Vinco Ventures to effect 1-for-20 reverse stock split to maintain Nasdaq listing

Vinco Ventures, Inc.

Reverse split approved by board and shareholders on April 27, 2023; effective at market open May 11, 2023.
Outstanding shares reduced from ~260M to ~13M; CUSIP changes to 927330209; symbol remains BBIG.
Purpose is to increase per-share price to meet Nasdaq's $1.00 minimum bid price requirement.
Fractional shares rounded up; proportional adjustments to options and warrants.
CEO James Robertson states the split supports Nasdaq compliance and refocusing efforts.

item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Vinco Ventures, Inc.: 1-for-20 reverse split of common stock (effective 2023-05-04).

Change: charter amendment
Effective: 2023-05-04

Exact text from the filing

On May 4, 2023, pursuant to shareholder approval received on April 27, 2023, Vinco Ventures, Inc. (the “Company”) filed a certificate of change with the Secretary of State of the State of Nevada to effect a 1-for-20 reverse split of its issued and outstanding shares of common stock.

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Source: SEC EDGAR

accession 0001493152-23-016193

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