Current Report Filing (8-k)
May 12 2022 - 4:45PM
Edgar (US Regulatory)
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2022-05-06
2022-05-06
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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): May 6, 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 240.13©(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 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.”
On
May 6, 2022, the Company and the Holder entered into a Third Amendment Agreement (the “Third Amendment Agreement”) whereby
the parties agreed to amend the Second Amendment Agreement to replace the date of “May 6, 2022” in Section 7(m) of the First
Amendment Agreement to “May 11, 2022.”
The
Third 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 Third Amendment Agreement and the transactions contemplated
thereby, does not purport to be complete and is qualified in its entirety by reference to the Third Amendment Agreement, which is filed
as Exhibit 10.4 hereto and is incorporated herein by reference.
Item 8.01 Other Events.
As previously reported
by the Company in its Current Report on Form 8-K filed with the Securities and Exchange Commission on January 26, 2022, on such date
Cryptyde, Inc. (“Cryptyde”), a wholly-owned subsidiary of the Company, entered into a Securities Purchase Agreement (the
“Note Securities Purchase Agreement”) with an accredited investor (the “Note Investor”) for the issuance and
sale of a Senior Convertible Note with an initial principal amount of $33,333,333 at a conversion price of $10.00 per share of Cryptyde’s
common stock, par value $0.001 (the “Cryptyde Common Stock”) and a warrant (the “Warrant”) to purchase up to
3,333,333 shares of Common Stock with an initial exercise price of $10.00 per share of Cryptyde Common Stock (the “Note Private
Placement”).
Cryptyde and the Note
Investor closed on the transactions contemplated by the Note Securities Purchase Agreement last week. At the closing, the Cryptyde issued
to the Note Investor the Warrant to purchase up to 3,333,333 shares of Cryptyde Common Stock with an exercise price of $10.00 per share.
The foregoing provides only brief descriptions
of the material terms of the Note Securities Purchase Agreement, the Convertible Note and the Warrant, does not purport to be a complete
description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference
to the full text of the forms of the Note Securities Purchase Agreement, the Convertible Note and the Warrant filed as exhibits to this
Current Report on Form 8-K, and 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 12, 2022
|
VINCO
VENTURES, INC. |
|
|
|
|
By: |
/s/
Lisa King |
|
Name: |
Lisa
King |
|
Title: |
Chief
Executive Officer |
Vinco Ventures (NASDAQ:BBIG)
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