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SMMT reported a Form 4 filing of an insider purchase of over 7 million shares
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 8/16/2022 P 184430 (1) A $0.97 359969 D
Common Stock 8/16/2022 P 4593777 (1) A $0.97 7061557 (2)
BBIG filing this morning:
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported by Vinco Ventures, Inc. (the “Company”), (i) pursuant to that certain Securities Purchase Agreement (“July SPA”) dated as of July 22, 2021 by and between the Company and an accredited institutional investor (the “Holder), the Company sold to the Holder a Senior Secured Convertible Note in the aggregate principal amount of $120,000,000, of which an aggregate amount of $80,000,000 remains outstanding (the “Note”) and warrants representing the right to acquire shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”).
On August 15, 2022, the Holder submitted an Event of Default Redemption Notice to the Company in accordance with the terms of Section 4 of the Note in light of the Event of Default caused as a result of the Common Stock’s suspension from trading on an Eligible Market for five (5) consecutive Trading Days (the “Specified Event of Default”).
On August 18, 2022, the Company and the Holder entered into a Purchase Agreement (the “Purchase Agreement”) whereby the parties agreed, among other things: (i) that the Company shall repurchase (the “Company Repurchase”) $55,000,000 of the Principal Amount of the Note then outstanding (the “Company Repurchase Amount”) for $65,000,000 (the “Company Repurchase Price”), (ii) that such repayment shall be deemed voluntary, (iii) that notwithstanding anything to the contrary in Section 1 of the Note, but subject to Section 3(d) of the Note, until the Company Repurchase Amount is paid in full, the Company Repurchase Amount (together with any Interest and Late Charges thereon) may be converted, in whole or in part, by the Holder into Common Stock pursuant to Section 3 of the Note, (iv) that the release shall be permitted of up to $70,000,000 from the Control Account; provided that $65,000,000 of such amount is wired directly from the Control Account to the Holder as payment of the Company Repurchase Price (the “Cash Release”), (v) that pursuant to Section 7(d) of the Note, the Conversion Price of the Note immediately following the Company Repurchase shall be voluntarily and irrevocably adjusted to equal $1.00, subject to further adjustments as provided in the Note, (vi) that the Company acknowledges that the Specified Event of Default has occurred and that the Specified Event of Default would permit the Holder to exercise certain specified rights (the “Remedies”), (vii) that, notwithstanding the occurrence of the Specified Event of Default, the Holder agrees to forbear from exercising any of the Remedies solely with respect to the Specified Event of Default effective only upon satisfaction in full of certain conditions precedent on or before August 20, 2022, unless waived in writing by the Holder (the first date upon which all such conditions have been satisfied or waived, as the case may be, by the Holder being referred to herein as the “Effective Date”) and (viii) that the Company shall file a current report on Form 8-K (the “8-K Filing”) on or before 9:30 a.m., New York City time, on August 18, 2022.
The Purchase Agreement includes representations, warranties and covenants, and conditions to closing, expense and reimbursement obligations and termination provisions.
The foregoing description of the terms of the Purchase Agreement and the transactions contemplated thereby, does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Reminds me of a scene from the movie "123" with Jimmy Cagney and the lovely Pamela Tiffin.
"Russian rockets--to the moon. American rockets--Miami Beach"
PALI looking mean in AH .18s on deck!
CYBM hit 94 cents today shrooooooms for depression
News from PETZ, everybody’s favorite
Anyone who has access to Edgar can pull it up
I can copy and paste but I am on the patio right now with my iPad
AGLE specializes in treating rare metabolic diseases by engineering small changes in enzymes
In other words the engineering changes intercellular communication
One could say a disease in many ways is a spread of disinformation in the same way Donald Trump spreads disinformation which results in societal disorder
Steve Bannon told him how to do it
$BBIG I do not see any filings
Applied Materials (AMAT) reported
Way higher in the Gaucho Market
That should boost the QQQ
Cyn $1.47 wow thats one bullish setup
VTGN isn't even micro, it is nano cap
5:12 pm ET
VistaGen Therapeutics Q1 EPS $(0.10) Down From $(0.04) YoY, Sales $310.00K Down From $354.10K YoY
Benzinga
Company is developing a nasal spray drug delivery to treat depression--like about two dozen more NASDAQ third tier companies.
AGLE, like the news about a company developing a treatment therapy for a rare disease.
$ME $4.18 looks like it's ready to return above the 200dma https://schrts.co/SjFWHVhp
$VTGN .26 news spreading, probably sees .30+ imo
$VTGN .22 CEO buys 600K shares
,,,,,,,$PSTV—YOU’D THINK THIS MOFO WOULD BE…over$4
Malaysia is a leading producer of semiconductors. China dominates, but rising production costs is causing a shift to other SE Asian nations where labor is cheaper.
damn, last I flew in April it was half that and across the world..
$LMNL .57, over .61 is chart breakout
Tiny bubbles in the wine
Delta $1638 flight from LAX to Honolulu for Spring Break
$LRMR 3.55
$91US average for a room in a 3 star hotel in Kuala Lumpur!
HSTO-swept out weak today, radar $2+
CEAD up another .05 from my last post low floater
Thank you, Bill O’Neill
US? Does business in Malaysia. E-commerce platform.
But, payment processing is, in all respects today, a global business. Any way it can be sped up means the faster the currency moves so the banks can’t tie it up.
$GCT daily cup n handle
$LCFY .74, over .75 is breakout
$LCFY .69 nearing breakout (over .75)
$TGL priced at $4 ran to $20 you'll remember it again soon when it re-explodes high growth US company.
ACON, I'm holding for another day
$LCFY .67, over .75 is breakout
Now GCT has decided to move higher in the final hour of regular trade.
A possible Gaucho Gang favorite after the close.
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