VINCO VENTURES INC - BBIG STOCK NEWS

Vinco Ventures (NASDAQ:BBIG) received a notice from Nasdaq regarding non-compliance with listing requirements due to the late filing of its Quarterly Report on Form 10-Q for Q2 2022. The deadline for the filing was August 22, 2022. Vinco has until October 17, 2022, to submit a plan for regaining compliance, with potential extension to February 13, 2023, if accepted. The company plans to file the Form 10-Q and submit the required compliance plan promptly.

ZASH Global Media and Entertainment has appointed Erik Finman as its new CEO, effective July 28, 2022. Finman, a notable figure in the crypto industry, will oversee ZASH's expanding crypto and NFT initiatives. Since its inception in early 2021, ZASH has made significant strides in the media and entertainment sector, particularly in live-streaming and video-sharing. Ted Farnsworth, Chairman, expressed confidence in Finman's ability to lead ZASH in exploring new opportunities in the evolving Web 3.0 landscape. ZASH is a subsidiary of Vinco Ventures (Nasdaq: BBIG).

Vinco Ventures, Inc. (Nasdaq: BBIG) has postponed its Special Meeting of Stockholders originally set for July 26, 2022, to August 23, 2022, at 10:00 a.m. Eastern Time. The postponement allows stockholders more time to consider the proposals for the meeting. The record date remains May 27, 2022, and there are no changes to the purpose or proposals for the meeting. The virtual meeting will be accessible via www.virtualshareholdermeeting.com/BBIG2022SM.

Vinco Ventures (Nasdaq: BBIG) terminated the Farnsworth Group, including CEO and President Lisa King, Co-CEO Theodore Farnsworth, and Chief Security Officer Erik Noble, on July 24, 2022, following a series of mismanaged filings and internal conflicts. John Colucci was appointed as Interim Co-CEO. A $33 million payment was made under a Senior Secured Promissory Note, leaving the company with approximately $20 million in cash. The Board will file a corrected Form 8-K once SEC access issues are resolved. The company aims to stabilize operations and implement cost-saving measures.

Vinco Ventures (Nasdaq: BBIG) appoints Ted Farnsworth as co-CEO alongside Lisa King, effective June 8, 2022. Farnsworth, co-founder of ZASH Global Media and Entertainment, brings extensive industry expertise and leadership in strategic development and marketing. The management change aims to enhance operational efficiency and accelerate growth strategies, particularly through Lomotif and AdRizer. Vinco remains focused on content-driven revenue growth as part of its strategic vision.

Ted Farnsworth, co-founder of ZASH Global Media and Entertainment, has been appointed co-CEO of Vinco Ventures (Nasdaq: BBIG) alongside current CEO Lisa King, effective June 8, 2022. Farnsworth brings extensive media experience, having helped acquire Lomotif and AdRizer. This leadership change aims to streamline operations and enhance strategic growth efforts, focusing on content and revenue generation through Vinco's brands. Both executives expressed enthusiasm for leveraging combined strengths to disrupt the media landscape.

Vinco Ventures, Inc. (Nasdaq: BBIG) has announced June 29, 2022, as the distribution date for a dividend of shares of Cryptyde, Inc. (Nasdaq: TYDEV). Stockholders will receive one share of Cryptyde for every ten shares of Vinco held as of May 18, 2022. Two markets have existed for Vinco stock: 'regular-way' for entitlement to Cryptyde shares and 'ex-distribution' without such entitlement. Post-distribution, Cryptyde will trade under 'TYDE.' No fractional shares will be issued; instead, they will be sold and cash distributed to stockholders. Investors should consult financial advisors for implications.

Vinco Ventures (Nasdaq: BBIG) announced its inclusion in the Russell 3000® Index effective June 27, 2022. This membership offers visibility to the U.S. investment community, automatically placing Vinco in the Russell 1000 or 2000 Index. CEO Lisa King emphasized the significance of this milestone for future growth and strategic execution. Russell indexes, utilized by investment managers and institutional investors, benchmark around $12 trillion in assets. Vinco Ventures focuses on digital media and content technologies, with its subsidiary holding an 80% stake in Lomotif Private Limited.

Vinco Ventures (NASDAQ:BBIG) has announced a delay in the distribution of shares for its spin-off company, Cryptyde, Inc. Initially set for May 27, 2022, the new distribution date is now expected by the end of Q2 2022, pending certain contractual and regulatory conditions. Stockholders as of May 18, 2022, will receive one share of Cryptyde for every ten shares of Vinco held. Following the spin-off, Cryptyde is anticipated to trade under the ticker symbol 'TYDE' while Vinco continues as 'BBIG'.