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Created: 06/06/2019 12:41:09 PM - Followers: 166 - Board type: Free - Posts Today: 10

Item 1.01 Entry into a Material Definitive Agreement.



As previously reported by Vinco Ventures, Inc. (the “Company”), 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 notes (the “July Notes”) and warrants, of which 30,258,848 remain outstanding as December 20, 2021 (the “July Warrants”). On December 20, 2021, the Company and the Holder entered into a Warrant Exercise Agreement (the “December WEA”), whereby, the Company and the Holder agreed, subject to the satisfaction (or waiver) of the conditions set forth in Sections 4 and 5 of the December WEA, (i) for the Holder to exercise 13,634,685 July Warrants (the “Exercised Warrants”) representing the right to acquire shares (the “Exercised Warrant Shares”) of Common Stock, (ii) for the Company to issue additional warrants to purchase up to an initial aggregate number of shares of Common Stock equal to 225% of the number of Exercised Warrant Shares at a per-share exercise price equal to $3.2653 (the “December Warrants” and, together with the July Warrants, the “Warrants”), all pursuant to the terms and conditions set forth therein, and (iii) to amend (A) those certain Warrants (the “September Warrant”) issued by the Company to the Holder pursuant to that certain Warrant Exercise Agreement dated as of September 1, 2021 by and among the Company and the Holder (“September WEA”) and (B) those certain warrants (the “November Warrant”) issued by the Company to the Holder pursuant to that certain Warrant Exercise Agreement dated as of November 11, 2021 by and among the Company and the Holder (the “November WEA”). The December Warrant is exercisable by the Holder on any day on or after the date the authorized number of shares of the Company’s Common Stock is increased to at least 400,000,000 shares (the “Initial Exercisability Date”) until the fifth (5th) anniversary of the Initial Exercisability Date or, if such date falls on a day other than a Trading Day (as defined in the December Warrant) or on which trading does not take place on the Principal Market (a “Holiday”), the next date that is not a Holiday.


The proceeds to the Company from the exercise of the Exercised Warrants were approximately $36,200,000, before deducting certain expenses incurred by the Company in connection with the December WEA and, including, but not limited to, expenses of the Holder’s legal counsel. The Company intends to use the proceeds from the Exercised Warrants to, among other things, fund a portion of the acquisition of AdRizer LLC, which was previously announced in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 7, 2021.


Subject to the satisfaction (or waiver) of the conditions set forth in Sections 4 and 5 of the December WEA, (i) the Holder shall pay to the Company an amount equal to the Exercise Price (as defined in each Exercised Warrant) in effect as of the date of such exercise multiplied by the applicable Exercised Warrant Shares, (ii) the Company shall issue and deliver to the Holder the Exercised Warrant Shares as set forth in Section 1 of the Exercised Warrants, and (iii) the Company shall issue and deliver to the Holder December Warrants to initially purchase an aggregate number of shares equal to 225% of the number of Exercised Warrant Shares, which number of shares shall be increased by 225% of the number of any other shares issued to the Holder upon the exercise of other outstanding warrants or the conversion of the Company’s outstanding convertible notes prior to February 28, 2022, which number shall be subject to further adjustment as set forth in the December WEA. Additionally, pursuant to Section 7(o) of the December WEA, the reference to “December 31, 2021” in the definition of “Adjustment Date” in Section 19(c) of the November Warrants shall be replaced with “December 19, 2021.”


Additionally, the parties executed and delivered a Registration Rights Agreement (the “Registration Rights Agreement”), pursuant to which the Company agreed to file an initial registration statement with respect to the shares of Common Stock underlying the Registrable Securities (as defined in the Registration Rights Agreement) by April 15, 2022.





Pursuant to Section 7(m) of the December WEA, by no later than March 11, 2022, the Company shall file with the Securities and Exchange Commission a definitive proxy statement for a special meeting of the stockholders of Common Stock (the “Stockholder Meeting”), soliciting each such stockholder’s affirmative vote at the Stockholder Meeting for approval of resolutions providing for (i) the issuance of all the shares of Common Stock issuable pursuant to the December Warrants, including adjustments pursuant to Section 2(b) of the December Warrants without giving effect to any limitation on exercise set forth therein and without giving effect to the Exercise Floor Price (as defined in the December Warrants), (ii) approving any voluntary adjustments that the Company may offer pursuant to the terms of any of the December Warrants, and (iii) the increase in the authorized number of shares of Common Stock of the Company to at least 400,000,000 (the “Authorized Share Proposal”). The Stockholder Meeting shall be promptly called and held not later than April 10, 2022 (the “Stockholder Meeting Deadline”)."
4/19/21 - 2.03 gap

Pelosi says the new variant is "Not-Xi", calls for impeachment.

