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Palladium Capital Group Sole Placement Agent for a $10,000,000 Private Placement for Vinco Ventures Inc. (NASDAQ:BBIG)

Feb. 23, 2021:

NEW YORK, NY – On February 23, 2021, Palladium Capital Group, LLC, acted as sole placement agent for Vinco Ventures Inc., facilitating the following transaction.

On February 23, 2021 (the “Effective Date”), Vinco Ventures, Inc. (the “Company”) consummated the closing of a private placement offering (the “Offering”) whereby pursuant to the Securities Purchase Agreement (the “Purchase Agreement”) entered into by the Company on February 18, 2021 with one accredited investor (the “Investor”), the Company issued a Senior Convertible Note for the purchase price of $10,000,000 (the “Note”) and five (5) year warrants (the “Warrant”) to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”).

For more details, see the company’s full 8-K filing here.