Cryptyde falls on upsized share resale ahead of spinoff

Vinco Ventures

08/06/2022 15:27

** Blockchain tech and bitcoin mining co Cryptyde Inc's
shares  TYDEV.O  drop 9.4% to $7.35
    ** Co files for resale of nearly 24 mln shares of common
stock by existing investors, after earlier filing for a resale
of 10.5 mln shares https://bit.ly/3Q9xw59
    ** Stock has lost nearly 46% since it started trading on a
when-issued basis on May 18 after TYDEV's parent co Vinco
Ventures  BBIG.O  announced plans to spin off co
    ** When-issued trading refers to a conditional transaction
where a security, though authorized, has not been issued yet
    ** BBIG stock has lost nearly 9% YTD
    

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))