Delisting Determination, The Nasdaq Stock Market, LLC, October 12, 2023,
Vinco Ventures, Inc.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove
from listing the securities of Vinco Ventures, Inc., effective at the
opening of the trading session on October 23, 2023.
Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rule 5250(c)(1). The Company was
notified of the Staff determination on February 14, 2023.
On February 16, 2023, the Company exercised its right to appeal
the Staff determination to the Listing Qualifications Hearings
Panel (Panel) pursuant to Rule 5815. The Company received an additional
delist determination letter for its failure to meet the requirement in
Listing Rules 5620(a) and 5810(c)(2)(G) on February 21, 2023. A Panel
hearing was held on March 30, 2023. On April 14, 2023, upon review of the
information provided by the Company, the Panel determined to
grant the Company request to remain listed in the Exchange subject to
a series of milestones. The Company received an additional delist
determination letters for its failure to meet the requirement in
Listing Rule 5250(c)(1) on April 18, May 18, and July 14, 2023.
Based on the Company failure to meet the terms of the exception,
on July 26, 2023, the Panel issued a final decision denying the Company
continued listing and notified the Company that trading
in the Company securities would be suspended on July 28, 2023.
The Company did not appeal the Panel decision to the Nasdaq Listing
and Hearing Review Council (Council) and the Council did not call
the matter for review. The Staff determination to delist the Company
became final on September 11, 2023.