AI OKTO Corp. Declares Special Dividend of $3.50 Per Share

The company expects the special dividend to be taxable whether shareholders receive cash or common shares.

Rhea-AI Summary

AI OKTO (AIOK) declared a one-time special dividend of $3.50 per common share, payable in cash or common shares.

The record date is November 2, 2026, with payment expected on or about November 25, 2026. Share elections use a $4.5159 price, based on the five-day volume-weighted average through October 22, 2026; shares' market value at payment may differ. Because the dividend exceeds 25% of the current trading price, shares will trade with due bills, which transfer dividend rights to buyers, from November 2 through November 25, 2026. The expected ex-dividend date is November 26, 2026. Buyers during the due-bill period receive cash and cannot elect shares.

1 point · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.$3.50 per common share special dividend returns value, with payment expected on or about November 25, 2026.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Common shares issued for dividend elections would dilute existing holders, using a $4.5159 reference price.
• Minor point. Forward-looking: it has not happened yet and may not happen.Taxable dividend treatment is expected by the company for both cash and common-share payments.
• Minor pointShare elections may be overridden: the company can choose all-cash payment through midnight November 24, 2026.

News Explained

Although shareholders may elect common shares for the declared $3.50 dividend, AI OKTO can choose through November 24, 2026 to pay entirely in cash despite receiving elections, so share issuance is not assured.

Argus 15 min delay 36 alerts

+49.18% vs previous close $6.34 last price 4.2x rel. volume Open Argus

Details

Market move: AIOK +49.18% vs previous close. special dividend

+24.0% Peak in 16 min

$4.20 – $6.34 Day Range

$27.39M Mkt Cap at Last Price

On Oct 23, the day this news came out, the latest delayed price for AIOK is 49.18% above the previous close. Argus tracked a peak move of +24.0% during the session. Our momentum scanner has recorded 36 alerts for this stock so far that day. The latest delayed price is $6.34. Relative volume is very high at 4.2x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Special dividend: $3.50 per common share 5-day VWAP: $4.5159 per share Due-bill threshold: More than 25% of the current trading price +4 more

Special dividend

$3.50 per common share

One-time distribution; payable in cash or common shares

5-day VWAP

$4.5159 per share

Price basis for determining shares issued for the dividend

Due-bill threshold

More than 25% of the current trading price

Nasdaq advised the shares will trade with due bills

Shareholder record date

November 2, 2026

Eligibility date for the dividend

Expected payment date

November 25, 2026

Dividend expected to be paid on or about this date

Election deadline

November 19, 2026, before 5:00 p.m. Eastern Time

Deadline for the transfer agent to receive a completed election form

Expected ex-dividend date

November 26, 2026

Expected date following the due-bill period

Key Terms

due bills, 5-day volume weighted average price, ex-dividend date

3 terms

due bills financial

"Nasdaq has advised the Company that its common shares will trade with due bills"

Due bills are short-term promises to pay for goods or services received earlier but not yet paid for. They act like an IOU, indicating that the buyer owes money to the seller. For investors, due bills matter because they can affect the timing of payments and the true value of a transaction, impacting financial clarity and decision-making.

5-day volume weighted average price financial

"based on the 5-day volume weighted average price through October 22, 2026"

The 5-day volume weighted average price (5-day VWAP) is the average price of a security over the most recent five trading days where each trade’s price is weighted by its traded volume. It is calculated by summing (price × volume) for all trades in the five-day period and dividing by the total volume traded in that period, so larger trades have greater influence on the result. The measure requires intraday trade data across the five consecutive trading days and can be affected by unusually large trades or low-liquidity periods that skew the weighted average.

ex-dividend date financial

"the November 26, 2026 expected ex-dividend date"

The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.

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LIMASSOL, Cyprus, Oct. 23, 2026 (GLOBE NEWSWIRE) -- AI OKTO Corp. (NASDAQ: AIOK) (“AI OKTO”, or the “Company”), an international ship-owning company providing energy transportation services globally, announced today that the Company's board of directors has declared a one-time, special dividend of $3.50 per common share, consisting of either cash or the Company’s common shares. The dividend is payable to the Company’s shareholders of record at the close of business on November 2, 2026 and is expected to be paid on or about November 25, 2026 (the “Dividend Payment Date”). Given that the payment of the special dividend represents more than 25% of the current trading price of the Company’s common shares, Nasdaq has advised the Company that its common shares will trade with “due bills”. More information on this process is included below.

