Vinco Ventures, Inc. Announces Reverse Split
As per the results of the Company's annual meeting, the Board of Directors approved a 1-for-20 reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share.
- As per the results of the Company's annual meeting, the Board of Directors approved a 1-for-20 reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share.
- Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, and will not be required to take any action in connection with the reverse stock split.
- Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder.
- The reverse stock split impacts all holders of Vinco's common stock proportionally and will not impact any shareholders' percentage ownership of common stock (except as to rounding up changes).