AI OKTO declares $3.50-per-share special dividend
The due-bill period runs from November 2, 2026 through November 25, 2026, and buyers during it are entitled to the dividend in cash.
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Form Type
6-K
Rhea-AI Filing Summary
AI OKTO Corp. (AIOK) declared a one-time special dividend of $3.50 per common share, payable in cash or common shares to shareholders of record at the close of business on November 2, 2026; payment is expected on or about November 25, 2026. The company expects the dividend to be taxable whether received in cash or shares.
The number of shares for a stock election is based on the $4.5159 5-day VWAP through October 22, 2026. The completed election form must reach transfer agent Broadridge by 5:00 p.m. Eastern Time on November 19, 2026; otherwise, the dividend will be paid in cash. AI OKTO may instead pay entirely in cash through midnight on November 24, 2026. Nasdaq advised that due bills will apply from November 2 through November 25: buyers during that period are entitled to the dividend in cash, while sellers are not.
Key Figures
Special dividend: $3.50 per common share
5-day VWAP: $4.5159 per share
Record date: November 2, 2026
+4 more
7 metrics
Special dividend
$3.50 per common share
One-time dividend declared by the board
5-day VWAP
$4.5159 per share
Through October 22, 2026; used to determine shares issued for a stock election
Record date
November 2, 2026
Shareholder record date for the dividend
Election deadline
November 19, 2026, at 5:00 p.m. Eastern Time
Completed election form must be received by the transfer agent
Expected payment date
On or about November 25, 2026
Expected date of dividend payment
Due-bill period
November 2, 2026 through November 25, 2026
Buyers during the period are entitled to the dividend in cash
Expected ex-dividend date
November 26, 2026
Expected date following the due-bill period
Key Terms
special dividend, 5-day volume weighted average price, due bills, record date, +1 more
5 terms
special dividend financial
"a one-time, special dividend of $3.50 per common share"
A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.
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.
due bills financial
"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.
record date financial
"shareholders of record at the close of business on November 2, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much is AIOK's special dividend and when is it expected to be paid?
AI OKTO declared a $3.50 per common share special dividend, expected to be paid on or about November 25, 2026. It is payable in cash or common shares to shareholders of record at the close of business on November 2, 2026, and the company expects it to be taxable whichever form shareholders receive.
How do AIOK due bills affect buyers and sellers?
Nasdaq advised that due bills apply from November 2 through November 25, 2026. Buyers during that period are entitled to the dividend in cash, while sellers are not, even if trades settle after the period. Shares purchased during the period are not eligible for an election to receive the dividend in common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
Commission File Number: 001-43187
AI OKTO CORP.
(Translation of registrant’s name into English)
223 Christodoulou Chatzipavlou Street
Hawaii Royal Gardens
3036 Limassol, Cyprus
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
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Form 20-F ☒
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Form 40-F ☐
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INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
On October 23, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Exhibit 99.1. Press release dated October 23, 2026.
The information contained in this Report is hereby incorporated by reference into the Registrant’s registration statement on Form F-3 (File No. 333-299534).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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AI OKTO CORP.
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Dated: October 23, 2026
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By:
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/s/ Petros Panagiotidis
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Petros Panagiotidis
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Chief Executive Officer
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Exhibit 99.1
AI OKTO Corp. Declares Special Dividend of $3.50 Per Share
Limassol, Cyprus, October 23, 2026 – 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