Vinco Announces Record Date and Distribution Date for Planned Business Separation Cryptyde
May 6, 2022 By MarketDepth
Vinco Ventures, Inc. (NASDAQ: BBIG) has set May 18th, 2022 for the dividend of shares of common stock of Cryptyde, Inc. to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly-traded companies.
Spinoff of Cryptyde
Cryptyde filed a Registration Statement on Form 10. This form contains information regarding Vinco’s plans for a tax-free spinoff of Cryptyde as a publicly traded company, including the conditions to completion of the separation. The Form 10 has not been declared by the Securities and Exchange Commission. After the separation, Cryptyde common stock will trade on the NASDAQ Capital Market under the stock ticker symbol “TYDE” and Vinco will continue to trade on NASDAQ Capital Market under the stock ticker symbol “BBIG”.
Development of Digital Content
Vinco Ventures, Inc. (BBIG) is focused on the development of digital media and content technologies. Vinco Ventures’ consolidated subsidiary, ZVV Media Partners, LLC, a joint venture of Vinco Ventures and ZASH Global Media and Entertainment Corporation, has an 80% ownership interest in Lomotif Private Limited. For more information visit Investors.vincoventures.com. Cryptyde, Inc. (anticipated: TYDE), is focused on leveraging blockchain technologies to disrupt consumer-facing industries.