Vinco Ventures Announces Receipt of Deficiency Notice from Nasdaq Regarding Failure to Comply with Requirement to Timely File Quarterly Report on Form 10-Q
28 Noviembre 2022 - 7:30AM
On November 17, 2022, Vinco Ventures, Inc. (the “Company”) received
a notice (the “Notice”) from the Listing Qualifications Department
of The Nasdaq Stock Market, LLC (“Nasdaq”) advising the Company
that it was not in compliance with Nasdaq’s continued listing
requirements under the Nasdaq Listing Rule 5250(c)(1) (the “Rule”)
as a result of the Company’s failure to file its Quarterly Report
on Form 10-Q for the quarter ended September 30, 2022 (the “Form
10-Q”) with the United States Securities and Exchange Commission
(the “SEC”) in a timely manner, which deadline was November 14,
2022. The Rule requires listed companies to timely file all
required periodic reports with the SEC.
As a result of a delinquency notice received
with respect to the Company’s as yet filed 10-Q for the quarter
ended June 30, 2022, the Company has submitted a plan of compliance
to file both delinquent 10-Qs no later than January 30, 2023. The
Company will submit an update to this plan of compliance to Nasdaq
no later than December 19, 2022 confirming the above referenced
timetable.
About Vinco Ventures
Vinco Ventures 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 80% ownership interest in Lomotif Private
Limited. Vinco Ventures owns a 100% ownership interest in AdRizer,
LLC.For more information, please
visit investors.vincoventures.com.
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 and such other risks and uncertainties described more fully
in documents filed by Vinco Ventures 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, 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 the Company
at: investors@vincoventures.com
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