Business Context and Reporting Period
Eightco Holdings Inc., formerly Cryptyde, Inc., filed a Form 8-K reporting corporate charter amendments effective April 3, 2023. The filing does not cover a quarterly or annual financial reporting period.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial performance metrics.
Material Changes
- The Company effected a 1-for-50 reverse stock split of its common stock at 4:05 p.m. New York time on April 3, 2023.
- Every 50 shares were combined into one share, with no change to the $0.001 par value per share.
- Fractional shares were not issued; resulting fractional interests were rounded up to the next whole share.
- Shares outstanding decreased from approximately 89.9 million to approximately 1.8 million, subject to adjustments from rounding.
- The Company changed its name from Cryptyde, Inc. to Eightco Holdings Inc.
- The common stock began trading on a reverse-split-adjusted basis on Nasdaq’s Capital Market on April 4, 2023, under the symbol “OCTO,” with CUSIP 22890A203.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance or quantified outlook. The reverse stock split and name change are corporate actions and do not, by themselves, change the Company’s underlying assets, liabilities, revenue, or operating performance.
The Company issued press releases on April 3 and April 4, 2023, including information regarding its business focus following the name change. Those materials were furnished under Regulation FD and are not deemed filed for purposes of Section 18 of the Exchange Act, except where expressly incorporated by reference.
Investor Verification Points
- Verify the effective date, 1-for-50 ratio, and treatment of fractional shares.
- Confirm post-split share counts and any additional adjustments resulting from rounding.
- Confirm the Nasdaq trading symbol “OCTO” and new CUSIP 22890A203.
- Review the Certificate of Amendment filed as Exhibit 3.1 and the April 3 and April 4 press releases filed as Exhibits 99.1 and 99.2.
- Review subsequent filings for the Company’s financial condition, operating results, liquidity, capital structure, and stated business focus.