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Vinco Ventures Inc (BBIG)

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Last Post: 5/27/2022 2:33:16 PM - Followers: 168 - Board type: Free - Posts Today: 0


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.com. Benzinga does not provide investment advice. All rights reserved."


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BBIG News: Proxy Statement (definitive) (def 14a) 05/27/2022 01:53:35 PM
BBIG News: Statement of Ownership (sc 13g) 05/27/2022 10:12:57 AM
BBIG News: Current Report Filing (8-k) 05/25/2022 01:23:49 PM
BBIG News: Vinco Ventures, Inc. Delays Cryptyde Spin-off Distribution Date 05/25/2022 01:20:00 PM
BBIG News: Current Report Filing (8-k) 05/23/2022 12:11:21 PM
#6634   Lol this stock is like a roller coaster ghosttrader13 05/27/22 02:33:16 PM
#6633   BOOM BOOM !!!!!!!!!!!!!!!!! NASDAQ2020 05/27/22 02:31:46 PM
#6632   Damn it's like I've got a direct line Honestup 05/26/22 09:04:44 PM
#6631   Pretty sure those bbig shares are paired to Honestup 05/26/22 08:06:43 PM
#6630   Well this is dumb... I bought some... Honestup 05/26/22 08:03:28 PM
#6629   Any idea what this means---"subject to certain contractual creakyhottie 05/26/22 02:02:23 PM
#6628   It sounds like a short trap being set gotinearly 05/26/22 01:49:28 PM
#6627   I have never seen where shareholders are kept creakyhottie 05/26/22 01:39:03 PM
#6626   BBIG will delay the TYDE spin off until masterofdisaster 05/25/22 09:55:33 PM
#6625   Get this Zash merger done! Otherwise I'm forced Honestup 05/25/22 08:03:59 PM
#6624   Warning Will Robinson Warning Scotttrader80 05/25/22 07:16:47 PM
#6623   Game over saint721 05/25/22 07:09:11 PM
#6622   Stringing investors along doesn't work forever... July 4th Honestup 05/25/22 07:00:47 PM
#6621   For clarification regarding the record date and distribution Honestup 05/25/22 06:43:00 PM
#6620   Tomorrow wouldn't be soon enough . Who voted hawkshaw812 05/25/22 06:12:07 PM
#6619   Ouch delayed ghosttrader13 05/25/22 05:46:57 PM
#6618   Because nobody is going to buy this scam. Nagrom10 05/25/22 05:40:27 PM
#6617   The corrupt SEC isn’t allowing anything to disrupt Nagrom10 05/25/22 05:39:21 PM
#6616   And there’s a sell off. Why? jmhgolf 05/25/22 05:33:26 PM
#6615   Strange https://investors.vincoventures.com/press-releases/detail/113/vinco-ve creakyhottie 05/25/22 05:28:55 PM
#6614   No Limits With LOMO!!! No brainer... Honestup 05/25/22 11:28:19 AM
#6613   Shorty is hangry... keep eating up those cheap Honestup 05/25/22 10:55:31 AM
#6612   Looks as though BBIG was just getting the Honestup 05/25/22 10:43:12 AM
#6611   BBIG is performing better than my other meme stocks Hikerbc 05/24/22 11:31:49 PM
#6610   BBIG Bucking after hours! Ride that Bull! Honestup 05/24/22 08:58:33 PM
#6609   Yes pb_trading 05/23/22 07:06:59 PM
#6608   Home / Expert Stock Picks to Buy Now Hikerbc 05/23/22 06:25:02 PM
#6607   I bought some on 19 & 20 May, Marsanch1 05/21/22 12:17:20 PM
#6606   No volume don't expect to much today.... maybe ghosttrader13 05/20/22 11:31:38 AM
#6605   If you own shares you can sell "covered masterofdisaster 05/20/22 08:58:19 AM
#6604   I'm not sure how you do that . hawkshaw812 05/19/22 08:43:50 PM
#6603   Thanks pb LexTrader 05/19/22 08:16:08 PM
#6602   You have till 27th to buy back its pb_trading 05/19/22 06:28:42 PM
#6601   No. The record date is 5/18 with payout LexTrader 05/19/22 01:42:57 PM
#6600   If I sell my BBIG tomorrow that I agkay 05/19/22 01:37:50 PM
#6599   If owned stock here I would be sell masterofdisaster 05/19/22 11:24:00 AM
#6598   Cant waite I bailed out of this last hawkshaw812 05/18/22 09:31:39 PM
#6597   This is where retail social media needs to masterofdisaster 05/18/22 09:13:56 PM
#6596   Just wait until this spin off settles masterofdisaster 05/18/22 09:12:29 PM
#6595   Wow this sold of AH. jmhgolf 05/18/22 08:45:01 PM
#6594   Why yes it is. pinkslipjunkie 05/18/22 03:24:00 PM
#6593   Today May 18th,2022 chumfm 05/18/22 02:15:04 PM
#6592   anybody know what the cryptide dividend record date gotinearly 05/18/22 11:50:33 AM
#6591   This looks nothing like a squeeze masterofdisaster 05/18/22 10:20:15 AM
#6590   Looks like a squeeze to me. Don Quixote 05/18/22 10:08:30 AM
#6589   Or maybe it is SlappyOHulahan 05/18/22 09:20:46 AM
#6588   No probably not but we might see some ghosttrader13 05/18/22 09:09:00 AM
#6587   A squeeze isn’t happening. Nagrom10 05/17/22 03:15:27 PM
#6586   They’re not going to cover. They didn’t cover Nagrom10 05/16/22 10:31:41 AM
#6585   Because they aren't forced to cover lol ghosttrader13 05/16/22 07:13:28 AM
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