Cryptyde, Inc. (NasdaqCM : TYDE) entered into membership interest purchase agreement to acquire Forever 8 Fund, LLC for $56.4 million on September 14, 2022. Consideration comprised of: (i) an aggregate of 10.75 million Preferred Units to be issued to the Sellers (ii) convertible promissory notes in an aggregate principal amount of $27.5 million issued to Sellers, iii) $7.4 million in assumed debt obligations and (iv) the right to receive up to an additional $37.0 million of contingent cash or 18.5 million equity consideration upon the achievement of certain earnout milestones. The transaction is expected to be close in the third quarter or early fourth quarter of 2022 after the satisfaction of certain customary closing conditions.

Graubard Miller acted as legal advisor to seller. Haynes and Boone, LLP acted as legal Advisor to Cryptyde, Inc.