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Benzinga
Benzinga
Business
Benzinga Staff

Vinco Ventures Shares Down Over 10% After Market Close: What Happened

Nasdaq BBIG

Vinco Ventures, Inc.'s (NASDAQ:BBIG) board of directors announced the delay of the distribution date for the previously announced spin-off of Cryptyde, Inc. due to contractual and regulatory conditions.

Vinco issued the press release after market close, with the stock reacting by trading down more than 10%. Vinco had already closed the day down 3.09% at $2.82 a share.

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