vinco ventures merger news vinco ventures merger news

Strategy: Buy. 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. 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.. 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. Nominated as a Board Member. The company emphasized that it planned on closing the merger with Zash Global Media. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. All rights reserved. Forward-Looking Statements and Disclaimers. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Additionally, as of Mar. 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. 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. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! 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. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. quotes delayed at least 15 minutes, all others at least 20 minutes. Moreover, Farnsworth and his partner Ma control Lomotif. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. Strategy: Buy. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. Lomotif is a TikTok rival based out of Singapore. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. Grow. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Copyright 2023 Surperformance. Thank you for time and support as a shareholder in Vinco. Grow. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Vinco Ventures (NASDAQ:BBIG) is gearing up for a merger that will set it up as a rival to TikTok and shares of BBIG stock are dipping lower on Tuesday. It claims to have over 31 million monthly active users (MAUs). investors@vincoventures.com, Vinco Ventures, Inc., Investor Relations T: +1-866-900-0992 investors@vincoventures.com, Nevada Agency and Transfer Company Tiffany Baxter 50 W. Liberty Street Suite 880 Reno, NV 89501 T: +1-775-322-0626. swriters disclose this fact and warn readers of the risks. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Read more: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. Innovate. Stay up to speed with hot stocks' news! All rights reserved. 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. ZASH believes that Lomotif is one of the fastest growing video-sharing social networking platforms in its category over the last three years and in Asia, Europe and South America, Lomotif has increased its average monthly community by over 400 percent in this time span. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. 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. Heres everything potential investors need to know about the company and its upcoming merger plans. 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. 31, it has. So it is very difficult to determine the total dilutive number of shares outstanding. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. These statements can be identified by the fact that they do not relate strictly to historic or current facts. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. Apr 20, 2023 Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders Apr 17, 2023 VINCO VENTURES SEES MORE THAN 30% INCREASE IN DAILY REVENUE FROM BETA TEST OF NEW AND EXCLUSIVE USER-GENERATED CONTENT PLATFORM Mar 13, 2023 Ban of TikTok in United States Mar 2, 2023 Nasdaq staff determination. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. We look forward to a new beginning and B.I.G. Additionally, as of Mar. 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. News / Events :: Vinco Ventures, Inc. (BBIG) News / Events Recent News View All News Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy April 25, 2023 Nasdaq staff determination. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Vincos B.I.G. It subsequently raised $100 million in cash. 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. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. T: 866-900-0992 Scotland business. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. BUY: Vinco will seek to acquire one significant brand per quarter commencing with the acquisition of Honey Badger Media, the media technology platform acquisition announced today. 1 Nov 2022. Grow.) Innovate. What LoMo brings to the table in this regard is completely unknown. 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,. This press release contains forward-looking statements within the meaning of federal securities laws. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. 9 Dec 2022. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 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. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. 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. 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. That entity creates and markets NFTs (non-fungible tokens). Feb 27, 2023 Vinco Ventures Inc. SEC filings breakout by MarketWatch. The closing of the Lomotif acquisition is subject to certain customary conditions to . When used in this presentation the words estimate, expect, intend, believe, plan, anticipate, projected and other words or the negative of these terms and similar expressions as they relate to the company or the companys management identify forward-looking statements. 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 . Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts 1125 N. Charles St, Baltimore, MD 21201. 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. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. 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. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. 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. See disclosure here. By coupling these two principles together we scale quickly and profitably. The . Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. -, 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). Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. 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. Grow. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. Another problem is that there is no disclosure of this third-party valuation. Vincos B.I.G. On May 25, Vinco Ventures released its first-quarter earnings report. ZASH. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. The stock was up57.20% at $8.32 at publication time. (Buy. Vincos B.I.G. 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 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,. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. 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. Market Data powered by QuoteMedia. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. Until then, investors can follow the math that I described above. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. Trading volume for Vinco Ventures exploded after the deal to a record 59.9 million shares, compared with an average volume over the past 30 days of just 214,000 shares. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. 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. BBIG remains one of the most shorted stocks in the. What is up with this? The average session volume is about 18.5million. That would still represent 60.9% of its market cap. FAIRPORT, NY., Nov. 08, 2021 (GLOBE NEWSWIRE) -- November 8, 2021, Vinco Ventures, Inc. (NASDAQ: BBIG) ("Vinco") today announced the filing of a Form 10 registration statement with the. BBIG stock was down 7.5% as of Tuesday morning. Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. 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 trades at around $6.40 per share, giving the company a market cap of some $92 million. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. Investor Relations :: Vinco Ventures, Inc. (BBIG) Latest News VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO Apr 20, 2023 View All News Upcoming Events Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT View All Events Latest Financial Results Q3 2022 Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. 25 Nov 2022. But dont count on that until August sometime. According to the company's most recent SEC filings, Vinco lost $0.30 per share in the third quarter of 2020 on revenues of just $4.2 million. Nasdaq The number ranges from 0 to 100, with higher numbers indicating . The co-founders of ZASH behind this deal are former. 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 ). Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Innovate. Aug. 30, 2021, 09:01 AM. Tier 1 brand acquisitions generate $20M+ in top line revenue. The deal will close in Q3 of this year, but the record date is not yet set. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. Innovate. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. We look forward to expanding the platform in the US market and around the rest of the world., Having had experience building another video-sharing social networking platform, it became quickly apparent that Lomotifs patented technology for mixing and video editing is second to none. said Vince Butta. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. 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 (. This is the proxy record date for when shareholders will need to own BBIG . Buy - Acquisitions is our model. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. Grow - More targeted traffic equals more conversions. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid the Merger News, Starting off, Vinco Ventures is a mergers and acquisition company focused on digital commerce and consumer brands., The company announced earlier this year that it plans to merge with. For more information about ZASHs proposed merger with Vinco, please see the press release (https://investors.vincoventures.com/press-releases/detail/78/musical-ly-tiktok-triller-and-moviepass-innovators-unite) and Vincos 8-K filed on January 19, 2021 (https://sec.report/Document/0001493152-21-001470/). However, BBIG stock is languishing around $3.28. Finance, the cash represents 74.1% of its market value. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Grow.) Lomotif is the leading video-sharing social networking platform that is democratizing video creation. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad.