Vinco Ventures surges on Cryptyde spinoff update

Vinco Ventures

08/11/2021 13:48

** Shares of e-commerce firm  BBIG.O  surge ~11% premarket
to $5.11, set for their best session in over three weeks
    ** Subsequent to a planned spinoff, co registers its
blockchain tech unit, Cryptyde Inc, to be traded on Nasdaq 
    ** Former Vinco Chief Strategy Officer, Brian McFadden,
named CEO of Cryptyde  urn:newsml:reuters.com:*:nL4N2RG2QC
    ** Upon completion of the spinoff, shareholders of Vinco to
get shares in the new stand-alone, publicly traded co Cryptyde
at a 1:10 ratio 
    ** BBIG, which rode the 'meme' stocks trade, has more than
tripled so far this year
    ** Other crypto stocks rally as ether  ETH=  scale new
peaks, bitcoin  BTC-BTSP  nears record  urn:newsml:reuters.com:*:nL4N2RZ2PM
     
    
    

 (Reporting by Shreyashi Sanyal in Bengaluru)
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144 3740; Twitter: https://twitter.com/s_shreyashi;))