"5:49p ET 11/22/2021 - Benzinga
Vinco Ventures Earlier Reported Q3 EPS $(7.59) Down From $(0.30) YoY, Sales $2.23M Down From $2.52 YoY

Vinco Ventures (NASDAQ:BBIG) reported quarterly losses of $(7.59) per share. This is a 2430 percent decrease over losses of $(0.30) per share from the same period last year. The company reported $2.23 million in sales this quarter. This is a 11.50 percent decrease over sales of $2.52 million the same period last year.

© 2021 Benzinga does not provide investment advice. All rights reserved."

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Hope you are right; debating whether I should Hikerbc 07/06/2022 08:56:21 PM
Guess we shall see.. ghosttrader13 07/06/2022 07:54:09 PM
BBIG had always been a joke and don't masterofdisaster 07/06/2022 07:42:07 PM
Few 100% and we could be back to ghosttrader13 07/06/2022 06:35:30 PM
BBIG So I' saint721 07/06/2022 11:53:31 AM
You really think tiktok is going to get ghosttrader13 07/06/2022 11:24:47 AM
The spin-off dragged this company SP down for StockLogistics 07/06/2022 10:07:55 AM
"Should" yes but who knows with these people ghosttrader13 07/06/2022 09:04:54 AM
Lomotive, BBIG, Low month 2022, 22 eye 7, StockLogistics 07/06/2022 08:20:00 AM
This is looking worse and worse everyday wtf ghosttrader13 07/05/2022 07:09:27 AM
That small wall street custodian is a wimpy Hikerbc 07/04/2022 10:19:18 PM
small lost. wallstreet custodian fooled everyone for the bunda 07/03/2022 07:02:48 PM
Because nobody makes them. Margin calls are even Sonny Crockett 07/02/2022 08:18:41 AM
I only bought a small amount masterofdisaster 07/02/2022 06:25:17 AM
got put in yesterday. Happened on 6/29 officially creakyhottie 07/01/2022 12:33:50 PM
I noticed the TYDE dividend in my account Scotttrader80 07/01/2022 12:09:06 PM
I'm kind of lost on what your trying hawkshaw812 06/30/2022 10:54:44 PM
wallstreet custodian warned you ..this is not a bunda 06/30/2022 10:48:28 PM
I'm surprised you bought into this . hawkshaw812 06/30/2022 08:53:17 PM
they are watching too many pump on you bunda 06/30/2022 06:02:02 PM
People tried to warn you, but you noob Nagrom10 06/30/2022 10:16:37 AM
Options have been made close position only. masterofdisaster 06/30/2022 10:15:13 AM
Are we going to get delisted after this ghosttrader13 06/30/2022 09:41:02 AM
VINCO TRADING TODAY Hikerbc 06/30/2022 09:37:31 AM
r u meaning a comprehension problem? Scotttrader80 06/30/2022 09:10:04 AM
My brother earp just bought 20k shares hes ready!! ghosttrader13 06/29/2022 12:32:33 PM
Your clearly pretending to be naive... spin what Honestup 06/29/2022 12:01:22 PM
Well idk how else the price gos down ghosttrader13 06/29/2022 11:42:32 AM
Please... no one is selling for a loss Honestup 06/29/2022 11:25:21 AM
Okay lol ghosttrader13 06/29/2022 11:17:51 AM
Lets be real... no one is dumping their Honestup 06/29/2022 11:02:54 AM
Did you see we just hit a new ghosttrader13 06/29/2022 10:33:24 AM
Whoa. The story about banning TikTok is JFBroderick 06/29/2022 08:16:52 AM
You apparently don’t know what you’re talking about. Nagrom10 06/28/2022 04:46:49 PM
You obviously have a reading compression problem masterofdisaster 06/28/2022 04:34:03 PM
They’re not going to cover. Nobody is going Nagrom10 06/28/2022 04:09:44 PM
Gonna be real interesting to see where the masterofdisaster 06/28/2022 04:00:47 PM
Quite frankly I don't care if shorts get masterofdisaster 06/28/2022 12:28:15 PM
Nope ghosttrader13 06/28/2022 11:40:51 AM
No squeeze. Nagrom10 06/28/2022 11:25:38 AM
This is the first time I bought BBIG. masterofdisaster 06/28/2022 05:47:18 AM
Not trying to sound totally negative here but... ghosttrader13 06/27/2022 08:38:39 PM
36,316,430 shares shorted as of June 15th. 3.21 DTC masterofdisaster 06/27/2022 07:04:23 PM
Bought 3,000 shares today. Cautiously optimistic masterofdisaster 06/27/2022 06:51:59 PM
Another day with massive short exempts. 900k masterofdisaster 06/27/2022 06:47:32 PM
$5 target $BBIG as Fed doing QE means tw0122 06/27/2022 01:28:43 PM
It’s not going to squeeze. Shorts aren’t stupid. Nagrom10 06/27/2022 10:07:26 AM
Added some BBIG $2.14. Big funds shorting have tw0122 06/27/2022 08:03:36 AM
Fingers crossed but the track record we have ghosttrader13 06/27/2022 07:18:56 AM
I am aware, the short exempts the last masterofdisaster 06/27/2022 06:46:40 AM
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