The company emphasized that it planned on closing the merger with Zash Global Media. Investment bank BTIG represented ZASH on the buy side of the transaction. Cooley LLP represented Lomotif in the transaction. Certain statements in this announcement are forward-looking statements which are based on the Companys expectations, intentions and projections regarding the Companys future performance, anticipated events or trends and other matters that are not historical facts, including expectations regarding: (i) the Companys long-term targets, goals and strategies; (ii) the expected benefits of the Companys focus on digital monetization; (iii) the future impact of the preemptive actions the Company took in response to the COVID-19 pandemic coupled with its cash flow generation and balance sheet and liquidity profile; (iv) the Companys strategies for each of its segments, including its focus on recurring revenue, its balance sheet and variable cost structure, and the opportunities in the industries the Company serves; (v) the Companys positioning for future growth and its ability to optimize performance of existing businesses, pursue its disciplined acquisition strategy and effectively manage its capital structure; (vi) the fragmentation of the markets in which the Company operates, the acquisition opportunities in those markets, the Companys intent to continue to explore opportunistic acquisitions and the Companys capacity to absorb additional acquisitions; (vii) certain expected 2020 financial results, including the Companys updated guidance for 2020, the assumptions it made and the drivers contributing to its guidance; (viii) the Companys flexibility to capitalize on the current environment and invest in potential strategic opportunities; and (ix) the impacts of the COVID-19 pandemic on the future operating and financial performance of the Company and its customers, the Companys plans and strategies to adapt and respond to the pandemic and the expected impact of those plans and strategies. 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. 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). Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. Grow.) Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. 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. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. 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. All rights reserved. 500 Linden Oaks Suite 300 Rochester, NY 14625 I believe the majority of insider owners of Vinco Ventures probably know this point. ZASH. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. 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. Innovate. Investors . We have also included a link to the new investor presentation for your review and consideration. 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. 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. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. 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. 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. Stay informed and receive company updates straight to your inbox. 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. Now, BBIG stock also seems to be dependent on the closing of this merger. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. Strategy of one acquisition per Quarter: $17M. 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. 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. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. 1125 N. Charles St, Baltimore, MD 21201. 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 ). 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. 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 . Innovate. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. That entity creates and markets NFTs (non-fungible tokens). 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 stock skyrocketed over 300% on Thursday amid news of a merger with Zash. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/bbig-stock-10-things-to-know-about-tiktok-rival-vinco-ventures-amid-the-merger-news/. All rights reserved. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. That may allow the company to raise additional capital and help fund its growth. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. 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 Back in February, Farnsworth and Ma took a controlling stake in Lomotif. 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). Finance, the cash represents 74.1% of its market value. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. 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. 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. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . It was also on the press release for the merger closing. Grow.) Until then, investors can follow the math that I described above. Feb 27, 2023 Then, on Jun. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. Upon completion of the merger between ZASH and Vinco, ZASH will become a public company and controlling shareholder of Vinco, making Lomotif one of the top global, pure play video-sharing social networking platforms to be owned by a US publicly traded company, competing with TikTok and Kauisho in the space. Lomotif is a TikTok rival based out of Singapore. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. Vinco Ventures was the toptrending stock on Stocktwits at publication time. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. 31, it has. 25 Nov 2022. Innovate. Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners' content. On May 25, Vinco Ventures released its first-quarter earnings report. What LoMo brings to the table in this regard is completely unknown. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. The co-founders of ZASH behind this deal are former. Grow. These statements can be identified by the fact that they do not relate strictly to historic or current facts. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. 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. 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/). 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. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. By coupling these two principles together we scale quickly and profitably. 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 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,. 1 Nov 2022. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. 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. Subject to regulatory and exchange approvals. Copyright 2023 Surperformance. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Acquisitions are our model. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. By clicking Sign up, you agree to receive marketing emails from Insider (Buy. However, the total number of shares that will be outstanding then is not easily determined yet. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Copyright Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. That could leave the stock significantly undervalued. We will seek to acquire significant brands to continue to add to the Portfolio. 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. 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. Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. Business. 31, it has just . 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. 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. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. We look forward to a new beginning and B.I.G. 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. The number ranges from 0 to 100, with higher numbers indicating . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Q. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. 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. 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.. 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. Another problem is that there is no disclosure of this third-party valuation. Additionally, as of Mar. 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 stock was up57.20% at $8.32 at publication time. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. All rights reserved. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Innovate. 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. Innovate. CCV is the first. Nominated as a Board Member. Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. 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. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Vincos B.I.G. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Copyright A copy of the letter also appears on the Company's website and is disclosed . (Buy. 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. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Back in January, it announced a reverse merger with a private media company called Zash Global Media. The . Market Data copyright 2023 QuoteMedia. Delayed Nasdaq 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. That is why they did a reverse merger with BBIG stock. 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. 1125 N. Charles St, Baltimore, MD 21201. In other words, you cant just say your company is worth $5 billion and provide very little financial information with which to support the statement. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. BBIG stock should benefit from the Lomotif news and other catalysts. It claims to have over 31 million monthly active users (MAUs). Grow.) Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. In addition, on Jun. Lomotif is the leading video-sharing social networking platform that is democratizing video creation. A. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. This is likely based on Lomotif, which will change its name to LoMo soon. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. 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.
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