Vinco Ventures, Inc. Delays Cryptyde Spin-Off Distribution D…

(MENAFN- GlobeNewsWire – Nasdaq)

Fairport, NY, May 25, 2022 (GLOBE NEWSWIRE) — Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media and content technologies holding company (“Vinco Ventures,”“Vinco,” or the“Company”), today announced that, due to contractual and regulatory conditions, the Company’s Board of Directors has decided to delay the distribution date for the previously announced spin-off of Cryptyde, Inc. (“Cryptyde”).

On May 5, 2022, the Company announced that each Vinco stockholder of record as of the close of business on May 18, 2022 would receive one share of Cryptyde common stock for every ten shares of Vinco common stock held and that such share dividend was expected to be distributed on or about May 27, 2022. The Company currently expects the distribution date for the Cryptyde spin-off to occur on or about the…

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