COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. For more information visit Investors.vincoventures.com. Strategy: Buy. We will seek to acquire significant brands to continue to add to the Portfolio. 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. 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. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. On May 25, Vinco Ventures released its first-quarter earnings report. BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid By clicking Sign up, you agree to receive marketing emails from Insider In addition, the. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. Vinco Ventures was the toptrending stock on Stocktwits at publication time. Forward-Looking Statements and Disclaimers. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. 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. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. Innovate. 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. ET Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. quotes delayed at least 15 minutes, all others at least 20 minutes. Until then, investors can follow the math that I described above. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. 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. Copyright Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. It has $100 million in cash (not including any prior cash). 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 ). For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. 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. 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. 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. 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. Grow.) strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. In addition, the company has done many warrant deals and issued many internal shares. 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 . The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. Edison Nation, Inc. announces the closing of a Merger 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. That entity creates and markets NFTs (non-fungible tokens). Once identified, we scale while maintaining conversions for success. Since BBIG stock has a. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! 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. Innovate. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. "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. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. 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. Vincos B.I.G. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. Cooley LLP represented Lomotif in the transaction. All rights reserved. 1 MarketScreener is worth more than 1000 Influencers! 25 Nov 2022. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. Vinco Ventures, Inc. (BBIG), a consumer products and digital marketing company which aims to advance both product and people brand recognition through our digital marketing and technology platform while reshaping how those are monetized and marketed. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. In response, we have adjusted our corporate guidance in the PPE space from fiscal year 2020 to include the initial two quarters of 2021 to allow sufficient time for delivery. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. Investors . 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. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. However, BBIG stock is languishing around $3.28. All rights reserved. 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. things in 2021. Vinco Ventures Issues Letter to Shareholders Highlighting Value Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There Plus500. 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. Now, BBIG stock also seems to be dependent on the closing of this merger. News / Events :: Vinco Ventures, Inc. (BBIG) 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 . Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. -, 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). Edison Nation : announces the closing of a Merger Agreement with Vinco Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. 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. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Innovate. Vinco Ventures, Inc. Announces 'Spin Out' of Emmersive Entertainment 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. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Nasdaq Then, on Jun. On May 25, Vinco Ventures released its first-quarter earnings report. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. 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. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. 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. 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. 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. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. 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). Strategy: Buy. Press Releases :: Vinco Ventures, Inc. (BBIG) Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. This is the proxy record date for when shareholders will need to own BBIG . The platform is fun and engaging and its features are unique and innovative. 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. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Forward-Looking Statements and Disclaimers. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? 25 2021, Published 11:47 a.m. To the extent any statements contained in this press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 and the information that are based upon beliefs of, and information currently available to, the companys management as well as estimates and assumptions made by the companys management. Vincos B.I.G. Innovate. This company is seen as a possible rival to TikTok. This press release contains forward-looking statements within the meaning of federal securities laws. Tier 1 brand acquisitions generate $20M+ in top line revenue. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. 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. 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. Grow. That would still represent 60.9% of its market cap. 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. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Business. 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. Not an offer or recommendation by Stocktwits. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. With a current follower network of over 350+ million, we are poised to revolutionize the next generation of video distribution," said Brian McFadden, Chief Strategy Officer of Zash. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Vincos B.I.G. (Buy. View the BBIG U.S. Securities and Exchange Commission reporting information. 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. Merger target ZASH is set to acquire TikTok rival Lomotif. 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. 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 . The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. 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. Subject to regulatory and exchange approvals. Additionally, as of Mar. 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.. Grow.) This was after the joint venture received the $2 million investment. Heres what you should know about Vinco Ventures and its stock moving forward. 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. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Grow.) All told, you can look to see BBIG stock move higher as the merger and spinoff close. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. The following additional data further shows the Lomotif platforms dominant, global user traction and reach that ZASH believes demonstrates massive untapped value and Lomotifs potential growth: Lomotif Founder and Chief Executive Officer, Paul Yang, will continue to lead Lomotif upon completion of the acquisition. Vinco Ventures skyrockets over 300% after inking merger deal with Zash Vinco Ventures, Inc. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media 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. quotes delayed at least 15 minutes, all others at least 20 minutes. About ZASH Global Media and Entertainment Corporation. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. Access your favorite topics in a personalized feed while you're on the go. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Vinco and ZASH intend to acquire Lomotif Private Limited (Lomotif) through their joint venture, ZVV Media Partners, LLC (the Joint Venture); 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. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration To the extent any statements contained in this press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 and the information that are based upon beliefs of, and information currently available to, the companys management as well as estimates and assumptions made by the companys management. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. All rights reserved. Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners' content. For more information, please view our investor presentation or visit Investors.vincoventures.com. 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. Finance, the cash represents 74.1% of its market value. 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. Feb 27, 2023 Copyright 2023 Surperformance. TIKTOK AND KUAISHOU RIVAL, LOMOTIF, SELLS TO ZASH :: Vinco Ventures The problem we have is it is difficult to calculate the exact number of shares outstanding right now. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. 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/). For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. Grow. 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. 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. The closing of the Lomotif acquisition is subject to certain customary conditions to . Forward-Looking Statements and Disclaimers.
University Of Mindanao Nursing Tuition Fee,
Rowdy Harrell Obituary,
Famous People Cryogenically Frozen,
Los Angeles Unified School District Salary Schedule,
Articles V
