vinco ventures merger news

Investment bank BTIG represented ZASH on the buy side of the transaction. The company is also highly leveraged, holding over $8 million in debt on their books. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Strategy: Buy. As an emerging player in user generated video creation, we are excited to be part of ZASHs overall content and distribution plans and strategies and are looking forward to accelerating growth and adoption of Lomotif worldwide., Lomotif is the key piece of the ZASH strategy to merge the best-in-class media, entertainment and content-focused technology companies globally, said Ted Farnsworth. It is a short-form video platform, similar to TikTok. Bethlehem, PA, May 28, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing the B.I.G. ZASH will focus Lomotif on an advertising model going forward, as well as other means of monetization over the next several months., Lomotif is a global platform with tremendous following in Asia and Latin America and together with ZASH, it will replicate that success in the US and other markets, said Jaeson Ma. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. It claims to have over 31 million monthly active users (MAUs). However, BBIG stock is languishing around $3.28. The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. Such statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the companys industry, its operations and results of operations and any businesses that may be acquired by the company. All rights reserved. Forward-Looking Statements and Disclaimers. 1125 N. Charles St, Baltimore, MD 21201. This is the proxy record date for when shareholders will need to own BBIG . Vincos B.I.G. The average session volume is about 18.5million. It was also on the press release for the merger closing. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. All rights reserved. A copy of the letter also appears on the Companys website and is disclosed in the Companys Current Report on Form 8-K filed with the SEC on November 12, 2020. Bethlehem, PA and Singapore, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG)ZASH Global Media and Entertainment Corporation (ZASH), the entertainment industry disrupter led by co-founders Ted Farnsworth, financier and former MoviePass Chairman, early Musical.ly (now TikTok) investor Jaeson Ma, and early Triller visionary and board member, Vincent Butta, has entered into a definitive agreement to acquire a majority controlling interest in Lomotif Private Limited (Lomotif), the Singapore-based top video-sharing social networking platform and budding rival to TikTok, and Kuaishou (1024.HK on the Hong Kong Stock Exchange). Grow. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. I believe the majority of insider owners of Vinco Ventures probably know this point. Strategy of one acquisition per Quarter: $17M. On May 25, Vinco Ventures released its first-quarter earnings report. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. BBIG stock should benefit from the Lomotif news and other catalysts. Until then, investors can follow the math that I described above. Scotland business. 25 2021, Published 11:47 a.m. BBIG Stock Alert: Vinco Ventures Misses KEY Nasdaq Deadline, BBIG Stock Alert: Vinco Ventures Assigns New CEO, Short Interest Sector Focus: Consumer Cyclical Sector, VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO, Vinco Ventures bounces off its low after CEO announcement while traders eye court case, Registration on or use of this site constitutes acceptance of our. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. -, Vinco Ventures, Inc. : Other Events (form 8-K), Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy, Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (form 8-K). Bethlehem, P.A., May 25, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media merger and acquisitions company, today announced results for the three months ended March 31 . Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Plus, the company is still looking for a chief executive. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Acquisitions are our model. That is about the same as its cash per share (after $10 million in deal expenses). 2023 InvestorPlace Media, LLC. A copy of the letter also appears on the Company's website and is disclosed . Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. In todays world of mass consumption of short-form content, we see Lomotifs addition to the ZASH family as an incredible opportunity to leverage our content in all formats and broaden our distribution platform worldwide.. 1 Nov 2022. CCV portfolio Lomotif has been acquired by ZVV Media, a joint venture of ZASH Global Media and Entertainment Corporation ("ZASH"), and Vinco Ventures (NASDAQ: BBIG ). It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. However, the total number of shares that will be outstanding then is not easily determined yet. That could help boost BBIG stock especially if it leads to a new cash raise. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) economic conditions, competition and other risks that may affect the Companys future performance, including the impacts of the COVID-19 pandemic on the Companys business, markets, supply chain, customers and workforce, on the credit and financial markets, on the alignment of expenses and revenues and on the global economy generally; (ii) the ability to recognize the anticipated benefits of the Companys acquisitions, including its ability to successfully integrate and make necessary capital investments to support additional acquisitions, and the Companys ability to take advantage of strategic opportunities; (iii) changes in applicable laws or regulations; (iv) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (v) other risks and uncertainties. