Vinco Ventures, Inc. (NasdaqCM:BBIG) announced the spin-off of Cryptyde on September 13, 2021. On May 5, 2022, Vinco Ventures, Inc. signed the agreement for the transaction. Pursuant to the terms of the transaction, Cryptyde will go public through a dividend spin-off. It is intended to allow for the spin-off to be a tax free exchange and all dividend shares will be free trading at the time of dividend, which Vinco Ventures, Inc., believes will create the greatest shareholder value for current Vinco Ventures, Inc., shareholders. Upon completion of the spin-off, holders of Vinco will continue to maintain their existing ownership interest in Vinco. The record date for the spin-off is September 15, 2021. As of September 17, 2021, the record date of the spin-off is October 15, 2021. As of October 6, 2021, the record date of the spin-off is October 22, 2021. The Distribution is expected to occur on or around December 31, 2021. As of October 20, 2021, Brett Vroman, the former Chief Financial Officer of Vinco Ventures, Inc., has been appointed Chief Financial Officer of Cryptyde. All former Officers and Directors of Vinco Ventures, Inc., remain as part of the executive and management leadership team of Cryptyde within the ZASH family of companies and ecosystem. The former Vinco Chief Strategy Officer, Brian McFadden, named Chief Executive Officer of Cryptyde. The Cryptyde executive team has been transitioned from Vinco. Each BBIG stockholder of record will receive one share of Cryptyde common stock, $0.001 par value, for every ten (10) shares of BBIG common stock, $0.001 par value, held by such stockholder as of the close of business on the Record Date. As of June 23, 2022, Vinco Ventures announced distribution date as June 29, 2022. As of May 6, 2022, record date is May 18, 2022 and spin off completion date is set as May 27, 2022. As of May 25, 2022, completion is expected on or about the end of second quarter of 2022.

Nevada Agency and Transfer Company acted as transfer agent to Vinco Ventures. Transaction is subject to the necessary registration under the federal securities laws and other material governmental or regulatory filings or approvals will be necessary to consummate the Distribution. Joseph Lucosky and Adele Hogan, Esq of Lucosky Brookman LLP acted as legal advisors to Vinco Ventures, Inc.

Vinco Ventures, Inc. (NasdaqCM:BBIG) completed the spin-off of Cryptyde on June 29, 2022.