Vivakor plans to issue special dividend to shareholders

Vivakor (VIVK) announced that its Board of Directors has approved a plan to issue a special dividend to Vivakor shareholders. Vivakor currently holds 206,595 shares of Adapti, a company that manages the marketing of products, data and companies through its AdaptAI software platform that matches products with the influencers to attempt to generate the best results. Based on Vivakor’s current shares outstanding of approximately 47,297,347 and excluding 20,963,229 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, common stock per Vivakor share. Based on the current share price of Adapti’s common stock, the special dividend is currently valued at approximately $0.815M. Vivakor’s Board of Directors will be establishing a date of record for the dividend in the next couple of weeks.