Vinco Ventures Announces Inclusion in Russell 3000® Index
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.
- Inclusion in the Russell 3000 Index enhances visibility and access to a broader investment community.
- Membership automatically includes Vinco in large-cap or small-cap indices, likely increasing institutional interest.
- None.
ROCHESTER, N.Y., June 21, 2022 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (Nasdaq: BBIG) (“Vinco Ventures,” “Vinco,” or the “Company”), a digital media and content technologies holding company, today announced that it will be included in the Russell 3000® Index, effective after the U.S. market opens on June 27, 2022, as part of the 2022 Russell indexes reconstitution.
Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
“Inclusion in the Russell 3000 Index is an important milestone for Vinco Ventures, as it will provide increased visibility and exposure to the U.S. investment community. This has been a formative year for us – we have worked hard over the last year to achieve this recognition," said Lisa King, CEO of Vinco Ventures. “It is a key time for us to reach the broader investment community. We have many exciting business updates ahead as we continue to diligently execute our growth plan focused on our core business pillars: engage, endorse and entertain.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
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About Vinco Ventures
Vinco Ventures (Nasdaq: BBIG) is focused on the development of digital media and content technologies. Vinco Ventures’ consolidated subsidiary, ZVV Media Partners, LLC, a joint venture of Vinco Ventures and ZASH Global Media and Entertainment Corporation, has an
Forward-Looking Statements and Disclaimers
This press release contains “forward-looking statements” as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are based upon beliefs of, and information currently available to, Vinco Ventures’ management as well as estimates and assumptions made by Vinco Ventures’ management. These statements can be identified by the fact that they do not relate strictly to historic or current facts. When used in this presentation the words “estimate,” “expect,” “intend,” “believe,” “plan,” “anticipate,” “projected,” and other words or the negative of these terms and similar expressions as they relate to the applicable company or its management identify forward-looking statements. Such statements reflect the current view of Vinco Ventures with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to Vinco Ventures and its subsidiaries and consolidated variable interest entities including Lomotif, their industry, financial condition, operations and results of operations. Such factors include, but are not limited to, the expected benefits from Vinco Ventures’ investments in Lomotif and related growth initiatives and strategies such as the blended media, cross-platform distribution strategy, the expected benefits of Lomotif’s participation in and sponsorship of live entertainment events, the expected benefits from acquisition of AdRizer and planned integration of the AdRizer technology with Lomotif and Honey Badger and synergies between AdRizer, Lomotif and Honey Badger, uncertainties as to the completion and timing of the spin-off of Cryptyde, the failure to satisfy any conditions to complete the spin-off as specified in the Form 10, the expected tax treatment of the spin-off and the impact of the spin-off on the businesses of Vinco Ventures and Cryptyde, the expected benefits for Vinco Ventures, its shareholders and Cryptyde from the recent injection of businesses and assets into Cryptyde and the spin-off, the regulatory risks with the NFT and blockchain business lines and such other risks and uncertainties described more fully in documents filed by Vinco Ventures and Cryptyde with or furnished to the Securities and Exchange Commission, including the risk factors discussed in Vinco Ventures’ Annual Report on Form 10-K for the period ended December 31, 2021 filed on April 15, 2022 and Cryptyde’s Amendment No. 4 to Form 10 filed on May 13, 2022, which are available at www.sec.gov. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
For further information, please contact:
Investor Contact
KCSA Strategic Communications
Allison Soss
VincoVentures@kcsa.com
Media Contact
Vinco Ventures, Inc.
Brian Hart
Media@vincoventures.com
FAQ
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