VINCO VENTURES INC - BBIG STOCK NEWS

VVIP Ventures has entered into a multi-year content syndication agreement with a360media to distribute content from its celebrity brands such as In Touch, Star, Closer, and Life & Style. This collaboration aims to enhance the digital presence of Vinco Ventures (NASDAQ: BBIG) in the media landscape, particularly through its TikTok competitor, Lomotif. The agreement is expected to generate new revenue streams and fully monetize content on various platforms. Additionally, the integration with AdRizer aims to optimize advertising returns through advanced analytics and publisher connections.

Vinco Ventures (NASDAQ: BBIG) has entered into an Asset Purchase Agreement with a360 Media to acquire the National Enquirer, National Examiner, and Globe for an undisclosed cash amount. This acquisition is part of Vinco's strategy to grow into a leading global content publisher in the celebrity space. The transaction grants Vinco access to a 96-year archive of content to be integrated into its digital ecosystem, enhancing monetization opportunities across various digital platforms including AdRizer and Lomotif. Additionally, a 90-day exclusive window for further collaborations with a360 Media has been established.

Vinco Ventures has successfully completed the purchase of all equity interest in ZVV Media Partners, a joint venture with ZASH Global Media, including the acquisition of the popular TikTok alternative, Lomotif. This acquisition is a key part of Vinco's strategy to enhance its content-driven ecosystem, which also includes AdRizer, Magnifi U, and Honey Badger. Lomotif's recent recognition as a top TikTok alternative positions Vinco well amidst political concerns over TikTok. The company aims to further integrate and scale its media and entertainment operations.

Vinco Ventures (Nasdaq: BBIG) has completed a significant transition, emphasizing a focus on revenue and profitability. The company announces the departure of CEO Ross Miller and President Gabe Hunterton, effective immediately. A new permanent CEO with strong leadership experience in media and entertainment will be appointed soon. Chairman Rod Vanderbilt takes on the role of Executive Chairman, overseeing daily operations. Vinco Ventures aims to expand its content-driven business ecosystem.

Vinco Ventures received a notice from Nasdaq for failing to comply with continued listing requirements due to not filing its quarterly report on Form 10-Q by the deadline of November 14, 2022. The company is currently behind on its filings and submitted a compliance plan to address this issue by filing the delinquent reports by January 30, 2023, with an update due to Nasdaq by December 19, 2022. This situation raises concerns about Vinco's financial reporting practices and adherence to regulatory deadlines.

Vinco Ventures (Nasdaq: BBIG) announced the appointment of Richard Levychin as an independent director and Chair of the Audit Committee, effective November 11, 2022. Levychin brings over 25 years of financial experience and will enhance the Company’s compliance with Nasdaq requirements. His role is pivotal for overseeing financial reporting processes, which supports Vinco’s strategic plans. This appointment fulfills the independent director criteria necessary for continued Nasdaq listing, demonstrating the Company’s commitment to regulatory compliance and sound governance.

Vinco Ventures, Inc. (Nasdaq: BBIG) has announced that Nasdaq has accepted its remediation plan to comply with Rule 5250(c)(1). This plan, submitted on October 17, 2022, allows Vinco until January 31, 2023, to complete its required SEC filings. CEO Ross Miller expressed confidence in the leadership team and interim CFO Brendan Bosack's expertise, emphasizing their commitment to compliance and transparency with shareholders.

Vinco Ventures (Nasdaq: BBIG) has launched the beta version of Lomo Ads, integrating with Google Ads within its Lomotif platform. This initiative allows programmatic advertising, targeting major brands like Coke and Starbucks. The company aims to enhance monetization for creators, crucial for its long-term vision. Lomotif, which boasts 225 million installations globally, intends to incorporate Blockchain technology for transparency. The integration is expected to drive engagement and revenue growth, marking a significant step in Vinco's growth strategy.

Vinco Ventures (Nasdaq: BBIG) has appointed Ross Miller as CEO following a settlement in litigation dated September 28, 2022. Gabe Hunterton joins as President, with Brian Hart and Jesse Law added as independent directors. The settlement marks a significant leadership change, eliminating ties with former executives John Colucci and Philip Jones. Miller emphasizes a focus on transparency and shareholder value, while the Board, led by Roderick Vanderbilt, expresses optimism for future growth. Vinco aims to finalize quarterly filings and combine operations with Zash and ZVV management teams.