Current Report Filing (8-k)
May 05 2022 - 5:34PM
Edgar (US Regulatory)
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2022-04-29
2022-04-29
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 29, 2022
VINCO
VENTURES, INC.
(Exact
name of registrant as specified in charter)
Nevada |
|
001-38448 |
|
82-2199200 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
6
North Main Street
Fairport,
New York |
|
14450 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(866)
900-0992
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.001 par value per share |
|
BBIG |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
1.01 Entry into a Material Definitive Agreement.
As
previously reported by Vinco Ventures, Inc. (the “Company”), (i) pursuant to that certain Securities Purchase Agreement (“July
SPA”) dated as of July 22, 2021 by and between the Company and an accredited institutional investor (the “Holder), the Company
sold to the Holder a Senior Secured Convertible Note in the aggregate principal amount of $120,000,000 (the “July Note”)
and (ii) on each of September 1, 2021, November 11, 2021 and December 20, 2021 the Company and the Holder entered into a Warrant Exercise
Agreement (respectively, the “September WEA,” the “November WEA,” the “December WEA” and, collectively,
the Warrant Exercise Agreements”) whereby pursuant to each Warrant Exercise Agreement the parties agreed for, among other things,
the Holder to exercise certain existing warrants and for the Company to issue new warrants to the Holder. On March 9, 2022, the Company,
Cryptyde, Inc. (“Cryptyde”) and the Holder entered into an Amendment Agreement (the “First Amendment Agreement”)
whereby the parties amended certain terms and provisions of the July Note and the Warrant Exercise Agreements.
On
April 29, 2022, the Company, Cryptyde and the Holder entered into a Second Amendment Agreement (the “Second Amendment Agreement”)
whereby the parties agreed to amend the First Amendment Agreement to replace the date of “April 30, 2022” in Section 7(m)
of the First Amendment Agreement to “May 6, 2022.”
The
Second Amendment Agreement includes representations, warranties and covenants, and conditions to closing, expense and reimbursement obligations
and termination provisions.
The
foregoing description of the terms of the Second Amendment Agreement and the transactions contemplated
thereby, does not purport to be complete and is qualified in its entirety by reference to the Amendment Agreement, which is filed as
Exhibit 10.1 hereto and is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date:
May 5, 2022
|
VINCO
VENTURES, INC. |
|
|
|
|
By: |
/s/
Lisa King |
|
Name: |
Lisa
King |
|
Title: |
Chief
Executive Officer |
Vinco Ventures (NASDAQ:BBIG)
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