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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Crptyde Inc | NASDAQ:TYDE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0571 | 0.067 | 0.07 | 0 | 01:00:00 |
Cryptyde currently has two main wholly-owned subsidiaries. Forever 8 is a cash flow management platform for e-commerce sellers, and Ferguson Containers is a provider of complete manufacturing and logistical solutions for product and packaging needs. Cryptyde plans to drive growth and innovation through the strategic expansion and management of these two main subsidiaries.
Corporate priorities for Cryptyde in 2023, which are aimed at bridging the gap Cryptyde believes exists between the value of its business and its value as reflected in the equity markets, include:
CEO Brian McFadden added, "Forever 8 has clearly demonstrated its ability to generate revenue in a very short period of time. We believe that positioned under our corporate guidance, we have a model that can grow into a world class asset that offers beneficial differentiators compared to its competitors."
About Cryptyde
Cryptyde, Inc. (Nasdaq: TYDE), a technology company that is focused on driving growth and innovation through strategic acquisitions and management of technology companies. Cryptyde currently has two main wholly-owned subsidiaries: Forever 8, a cash flow management platform for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs. For additional information, please visit http://www.cryptyde.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the potential that the expected benefits of Cryptyde’s acquisition of Forever 8 are not achieved; Cryptyde’s inability to successfully achieve its 2023 corporate priorities; achievement of the expected benefits of Cryptyde’s spin-off from Vinco Ventures, Inc.; tax treatment of the spin-off; market and other conditions; the risks that the ongoing COVID-19 pandemic may disrupt Cryptyde’s business more severely than it has to date or more severely than anticipated; unexpected costs, charges or expenses that reduce Cryptyde’s capital resources; Cryptyde’s inability to raise adequate capital to fund its business; Cryptyde’s inability to innovate and attract users for Cryptyde’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Cryptyde’s and Forever 8’s actual results to differ from those contained in the forward-looking statements, see Cryptyde’s filings with the Securities and Exchange Commission (SEC), including the section titled “Risk Factors” in Cryptyde’s Registration Statement on Form 10, as amended, filed with the SEC on May 13, 2022, and Cryptyde’s Registration Statement on Form S-1, as amended, filed with the SEC on November 14, 2022. All information in this press release is as of the date of the release, and Cryptyde undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
For further information, please contact:
Investor RelationsRichard Brown617-819-1289investors@cryptyde.com
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