Vivakor (NASDAQ: VIVK) announced that its Board of Directors has approved a special dividend to be paid in shares of Adapti, Inc., of which Vivakor holds a 13.5% stake. Excluding shares held by its CEO and CFO—who are waiving their rights to participate—eligible shareholders will receive approximately 0.0079 Adapti shares per Vivakor share, a distribution currently valued at $815,000. The record date will be announced in the coming weeks. Adapti, formerly Scepter Holdings, markets products using its AdaptAI platform and became an SEC-reporting company in 2024.
To view the full press release, visit https://ibn.fm/duxyo
About Vivakor, Inc.
Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.
Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.
NOTE TO INVESTORS: The latest news and updates relating to VIVK are available in the company’s newsroom at https://ibn.fm/VIVK
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