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Palladium Capital Group Facilitates $42,000,000 Financing for Cryptyde, Inc., a wholly owned subsidiary of Vinco Ventures (NASDAQ: BBIG)

Jan. 26, 2022:

NEW YORK, NY, January 26th, 2022 – Palladium Capital Group, LLC, today announces that it has served as investment banker to Cryptyde (the “Company”), a wholly owned subsidiary of Vinco Ventures (NASDAQ: BBIG), which today announced that it has entered into definitive agreements with two institutional investors for a total of $42 million in financing.

The equity portion of the financing is priced at $8.00 per share and the debt financing portion has a conversion price of $10.00 per share. The financing was done at a post-deal approximate enterprise value of $300 million.

Palladium Capital Group, LLC is the sole placement agent in connection with the offering.