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. quotes delayed at least 15 minutes, all others at least 20 minutes. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. In addition, the. Moreover, Farnsworth and his partner Ma control Lomotif. That is why they did a reverse merger with BBIG stock. For example, in Q1 Vincos cash flow from operations was a loss of $4.14 million, according to Page 8 of its latest 10-Q filing. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. Lomotif, available in the Apple and Google stores, is a breakthrough downloadable app for hip hop, rap, and urban culture across the United States and Latin America. We have also included a link to the new investor presentation for your review and consideration. Bethlehem, PA, May 28, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing the B.I.G. We look forward to a new beginning and B.I.G. Strategy: Buy. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. See disclosure here. (Buy. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. The Vinco brands receive a competitive advantage by having access to the digital traffic engine that has produced the following results: GROW: Growth is fueled through acquisition and innovation. A. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy, VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO, Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders, VINCO VENTURES SEES MORE THAN 30% INCREASE IN DAILY REVENUE FROM BETA TEST OF NEW AND EXCLUSIVE USER-GENERATED CONTENT PLATFORM, UPDATE ON FILING OF QUARTERLY REPORTS ON FORM 10-Q FOR THE QUARTERS ENDED JUNE 30, 2022 AND SEPTEMBER 30 2022, VVIP VENTURES ANNOUNCES MULTI-YEAR SYNDICATION AGREEMENT WITH A360 MEDIA. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. The following updates have been provided. But there isnt enough financial clarity to properly value BBIG stock. Bethlehem, PA, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Chris Ferguson, Chief Executive Officer of Vinco Ventures, Inc. (NASDAQ: BBIG), today issued a letter to the Company's shareholders commenting on the Company's recent merger agreement, name change, strategic path forward, 2021 outlook and key PPE related developments. Innovate Leverage the internal traffic platforms of Honey Badger and Social Pulse Media, our brands are able to quickly innovate and determine the highest conversion traffic and target accordingly. It subsequently raised $100 million in cash. Subject to regulatory and exchange approvals. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Nasdaq I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Announces Executive Changes, Vinco Ventures, Inc. Appoints James Robertson as Chief Executive Officer, Vinco Ventures, Inc. Appoints Chris Polimeni as CFO, Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders, Chairman, President & Chief Executive Officer, The registered traffic domains related to Honey Badger Media in exchange for the payment of three hundred thousand dollars (. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Vinco Ventures (BBIG) has been one of the most explosive stocks over the last 3 weeks, rising from about $2 to over $12 at its recent high. That may allow the company to raise additional capital and help fund its growth. It has $100 million in cash (not including any prior cash). Innovate. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Worlds Top Steelmaker Signs Deal for Saudi Arabian Steel Plant, Asia Stocks Fall as Traders Pare Risk Ahead of Fed: Markets Wrap, Japanese shares retreat on banking jitters ahead of Golden Week break, Impasse remains over Russian grain, fertilizer exports - Russia, Stocks on edge as traders wait on central bankers. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Jun 24, 2021, 08:30 ET. The deal will close in Q3 of this year, but the record date is not yet set. Grow. (Buy. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. 1125 N. Charles St, Baltimore, MD 21201. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. In addition, on Jun. Dennis Dembia / R&CPMKDennis.dembia@rogersandcowanpmk.com+1 310 854 8114, Jason Magner / R&CPMKJason.magner@rogersandcowanpmk.com+1 310 854 8128, https://investors.vincoventures.com/press-releases/detail/78/musical-ly-tiktok-triller-and-moviepass-innovators-unite, https://sec.report/Document/0001493152-21-001470/, 740+ million video super-clips created to date, 225+ million installations globally (in 200+ countries in 300+ languages), 160+ million total lifetime viewers (iOS/Android), 300+ million videos watched on the platform per month, 90+ minutes of engagement on average with core users. Edison Nation, Inc. (the Company) is pleased to announce the closing of a Merger Agreement (the Agreement) with Vinco Ventures, Inc. and its wholly owned subsidiary, Honey Badger Media, LLC (collectively referred to as Vinco). This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. Lomotif, a video and social platform similar to TikTok, lets users share short music videos. It has become increasingly popular in Asia, Europe and South America, apparently growing by over 350 million videos per month. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. On May 25, Vinco Ventures released its first-quarter earnings report. ZASH Global Media and Entertainment Corporation is an evolving network of synergetic companies working together to disrupt the media and entertainment industry as we know it today. