Vinco ventures announces new distribution date for cryptyde spin-off

Rochester, new york, june 23, 2022 (globe newswire) -- vinco ventures, inc. (nasdaq: bbig) (“vinco ventures,” “vinco,” or the “company”), a digital media and content technologies holding company, today announced that the company's board of directors has set june 29, 2022 (the “distribution date”) as the distribution date for the dividend of shares of its common stock of cryptyde, inc. ("cryptyde") to be distributed, subject to certain conditions, to vinco stockholders in order to effect the previously disclosed separation of vinco and cryptyde into two independent, publicly traded companies (the “distribution”). on the distribution date, vinco stockholders entitled to receive the distribution will receive one share of cryptyde common stock for every ten shares of vinco common stock held.
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