In This Article:
Vivakor, Inc (NASDAQ:VIVK) announced on Friday that its Board of Directors has approved a plan to issue a special dividend to Vivakor shareholders.
Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc (OTC:BRZLD), a company that manages the marketing of products, data, and companies through its AdaptAI software platform.
Based on Vivakor’s current shares outstanding of approximately 47.3 million and excluding 20.96 million shares held by the company’s CEO and CFO, who are waiving their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0079 shares of Adapti, Inc common stock per Vivakor share.
Also Read: Meta Boosts Green Energy With New Solar Deal, Supports AI Data Center Growth
Based on the current share price of Adapti’s common stock, the special dividend is worth approximately $0.815 million.
Vivakor’s Board of Directors will establish a date of record for the dividend in the next couple of weeks.
Vivakor reported first-quarter revenue growth of 133% Y/Y to $37.3 million, primarily attributed to the sales of logistics and terminal realized through the operations of our newly acquired Endeavor Entities’ businesses. Operating loss for the quarter increased 298% to $(4.8) million.
EPS loss of $(0.21), compared to $(0.07) a year ago.
Price Action: VIVK stock is up 7.64% at $0.9147 premarket at the last check Friday.
Read Next:
Photo via Shutterstock
UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
Get the latest stock analysis from Benzinga?
This article EXCLUSIVE: Vivakor Announces Special Stock Dividend originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.