Vivakor (VIVK) stock rocketed on Friday after the clean energy technologies and environmental solutions company announced a special dividend for shareholders. This dividend will have it distribute shares of Adapti (BRZLD) to investors. Vivakor’s 206,595 shares grant it a 13.5% stake in the company.
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With this plan, Vivakor shareholders will receive 0.0079 shares of BRZLD stock for each VIVK share that they own. The total value of this special dividend is $815,000. A date for the dividend hasn’t been set yet but is expected to be announced in the next couple of weeks.
VIVK stock surged 84.75% in pre-market trading following the special dividend announcement. This came after a 16.11% rally yesterday alongside its latest earnings report, which included a 133% year-over-year increase in revenue. However, the stock was down 30.34% year-to-date as of Thursday’s close.
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