The Company expects the dividend will be a taxable dividend to shareholders, regardless of whether received in the form of cash or common shares.

For shareholders that wish to receive the dividend all in cash, no further action is required. Alternatively, shareholders can elect to receive the dividend all in common shares. The number of common shares issued as a result of the dividend will be based on the 5-day volume weighted average price through October 22, 2026 (“5-day VWAP”) of the Company’s common shares, which the Company has determined is equal to $4.5159 per share. The market value of shares received on the Dividend Payment Date may be greater or less than the 5-day VWAP. 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 any elections it has received and without prior notice to shareholders.

An information letter and election form will be mailed to shareholders of record after the record date. The properly completed election form must be received by Broadridge Corporate Issuer Solutions, LLC, the Company's transfer agent, prior to 5:00 p.m. Eastern Time on November 19, 2026. If the transfer agent does not receive a valid election form from a shareholder by that time, the dividend on such shareholder’s shares will be paid in cash. Any shareholder that purchases, and does not sell, common shares during the due bill period (as defined below) will be entitled to receive the dividend in cash, regardless of whether a valid election form was received by the Company’s transfer agent from the prior holder of those shares. Registered shareholders with questions regarding the dividend election may call Broadridge Corporate Issuer Solutions, LLC at (888) 789-8409. Shareholders who hold their shares through a bank, broker or nominee and have questions regarding the dividend election should contact such bank, broker or nominee, who will also be responsible for distributing to them the information letter and election form and submitting the election form on their behalf.

Due Bills:

As the special dividend of $3.50 per common share exceeds 25% of the current trading price of the common shares, Nasdaq has advised the Company that its common shares will trade with due bills, representing an assignment of the right to receive the special dividend in cash, from the record date of November 2, 2026 through the closing of trading on Nasdaq on November 25, 2026, which is the expected Dividend Payment Date and the last day of trading before the November 26, 2026 expected ex-dividend date (this period of time, the “due bill period”).

This means that holders who purchase these securities during the due bill period (even if the trades are to be settled after the due bill period) will be entitled to receive the special dividend in cash. Conversely, sellers who sell the securities during the due bill period (even if the trades are to be settled after the due bill period) will not be entitled to the special dividend. Holders of shares that are purchased during the due bill period will not be entitled to elect to receive the special dividend in common shares.

Due bills obligate a seller of securities to deliver the dividend payable on such securities to the buyer. The due-bill obligations are settled customarily between the brokers representing buyers and sellers of the securities. The Company has no obligation for either the amount of the due bill or the processing of the due bill. Buyers and sellers of the Company’s common shares should consult their brokers before trading to ensure they understand the effect of Nasdaq’s due-bill procedures.

About AI OKTO Corp.

AI OKTO Corp. is an international ship-owning company providing energy transportation services globally. The Company’s fleet comprises of two LPG carrier vessels with an aggregate cargo carrying capacity of 0.01 million dwt and an age of approximately 11 years each, one of which, LPG carrier Dream Arrax, the Company has agreed to divest, with expected delivery within 2026.

AI OKTO is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol “AIOK”.

For more information, please visit the Company’s website at www.aiokto.com. Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including statements regarding the declaration and anticipated payment of the special dividend.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see the Company’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or other developments occurring after the date of this communication.

CONTACT DETAILS

For further information please contact:

Investor Relations
AI OKTO Corp.
Email: ir@aiokto.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is AI OKTO's special dividend and when is it payable?

AI OKTO declared a special dividend of $3.50 per common share, expected to be paid on or about November 25, 2026. The record date is November 2, 2026, but due-bill rules transfer dividend rights from sellers to buyers during the due-bill period.

How can AIOK shareholders elect common shares instead of cash for the special dividend?

A properly completed election form must reach Broadridge Corporate Issuer Solutions before 5:00 p.m. Eastern Time on November 19, 2026. Cash requires no action and is the default without a valid election. Information letters and forms will be mailed after the record date; holders through a bank, broker or nominee should use that intermediary. The company may override elections and pay entirely in cash.

How do AIOK's due bills affect buyers and sellers of shares?

Buyers during the November 2 through November 25, 2026 due-bill period receive the dividend in cash, while sellers during that period are not entitled to it, even if settlement occurs afterward. Buyers cannot elect common shares. Due bills require sellers to deliver the dividend to buyers, with obligations customarily settled between their brokers.