Vinco Ventures (BBIG) Gets Into Nasdaq: The Story Behind
Vinco Ventures, Inc. is in the business of creating and commercializing finished consumer goods in North America. It provides housewares, kitchenware, small appliances, toys, pet care, baby items, health and beauty aids, entertainment venues, and mass-market merchandise. Additionally, it provides personal protective equipment to governmental agencies, hospitals, and distributors. The Company also provides the Lomotif app, which gives customers the ability to make their own music videos; Cortex, a real-time analytics tool for optimizing marketing spending and revenue; and ad-campaign design, optimization, and monetization at scale. In addition to this, it offers digital marketing services to businesses and influencers, as well as a platform for artists and content owners to disseminate their intellectual property (Non-Fungible Token) and their work (Content Distribution Platform). Edison Nation, Inc. was the previous name of the business before it was rebranded as Vinco Ventures, Inc. in November 2020. Vinco Ventures, Inc. was established in 2017 and currently operates out of its headquarters in Fairport, New York.
Acceptance to get into Nasdaq
A holding company for digital media and content technologies announced that The Nasdaq Stock Market LLC (referred to as “Nasdaq”) had accepted the Company’s remediation plan (referred to as the “Plan”) in order to regain compliance with Rule 5250(c)(1), to ensure that the Securities and Exchange Commission receives all required periodic reports in a timely manner, and more which was submitted on October 17, 2022. It is now up to the Company to conform by January 31, 2023.
“The Vinco leadership team is working around the clock to be back in compliance with the Nasdaq Exchange as quickly as they possibly can. According to Ross Miller, the Chief Executive Officer of Vinco, “the prompt acceptance by Nasdaq of our remedial plan submitted on October 17 is essential to our development as we methodically work through Vinco’s financials and quarterly filing.” There is enough time to reach the deadlines outlined in our remediation plan, and I could not be more satisfied with the team established at Vinco to work on the next step in the process. Brendan Bosack, our seasoned interim Chief Financial Officer, is included in this category. Brendan offers more than 20 years of experience in financial reporting and leadership to Vinco. As we progress toward our goals, I look forward to providing our shareholders and the investment community with current information.
Will BBIG stock go back up?
Rain has now fallen for seven consecutive days in a row in this area. The price of one share of the Company’s stock rose by 11.74% throughout the course of the previous trading day, with the price ranging from a low of $0.705 to a high of $0.788…
As of Thursday, November 10, 2022, the Anticipated Opening Price for Vinco Ventures Inc.
Price equivalent to the opening bid on November 10, 2022, Current price $0.733 $0.705 Price equivalent to the opening bid on November 10, 2022 (Undervalued)
Vinco Ventures is a member of the Russell 3000 Index and operates as a publicly traded corporation.
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