Nasdaq staff determination.
Syracuse, NY, Feb. 27, 2023 (GLOBE NEWSWIRE) — Vinco Ventures, Inc. (Nasdaq:BBIG) (“Vinco Ventures,” “Vinco,” or the “Company”), a digital media and content technologies company, announced receipt of a staff determination on February 21, 2023. On January 4, 2023, Staff notified the Company that since it had not held an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year end, it no longer complied with our Listing Rules (the “Rules”) for continued listing. In that regard, the Company was required to submit its plan by February 20, 2023, which was timely submitted. However, pursuant to Listing Rule 5810(c)(2)(A), this deficiency serves as additional and separate basis for delisting. The letter is formal notification that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Capital Market.