SoundView Technology Group Research Note: NXT-ID, Inc. – Upcoming Spin-off to Unlock Value
October 5, 20183 min
SoundView Technology Group (http://soundview.co) releases the following company update for NXT-ID, Inc. (NASDAQ: NXTD ). Upcoming Spin-off to Unlock Value Kris Tuttle, kris@soundview.co Highlights NXT-ID management announced their plans to separate the company into two publicly-traded entities. The Fit Pay business and related FinTech assets will be spun off in a tax-free distribution to existing shareholders. The remaining business and shares will be anchored by the LogicMark business plus some other assets and IP. The motivation behind the...