Vivakor, Inc. (Nasdaq: VIVK) has announced an extension of the payment date for a special dividend of shares of Adapti, Inc. common stock. Originally scheduled for September 5, 2026, the payment date has been moved to January 29, 2027.
The company stated that it has engaged securities counsel to prepare and file the registration statement required to facilitate the distribution of the Adapti shares to eligible Vivakor shareholders. The extension is intended to provide sufficient time to complete the necessary regulatory process.
Eligible shareholders are those who held Vivakor common shares as of the previously announced ex-dividend date of September 5, 2025. The company noted that all other terms of the special dividend remain unchanged and that no action is required by shareholders at this time.
In other business developments reported in the filing, Vivakor issued common stock through conversions of promissory notes. On September 2, 2026, the company converted $15,647.05 of a lender note into 40,116 shares of common stock. Separately, the company converted $250,000 of a junior secured note issued to J.J. Astor & Co. into 603,555 shares of common stock. Both issuances were made without a Rule 144 restrictive legend and were exempt from registration under Section 4(a)(2) of the Securities Act.
