Eightco Holdings (fka Cryptyde) completes 1-for-50 reverse split, name change, pivots to fintech

Eightco Holdings Inc.

Name changed from Cryptyde, Inc. to Eightco Holdings Inc. effective April 3, 2023.
1-for-50 reverse stock split reduced outstanding shares from ~89.9M to ~1.8M.
New trading symbol 'OCTO' on Nasdaq Capital Market began April 4, 2023.
Company pivots to Forever 8 fintech, citing crypto regulatory risks; Forever 8 guided $60M revenue in FY2023.
CEO Brian McFadden states strategic decision is in best interest of shareholders.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Eightco Holdings Inc.: Amended certificate of incorporation to effect a 1-for-50 reverse stock split and change company name from Cryptyde, Inc. to Eightco Holdings Inc (effective 2023-04-03).

Change: charter amendment
Effective: 2023-04-03

Exact text from the filing

On April 3, 2023, Eightco Holdings Inc., formerly known as Cryptyde, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of Delaware (1) to effect a 1-for-50 reverse stock split of the shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), either issued and outstanding or held by the Company as treasury stock (the “Reverse Stock Split”) and (2) to change the name of the Company from “Cryptyde, Inc.” to “Eightco Holdings Inc.” (the “Name Change”).

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188 governance changes filed in the last 30 days. Browse all governance changes →

Eightco Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-010845

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