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Forward-looking statements include, among others, statements concerning or implying future financial performance, anticipated product performance and functionality of ZASHs products or products incorporating ZASHs products, and industry trends and growth opportunities affecting ZASH. Buy - Acquisitions is our model. 2023 InvestorPlace Media, LLC. In addition, the Company entered into transactions with Honey Badger Media, LLC whereby in return for the payment of the consideration as set forth below, the Company receives the following: In todays marketplace for consumer product companies, the digital shelf dominates as the core channel for brand growth and sustainability. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. 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 . That could leave the stock significantly undervalued. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. A copy of the letter also appears on the Company's website and is disclosed . I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. On May 25, Vinco Ventures released its first-quarter earnings report. Vinco Ventures Stock (NASDAQ:BBIG), Quotes and News Summary swriters disclose this fact and warn readers of the risks. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. As an attorney specializing in sports law, Jim handles all aspects of his clients legal needs, such as immigration, litigation, and matters involving both NFL and MLB Collective Bargaining Agreements. To make matters even more confusing, the company claims a third-party valuation puts the value of Lomotif at $5 billion. Terms of Use. Vinco Ventures Issues Letter to Shareholders Highlighting Value Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. Stay informed and receive company updates straight to your inbox. That is about the same as its cash per share (after $10 million in deal expenses). They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. We have also included a link to the new investor presentation for your review and consideration. Innovate. By significantly improving both the traffic volume and the conversion metrics, the brands will more easily scale and innovate around the products that are most successful. 2023 InvestorPlace Media, LLC. Back in January, it announced a reverse merger with a private media company called Zash Global Media. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. Plus, the company is still looking for a chief executive. But once the stock rises over $4.00, most of its warrants can be exercised by the owners and the company will receive additional cash. Lomotif is a TikTok rival based out of Singapore. By clicking Sign up, you agree to receive marketing emails from Insider The deal will close in Q3 of this year, but the record date is not yet set. Since BBIG stock has a. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. Cooley LLP represented Lomotif in the transaction. 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. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. The parties have completed an Amended and Restated Limited Liability Company Agreement for the Joint Venture in preparation for the anticipated acquisition of Lomotif through the Joint Venture; Gemini Valuation Services will complete and present to Vinco an independent third-party valuation on ZASH on or before June 11, 2021; The parties intend to sign a final Agreement and Plan of Merger and Reorganization on or before June 24, 2021; and. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. BETHLEHEM, Pa., Oct. 20, 2021 /PRNewswire/ -- Vinco Ventures (NASDAQ: BBIG) / - Vinco Ventures and ZASH update: One of the first courses of action of the new Vinco Venture board is to change the . BBIG Stock News: Vinco Ventures Inc tanks ahead of Cryptyde - FXStreet Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Lomotif is the leading video-sharing social networking platform that is democratizing video creation. "We utilize data, metadata, and the IoT [Internet of Things] to meet the ever-changing engagement and content demands of content developers, consumers, and creators," said Vince Butta, ZASH co-founder. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. Forward-Looking Statements and Disclaimers. Subject to regulatory and exchange approvals. These forward-looking statements include statements regarding the potential business synergies resulting from ZASHs acquisition of Lomotif and ZASHs proposed merger with Vinco, the potential market for ZASHs and Lomotifs product offerings, customer adoption and use of the Lomotif platform, and the ability of ZASH to monetize product offerings, including the Lomotif platform. Nominated as a Board Member. So it is very difficult to determine the total dilutive number of shares outstanding. 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). Edison Nation, Inc. announces the closing of a Merger That could help boost BBIG stock especially if it leads to a new cash raise. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? Innovate. That may allow the company to raise additional capital and help fund its growth. Investment bank BTIG represented ZASH on the buy side of the transaction. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. Vinco Ventures, Inc. It was also on the press release for the merger closing. Innovate. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. 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. 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. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. Mergers and acquisitions - BBC News 25 Nov 2022. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. What is up with this? Business. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. Vinco Ventures was the toptrending stock on Stocktwits at publication time. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Vincos B.I.G. Another problem is that there is no disclosure of this third-party valuation. Strategy: Buy. Access your favorite topics in a personalized feed while you're on the go. Merger target ZASH is set to acquire TikTok rival Lomotif. 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. The Vinco target brand acquisitions will be segmented into 3 Tiers: INNOVATE: The core brands for Vinco will leverage the digital traffic platforms of Pop Nation and Honey Badger. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. Source: Postmodern Studio / Shutterstock.com, 5 Hypergrowth Stocks With 10X Potential in 2023, need to know about the company and its upcoming merger plans, 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, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting, Stock Market Crash Alert: Mark Your Calendars for May 3, QS Stock Alert: QuantumScape Shares New Details on Commercial Timeline. This press release contains forward-looking statements within the meaning of federal securities laws. While we still remain confident in our confirmed demand and ability to supply the products required, we have taken a different approach moving forward due to the uncertainty of timing of production and transportation which has caused the additional time added to our initial guidance. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. Grow.) 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. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Strategy: Buy. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. The media and entertainment team led by Tom K. Ara and including Patrick Anding at law firm DLA Piper LLP negotiated and advised ZASH on the Lomotif deal and are also advising ZASH in its merger with Vinco. Such statements and the other forward-looking statements in this press release reflect the current view of ZASH with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to ZASH and Lomotifs industries, operations and results of operations and any businesses that may be acquired by ZASH. I believe the majority of insider owners of Vinco Ventures probably know this point. All rights reserved. ZASH is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. The company emphasized that it planned on closing the merger with Zash Global Media. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. CCV is the first. 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,. In addition, the. Vincos B.I.G. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. Stay up to speed with hot stocks' news! Innovate. the parties intend to issue a formal proxy to the Vinco shareholders for the approval of the ZASH merger with Vinco on or before July 15, 2021. View the BBIG U.S. Securities and Exchange Commission reporting information. The . Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Heres what you should know about Vinco Ventures and its stock moving forward. ZASH. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. 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,. However, the total number of shares that will be outstanding then is not easily determined yet. BBIG | Vinco Ventures Inc. SEC Filings | MarketWatch See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. Forward-Looking Statements and Disclaimers. SYRACUSE, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (Nasdaq Capital Market: BBIG), a technology company specializing in converting content to digital and social platforms . It subsequently raised $100 million in cash. What LoMo brings to the table in this regard is completely unknown. 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. We will seek to acquire significant brands to continue to add to the Portfolio. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Vinco Ventures: Social Networking Powerhouse In The Making BBIG Vinco Ventures Inc 70,736 Watch $0.1832 $0.0164 (9.83%) Today $0.18 0.0021 (1.15%) After Hours Market Cap $45.61M Volume (M) 6.81M 52-Wk High $2.35 52-Wk Low $0.15 About Feed The market does not want to provide a huge valuation to a company that may be burning through $100 million a month or a quarter. 5 Hypergrowth Stocks With 10X Potential in 2023, convertible note that can convert into 30 million shares at $4.00, 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.