Vinco Sets Record Date and Distribution Date for Planned Business Separation of Cryptyde

Vinco Ventures, Inc. , a digital media and content technologies holding company, today announced that May 18, 2022 has been set as the record date 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.

Each Vinco stockholder of record as of the close of business on May 18, 2022 will receive, on the distribution date, one share of Cryptyde common stock for every 10 shares of Vinco common stock held. The share dividend is expected to be distributed to Vinco stockholders on or about May 27, 2022. Following the separation, Vinco stockholders will also receive cash in lieu of any fractional shares of Cryptyde common stock that those holders would have received after application of the 10:1 distribution ratio. No action is required by Vinco stockholders in order to receive the shares of Cryptyde common stock in the dividend distribution.

In connection with this separation, Cryptyde filed a Registration Statement on Form 10 . This Form 10 contains further information regarding Vinco’s plans for a tax-free spin-off of Cryptyde as a publicly traded company, including the conditions to completion of the separation. The Form 10 has not been declared effective yet by the Securities and Exchange Commission.

After the separation, Cryptyde common stock is expected to 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.”

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