Vinco Ventures Inc (BBIG)

[pb_trading]

Form 10, seems to be a delay, looking at the stock becoming effective 60 days from whenever they file the form.

Form 10 Registration
Unlike a selling shareholders or company registration statement, a Form 10 registration is a registration statement under the Exchange Act, rather than the Securities Act. As such, a Form 10 registration is for the registration of a class of equity securities (typically common stock), rather than for the registration of shares of stock. A Form 10 registration statement automatically goes effective 60 days after filing, triggering a company’s reporting obligations under the Exchange Act. Since a Form 10 registration does not register any shares, a Form 10 registration by itself does not create any freely tradable shares. As a result, a company that goes public by way of a Form 10 usually must rely on the Rule 144 exemption or file a resale/company registration statement to create freely tradable stock.

Spin-Offs
Under a spin-off, a public parent company distributes shares of its non-public subsidiary pro rata to the parent company’s shareholders, thus replicating the parent company’s shareholder base for the subsidiary. Subject to the satisfaction of certain conditions, including the requisite time period under which the parent has owned the subsidiary, the distribution may be exempt from registration under the Securities Act. If the distribution is exempt from registration under the Securities Act, the subsidiary will file a Form 10 for registration under the Exchange Act.

$BBIG