But dont count on that until August sometime. 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. Cooley LLP represented Lomotif in the transaction. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. 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. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. 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. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surge higher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. BBIG stock was down 7.5% as of Tuesday morning. Grow.) Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. The closing of the Lomotif acquisition is subject to certain customary conditions to . Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. 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. Grow. That could help boost BBIG stock especially if it leads to a new cash raise. 500 Linden Oaks Suite 300 Rochester, NY 14625 This press release contains forward-looking statements within the meaning of federal securities laws. It subsequently raised $100 million in cash. 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. Through Lomotif, Vinco is poised to become one of the top global, pure-play video-sharing social networking platforms to be owned by a U.S. publicly traded company, competing with TikTok and. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media To make matters even more confusing, the company claims a third-party valuation puts the value of Lomotif at $5 billion. Finance, the cash represents 74.1% of its market value. 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 . Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners' content. Copyright Since BBIG stock has a. Nominated as a Board Member. Forward-Looking Statements and Disclaimers. This was after the joint venture received the $2 million investment. However, the total number of shares that will be outstanding then is not easily determined yet. 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. Note: The revenue guidance above does not include sales related to the Cloud B brand as currently those assets are being negotiated for sale and further the estimated revenue related to PPE supplies are anticipated to be recognized on a net revenue basis without including the costs of the shipped products. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. BBIG stock should benefit from the Lomotif news and other catalysts. For more information visit Investors.vincoventures.com. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. "The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs," said Vinco Chief Strategy Officer Brian McFadden. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. (Buy. The average session volume is about 18.5million. 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. It claims to have over 31 million monthly active users (MAUs). With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. 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. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Scotland business. What LoMo brings to the table in this regard is completely unknown. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. "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. 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. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. CCV is the first. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. BBIG Stock News: Vinco Ventures Inc tanks ahead of Cryptyde - FXStreet 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. 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. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. The . 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. ZASH And Vinco Ventures Reposition Management Teams Across All ZASH Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. That is about the same as its cash per share (after $10 million in deal expenses). It has $100 million in cash (not including any prior cash). Grow. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. In addition, the company has done many warrant deals and issued many internal shares. 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. The company emphasized that it planned on closing the merger with Zash Global Media. 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 ZASH or ZASHs management identify forward-looking statements. Plus, the company is still looking for a chief executive. Bethlehem, P.A., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media merger and acquisitions company, today announced results for the second quarter ended. 1125 N. Charles St, Baltimore, MD 21201. Lomotif is a TikTok rival based out of Singapore. Altogether, this deal will allow the company to cover its losses and expand its business. 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. 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 Until then, investors can follow the math that I described above. The platform is fun and engaging and its features are unique and innovative. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. Investors . Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. Adding to this is news today that ZASH plans to acquire a majority stake in. 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. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. 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. The following updates have been provided. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Grow.) All rights reserved. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. 1125 N. Charles St, Baltimore, MD 21201. Grow - More targeted traffic equals more conversions. By coupling these two principles together we scale quickly and profitably. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. Grow. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. 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 . 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 It was also on the press release for the merger closing. 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. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. 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. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. 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. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. I believe the majority of insider owners of Vinco Ventures probably know this point. All rights reserved. Once identified, we scale while maintaining conversions for success. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. Innovate. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. The company emphasized that it planned on closing the merger with Zash Global Media. 2023 InvestorPlace Media, LLC. Subject to regulatory and exchange approvals. 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. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. So if the stock rises to $4.00 and the warrants and convertibles are exchanged into shares, there would be 90.6325 million shares outstanding with a market value of $362.50 million. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. That may allow the company to raise additional capital and help fund its growth. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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. 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. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. 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. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. Since the company was co-founded by video enthusiast Paul Yang in 2014, Lomotif has been granted three technology patents uniquely focused on empowering creators to share and watch short videos with ease through remix and collaboration. 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: Buy. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. 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. 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. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. By clicking Sign up, you agree to receive marketing emails from Insider Vinco Ventures (BBIG) Is In Midst Of Experiencing Multiple Squeezes Innovate. Recently, on May 24, the company also raised an additional $5.74 million from an accredited investor through the exercise of existing warrants in BBIG stock. 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. 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.
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