Business
Cryptyde Inc. Announces Name Change to Eightco Holdings Inc.
New Name Reflects Focus on Forever 8 and Fintech Business Opportunities SAFETY HARBOR, Florida, April 04, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc.
About this update from Eightco Holdings Inc.
[{"type":"text","content":"New Name Reflects Focus on Forever 8 and Fintech Business Opportunities SAFETY HARBOR, Florida, April 04, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. announced today that it has changed its name from Cryptyde, Inc. effective immediately. The company has made the decision to concentrate its efforts on its most valuable asset, Forever 8, for which the company previously announced guidance of projected $60 million in revenue for fiscal year 2023. In addition, the company anticipates synergistic business opportunities to complement its already growing fintech business. \"Eightco Holdings Inc. signifies our commitment to the fintech industry's expansion coupled with the market opportunities that our subsidiary, Forever 8, presents,\" said Eightco Holdings CEO Brian McFadden. \"After internal discussions and analysis, our leadership reached the consensus that the crypto industry's regulatory risks are likely to continue escalating, and the company and our clients would be better served by focusing our full attention on supporting entrepreneurs through our existing subsidiaries Forever 8 and Ferguson Container. We believe that this strategic decision is in the best interest of our shareholders and the sustainable growth of our company.\" This name change marks a milestone in the company's growth plan and reflects its commitment to delivering value to its customers, investors, and other stakeholders. The company's core business will remain the same, providing fintech solutions to entrepreneurs in the e-commerce space. In addition to the name change to Eightco Holdings Inc., the symbol under which its common stock trades on the Nasdaq Capital Market changed from “TYDE” to “OCTO.” The common stock will begin trading under the new stock symbol at market open on Tuesday, April 4th. \"We are excited to move forward under our new name and continue to focus on the growth of the fundamental business, providing inventory solutions to entrepreneurs and businesses around the world,\" said McFadden. About Eightco Holdings Inc. Eightco Holdings Inc. (NASDAQ: OCTO) is committed to growth focused around its existing subsidiaries, Forever 8, an inventory management platform for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and i...