Daily Archives: September 23, 2018

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Micro-Cap Nxt-ID to Spin Off Payments Unit

SEBASTIAN, Florida, September 21, 2018 /PRNewswire/ — Nxt-ID, Inc. (NASDAQ: NXTD) today announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute shares of the newly created company to its shareholders through the execution of a spin-off, which the Company believes will qualify as a tax free distribution. Immediately following…