Special Dividend of $3.50 Per Share Declared, Roughly 86% of Stock Price
AIOK is trading near its 52-week low of $3.9 (4.6% above the low).
Summary
AI OKTO's board declared a one-time special dividend of $3.50 per common share, payable in cash or stock at the holder's election, with a record date of November 2 and payment expected around November 25. At a $4.08 stock price, the payout is roughly 86% of the share price — large enough that Nasdaq will require the shares to trade with due bills from the record date through the closing of trading on November 25, meaning buyers in that window get the dividend and sellers do not; those buyers receive it in cash regardless of any election form from the prior holder and cannot elect to receive it in common shares. The stock-election share count is set off a 5-day VWAP of $4.5159 measured through October 22, 2026, and elections are due to Broadridge by 5:00 p.m. ET on November 19, 2026, with the expected ex-dividend date November 26, 2026. The dividend is expected to be a taxable dividend to shareholders whether received in cash or shares, holders wanting all cash need take no further action, and the company can still force an all-cash payout up to midnight on November 24, 2026 regardless of elections received. This lands days after the October 20 F-3 registering a $500 million shelf and the CEO-controlled 74.2% stake for resale, and follows the October 23 agreement to sell the Dream Arrax carrier to a CEO-controlled Robin Energy unit — the company is returning cash while its insider holds most of the shares. Watch the November 19 election deadline and the November 25 payment date; the due-bill mechanics will distort the quoted price around the ex-date.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — Shareholders electing stock receive shares based on a 5-day VWAP of $4.5159; elections are due to Broadridge by 5:00 p.m. ET on November 19, 2026.
- Tax Treatment — The dividend is expected to be a taxable dividend to shareholders whether received in cash or common shares.
- Due Bill Mechanics — The $3.50 per share dividend exceeds 25% of the current trading price, so Nasdaq advised shares will trade with due bills; holders who purchase during the due bill period will not be entitled to elect common shares and receive the dividend in cash regardless of any election form from the prior holder.
- Due Bill Period — The due bill period runs from the November 2, 2026 record date through the closing of trading on Nasdaq on November 25, 2026; the expected ex-dividend date is November 26, 2026.
- Cash Election — For shareholders that wish to receive the dividend all in cash, no further action is required.
- Election Materials — An information letter and election form will be mailed to shareholders of record after the record date; registered shareholders with dividend election questions may call Broadridge Corporate Issuer Solutions, LLC at (888) 789-8409.
- VWAP Basis — The 5-day VWAP measured through October 22, 2026 was determined equal to $4.5159 per share.
- All-Cash Option — The company reserves the right to determine, at any time up to midnight on November 24, 2026, to pay the dividend entirely in cash, notwithstanding elections received and without prior notice.
All 12 details
- The dividend is expected to be a taxable dividend to shareholders, regardless of whether received in cash or common shares.
- Holders of shares purchased during the due bill period will not be entitled to elect to receive the special dividend in common shares.
- Due bill period runs from the record date of November 2, 2026 through the closing of trading on Nasdaq on November 25, 2026.
- Expected ex-dividend date is November 26, 2026.
- Holders who purchase shares during the due bill period, even if trades settle after it, receive the special dividend in cash regardless of any election form from the prior holder.
- For shareholders that wish to receive the dividend all in cash, no further action is required.
- An information letter and election form will be mailed to shareholders of record after the record date.
- Registered shareholders with dividend election questions may call Broadridge Corporate Issuer Solutions, LLC at (888) 789-8409.
- Special dividend of $3.50 per common share exceeds 25% of the current trading price of the common shares; Nasdaq advised common shares will trade with due bills.
- 5-day VWAP measured through October 22, 2026, determined equal to $4.5159 per share.
- Company reserves right to determine, at any time up to midnight on November 24, 2026, to pay the dividend entirely in cash, notwithstanding elections received and without prior notice.
- Due bills represent an assignment of the right to receive the special dividend in cash; due-bill obligations are settled customarily between the brokers representing buyers and sellers.
At the time of this announcement, AIOK was trading at $4.08 on NASDAQ in the Energy & Transportation sector. The 52-week trading range was $3.90 to $10.95. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.