Cryptyde, Inc. (NasdaqCM : TYDE) entered into membership interest purchase agreement to acquire Forever 8 Fund, LLC for $56.4 million on September 14, 2022. Consideration comprised of: (i) an aggregate of 10.75 million Preferred Units to be issued to the Sellers (ii) convertible promissory notes in an aggregate principal amount of $27.5 million issued to Sellers, iii) $7.4 million in assumed debt obligations and (iv) the right to receive up to an additional $37.0 million of contingent cash or 18.5 million equity consideration upon the achievement of certain earnout milestones. The transaction is expected to be close in the third quarter or early fourth quarter of 2022 after the satisfaction of certain customary closing conditions. Graubard Miller acted as legal advisor to seller. Haynes and Boone, LLP acted as legal Advisor to Cryptyde, Inc.

Cryptyde, Inc. (NasdaqCM:TYDE) completed the acquisition of Forever 8 Fund, LLC on October 1, 2022. For year ended December 31, 2021, Forever 8 Fund repored total revenues of $12.6 million, total assets of $6.7 million, EBIT of $343, Net loss of ($0.45) million and total common equity of ($0.55) million. The acquisition lays the foundation for Cryptyde's fintech portfolio and positions Cryptyde to generate revenue from the F8 acquisition, beginning in fourth quarter of 2022.