All rights reserved. As an emerging player in user generated video creation, we are excited to be part of ZASHs overall content and distribution plans and strategies and are looking forward to accelerating growth and adoption of Lomotif worldwide., Lomotif is the key piece of the ZASH strategy to merge the best-in-class media, entertainment and content-focused technology companies globally, said Ted Farnsworth. 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. Strategy: Buy. Heres what you should know about Vinco Ventures and its stock moving forward. Companies that understand this and announce where things stand tend to trade closer to their underlying value. Innovate. 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. The deal will close in Q3 of this year, but the record date is not yet set. Since BBIG stock has a. Stay up to speed with hot stocks' news! It is a short-form video platform, similar to TikTok. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. 9 Dec 2022. (Buy. 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. 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. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. 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). 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. It is now set to merge with Zash, a media, entertainment, and content-focused technology company led by co-founders Ted Farnsworth, Jaeson Ma, and Vincent Butta. That entity creates and markets NFTs (non-fungible tokens). The stock was up57.20% at $8.32 at publication time. There were conflicting reports on Friday in regard to the share float size. It subsequently raised $100 million in cash. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. 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 . Additionally, as of Mar. Strategy: Buy. For more information visit Investors.vincoventures.com. Altogether, this deal will allow the company to cover its losses and expand its business. RT=Real-Time, EOD=End of Day, PD=Previous Day. Grow.) However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. 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. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 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. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. 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 . Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. To make matters even more confusing, the company claims a third-party valuation puts the value of Lomotif at $5 billion. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. 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. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Heres everything potential investors need to know about the company and its upcoming merger plans. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. 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. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. 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. The following updates have been provided. Then, on Jun. Nominated as a Board Member. What LoMo brings to the table in this regard is completely unknown. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. This press release contains forward-looking statements within the meaning of federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. The problem we have is it is difficult to calculate the exact number of shares outstanding right now. 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. Plus500. That is about the same as its cash per share (after $10 million in deal expenses). 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. The company emphasized that it planned on closing the merger with Zash Global Media. -, 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). Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. 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 Additionally, as of Mar. Innovate. The co-founders of ZASH behind this deal are former. Additionally, as of Mar. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. Forward-Looking Statements and Disclaimers. Moreover, Farnsworth and his partner Ma control Lomotif. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. 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. View the BBIG U.S. Securities and Exchange Commission reporting information. Back in January, it announced a reverse merger with a private media company called Zash Global Media. BBIG stock should benefit from the Lomotif news and other catalysts. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. 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 opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Acquisitions are our model. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. 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. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. By coupling these two principles together we scale quickly and profitably. (Buy. 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 company has done many warrant deals and issued many internal shares. Strategy: Buy. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 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. Innovate. The company emphasized that it planned on closing the merger with 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. swriters disclose this fact and warn readers of the risks. 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. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. On May 25, Vinco Ventures released its first-quarter earnings report. Not an offer or recommendation by Stocktwits. See disclosure here. 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. All told, you can look to see BBIG stock move higher as the merger and spinoff close. 2023 InvestorPlace Media, LLC. 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. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy, VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO, Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders, VINCO VENTURES SEES MORE THAN 30% INCREASE IN DAILY REVENUE FROM BETA TEST OF NEW AND EXCLUSIVE USER-GENERATED CONTENT PLATFORM, UPDATE ON FILING OF QUARTERLY REPORTS ON FORM 10-Q FOR THE QUARTERS ENDED JUNE 30, 2022 AND SEPTEMBER 30 2022, VVIP VENTURES ANNOUNCES MULTI-YEAR SYNDICATION AGREEMENT WITH A360 MEDIA. ZASH. Nasdaq Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. 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 confirmed to Benzinga that the current float size is about 40 million shares. The company emphasized that it planned on closing the merger with Zash Global Media. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. All rights reserved. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. 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). Forward-Looking Statements and Disclaimers. 1 Nov 2022. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Once identified, we scale while maintaining conversions for success. 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. Access your favorite topics in a personalized feed while you're on the go. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. The company is also highly leveraged, holding over $8 million in debt on their books. Vincos B.I.G. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Innovate. 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 ). Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. 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. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. 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. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. 1 MarketScreener is worth more than 1000 Influencers! This is the proxy record date for when shareholders will need to own BBIG . 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. 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,. 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. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. 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. Grow. 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. 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. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. It subsequently raised $100 million in cash. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. It has $100 million in cash (not including any prior cash). Strategy: Buy. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! Nasdaq We look forward to a new beginning and B.I.G. We have also included a link to the new investor presentation for your review and consideration. Investors . Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. 25 2021, Published 11:47 a.m. things in 2021. 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. 2023 InvestorPlace Media, LLC. Forward-Looking Statements and Disclaimers. ET That is why they did a reverse merger with BBIG stock. 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. 500 Linden Oaks Suite 300 Rochester, NY 14625 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. 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. 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. Laurie Argall, VP of Branding and Media Content. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. 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. In addition, on Jun. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Ms. Argall was able to expand her network after adapting to Facebooks ever-changing platform from blog +article monetization to video monetization. 25 Nov 2022. That may allow the company to raise additional capital and help fund its growth. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. 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,. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. On May 25, Vinco Ventures released its first-quarter earnings report. I believe the majority of insider owners of Vinco Ventures probably know this point. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. BBIG remains one of the most shorted stocks in the. That could help boost BBIG stock especially if it leads to a new cash raise. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. However, BBIG stock is languishing around $3.28. ZASH will focus Lomotif on an advertising model going forward, as well as other means of monetization over the next several months., Lomotif is a global platform with tremendous following in Asia and Latin America and together with ZASH, it will replicate that success in the US and other markets, said Jaeson Ma.
Car Accident Millsboro, De Today,
Johnny Bench Wife, Lauren Baiocchi,
Watermelon Benefits For Female Fertility,
Articles V
