sector operations.
