Vivakor, Inc. (NASDAQ: VIVK), a leader in energy transportation, storage, reuse, and remediation services, has officially announced August 20, 2025, as the record date for its special dividend distribution of Adapti, Inc. (OTCID: ADTI) shares to its shareholders. This strategic move underscores Vivakor's commitment to enhancing shareholder value and its confidence in Adapti's growth potential, especially following Adapti's recent acquisition of The Ballengee Group, a prominent sports management agency.
Shareholders of Vivakor will receive approximately 0.0079 shares of Adapti common stock for each share of Vivakor they own, based on Vivakor's holding of 206,595 shares of Adapti, which represents about 13.5% of Adapti's outstanding common stock. The dividend is currently valued at around $0.75 million, calculated using Adapti's share price of $3.50. This distribution excludes shares held by Vivakor executives who have waived their participation rights, ensuring a fair allocation among other shareholders.
Adapti, known for its AdaptAI software platform that specializes in influencer-driven marketing, has been making strides in expanding its portfolio and market reach. The acquisition of The Ballengee Group, which represents approximately 200 professional athletes, is a testament to Adapti's aggressive growth strategy and its potential to redefine marketing in the sports industry. This development not only benefits Adapti but also positions Vivakor's investment in a favorable light, promising potential returns for its shareholders.
For more details on Vivakor's announcement, visit https://ibn.fm/d5IEK. Investors and interested parties can also stay updated with the latest news and updates relating to Vivakor by visiting the company’s newsroom at https://ibn.fm/VIVK.
This announcement is significant for shareholders and the market at large, as it reflects Vivakor's strategic approach to leveraging its investments for shareholder benefit and Adapti's growing influence in the marketing and sports management sectors. The special dividend not only rewards Vivakor's shareholders but also highlights the company's proactive stance in capitalizing on its investments to drive growth and value.
