How will the reset of the record date affect the stock's price and trading volume around September 5, 2025?

Impact on price – By moving the record date from 20 Aug to 5 Sept the company also pushes the ex‑dividend date (generally 1‑2 business days earlier) to around 3 Sept. On the ex‑date the stock will trade “cum‑dividend”‑adjusted, meaning the market will subtract the dividend amount from the share price. Because the dividend is a special, one‑time payout, the price correction will be modest (usually a few‑cents/‑tenths of a percent) but it will be noticeable in a thinly‑traded Nasdaq‑small‑cap like VIVK. If the market had already priced in the earlier 20 Aug record date, the reset creates a brief “gap” in expectations: a short‑term dip on 3 Sept followed by a rebound as the dividend‑capture trade unwinds and any short‑covering pressure eases. Traders should watch the $‑per‑share dividend amount (once disclosed) and compare it to VIVK’s typical daily price volatility; the price move will likely stay within the 0.5‑1 % range of the stock’s recent swing‑low/high.

Impact on volume – The new record date compresses the window for dividend‑capture investors, concentrating buying pressure into the 2‑3 day period before the ex‑date. Expect above‑average volume on 2 Sept (pre‑ex) and a secondary spike on 3 Sept as holders either sell to avoid the dividend or short‑sell the ex‑date dip. After the ex‑date, volume should normalize, but if the price rebounds quickly you may see a short‑covering rally that adds another modest volume bump on 4‑5 Sept. Technical charts will likely show a small “sell‑off” candle on the ex‑date, followed by a bullish engulfing or hammer on the next session if buying pressure dominates.

Actionable insight – If you are a short‑term trader, consider buying the dip on 3 Sept (or the day after the ex‑date) only after confirming that the price decline is roughly equal to or less than the dividend amount and that the trade respects the immediate support level (e.g., the 20‑day SMA or the recent low around $X.XX). Place a tight stop just below that support to protect against a deeper sell‑off. For dividend‑capture investors, the later record date gives a cleaner entry point; however, be aware that the delayed payout compresses the capture window, so execute the buy‑in before the ex‑date close and be ready to exit within 2‑3 sessions to avoid exposure to the post‑dividend price drift.