ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Not an offer or recommendation by Stocktwits. Access your favorite topics in a personalized feed while you're on the go. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Innovate. It subsequently raised $100 million in cash. Ms. Argallstarted her career in social media monetization by building blogs for celebrities,having grown her network on Facebook to over 150 million fans with clients from Adalia Rose, BamMargeraand Joy of Mom. 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. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. 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. 2023 InvestorPlace Media, LLC. 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. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. 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 The closing of the Lomotif acquisition is subject to certain customary conditions to . Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. We have also included a link to the new investor presentation for your review and consideration. Mergers and acquisitions - BBC News 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. Buy - Acquisitions is our model. Forward-Looking Statements and Disclaimers. But dont count on that until August sometime. 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. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. 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. 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. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. 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. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. 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. 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. 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/). 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.. 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. Innovate. A copy of the letter also appears on the Company's website and is disclosed . Vinco Ventures, Inc. T: 866-900-0992 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 ). What is up with this? TIKTOK AND KUAISHOU RIVAL, LOMOTIF, SELLS TO ZASH :: Vinco Ventures Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. On May 25, Vinco Ventures released its first-quarter earnings report. Grow. BBIG stock should benefit from the Lomotif news and other catalysts. 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. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Forward-Looking Statements and Disclaimers. 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. By Ruchi Gupta Jun. Strategy: Buy. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. 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. Investors . The company is also highly leveraged, holding over $8 million in debt on their books. However, BBIG stock is languishing around $3.28. Until the company provides more clarity, dont expect the stock to move significantly higher, even if it is worth $5 billion, according to the company. ET 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. It is a short-form video platform, similar to TikTok. A. BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. CCV is the first. All forward-looking statements are qualified in their entirety by this cautionary statement. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It was also on the press release for the merger closing. ZASH. (Buy. Acquisitions are our model. That is about the same as its cash per share (after $10 million in deal expenses). Nasdaq This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. things in 2021. Terms of Use. 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. Tier 1 brand acquisitions generate $20M+ in top line revenue. Subject to regulatory and exchange approvals. For more information visit Investors.vincoventures.com. Strategy of one acquisition per Quarter: $17M. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. 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 . Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. By clicking Sign up, you agree to receive marketing emails from Insider Innovate. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. That is why they did a reverse merger with BBIG stock. Until then, investors can follow the math that I described above. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. 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. 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. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. 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. Nominated as a Board Member. See disclosure here. Innovate. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts 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. This was after the joint venture received the $2 million investment. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. In addition, the. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger.
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