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. While we were initially excited regarding the confirmed orders that we received, we have realized that the supply side of the industry is unable to keep up with the current global demand. Exclusive and perpetual license agreement for the use of the Honey Badger Media portal and its process for branding and content development of media properties in exchange for 750,000 shares of restricted common stock of the company. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. 31, it has. Ms. Argallstarted her career in social media monetization by building blogs for celebrities,having grown her network on Facebook to over 150 million fans with clients from Adalia Rose, BamMargeraand Joy of Mom. Vincos B.I.G. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger Bethlehem, PA, May 28, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing the B.I.G. Copyright 2023 Surperformance. The co-founders of ZASH behind this deal are former. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. That would still represent 60.9% of its market cap. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. as well as other partner offers and accept our, GOLDMAN SACHS: These 22 stocks still haven't recovered to pre-pandemic levels - and are set to explode amid higher earnings in 2021 as the economy recovers, We spoke to Winklevoss-backed crypto platform Gemini about bitcoin, how to use stable coins, and why regulation won't kill the boom in digital currencies, Registration on or use of this site constitutes acceptance of our. These statements can be identified by the fact that they do not relate strictly to historic or current facts. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. Nasdaq Innovate. This was after the joint venture received the $2 million investment. Companies that understand this and announce where things stand tend to trade closer to their underlying value. 5 Hypergrowth Stocks With 10X Potential in 2023, ever-changing engagement and content demands, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, 3 Stocks to Buy Before They Become the Next Trillion-Dollar Companies, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting, 7 High-Yield Dividend Stocks to Buy and Hold Forever, Stock Market Crash Alert: Mark Your Calendars for May 3. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. 20 Million unique Sessions of unpaid traffic in one day to a directed page, 150 Million Unique visitors to owned/controlled domains a month, Generated traffic for brands ranging from travel, CBD, Credit Repair, skin cream, mens health, wrinkle cream, diet, muscle building. Subject to regulatory and exchange approvals. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Forward-Looking Statements and Disclaimers. But dont count on that until August sometime. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. Terms of Use. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. The closing of the Lomotif acquisition by ZASH is scheduled to occur concurrently with the closing of ZASH's merger and business combination with Vinco Ventures, Inc. (" Vinco "), which was previously announced in a joint press release in January 2021. Another problem is that there is no disclosure of this third-party valuation. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. Ted Farnsworth, the chairman and co-founder of ZASH Global Media and Entertainment, which merged with Vinco Ventures, said this to Benzinga on July 26. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. Grow.) The closing of the Lomotif acquisition by ZASH is scheduled to occur concurrently with the closing of ZASHs merger and business combination with Vinco Ventures, Inc. (Vinco), which was previously announced in a joint press release in January 2021. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. It subsequently raised $100 million in cash. Grow.) 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. All rights reserved. 2023 InvestorPlace Media, LLC. Aug. 30, 2021, 09:01 AM. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Plus500. ", Read more:We spoke to Winklevoss-backed crypto platform Gemini about bitcoin, how to use stable coins, and why regulation won't kill the boom in digital currencies. Except as required by applicable law, including the security laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. Grow. Historically over 10 billion atomic clips (User Generated Content (UGC)) have been used to create more than 740+ million videos on the platform since its launch. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Grow.) This is because when a reverse merger closes, along with a capital raise and potentially dilutive warrant issues, investors get confused about where the value of the stock is at present. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. Forward-Looking Statements and Disclaimers. Vinco Ventures was the toptrending stock on Stocktwits at publication time. James Ulrich, Esq. 911 Help Now Brand: $7.1M, HMNRTH/Wellness Brand $3.8M, Purple Mountain/Global Clean Brand: $8.2M, 4Keeps Roses Brand: $1.6M, Royalty Streams: $1.1M, Total Current Brand Sales: $21.8, Current Media/Technology and B to B Sales, 911 Help Now License: $2.8M, Honey Badger Media $6.4M, Business to business sales and services: $7.1M, Total Media/Technology and B to B Sales: $16.3M, Target for Additional Sales for 2021 via B.I.G. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. According to Media Play News, the merger is designed to make a new virtual Hollywood. The company will utilize data, metadata and the Internet of Things (IoT) to meet the ever-changing engagement and content demands of content developers, consumers and creators. So far, its not clear what their plans and product are.

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