Cryptyde Inc filed a Form 10 for the issuance of TYDE shares on Tuesday, inching closer to launch than ever before. They also announced that they are entering into a definitive agreements for $42 million of debt and common equity raise the following day.
Vinco Ventures’ (BBIG) investors are eagerly waiting for Cryptyde’s (TYDE) IPO to get listed on NASDAQ with social media buzz increasing day by day. Cryptyde, on the other hand is yet to receive the approval from NASDAQ for the initial listing of company’s common stock.
Although we don’t have a definitive date yet, let’s look into the application process. According to NASDAQ’s Initial Listing Guide, a listing application is typically processed within four to six weeks.
Furthermore, the time frame is variable and can be significantly shortened if the application raises no issues and the company responds quickly to staff’s comments.
Considering the initial filing date and the official timeline into account, it appears that Cryptyde (TYDE) should have already been listed on NASDAQ. But on January 25, 2022 an amendment to Form 10 was filed to the SEC, where issuance of shares were requested. This indicates that TYDE could be in the later stages of getting the approval. The maximum they could do is to delay this by another 4-6 weeks which seems highly unlikely.
However, once approved, the company must register with the United States Securities and Exchange Commission (SEC) under the Securities Act of 1933. The registration is required when selling or offering because the stocks were offered in private placements. Furthermore, the Securities and Exchange Commission (SEC) recently assigned a Central Index Key number to Cryptyde (CIK). The SEC CIK number for the company is #0001892492, and the ticker symbol is “TYDE.”
Twitter user Lorne Ross, published his call recording with Vinco Venture’s Investor Relations manager Monica Gould. In the call, she confirms that Adrizer will be integrated with Lomotif and the announcement will be out in a couple of weeks. In Terms of Cryptyde’s launch its going to take a few weeks.
So, one could expect an official announcement sooner rather than later.
