BETHLEHEM, Pa., Oct. 20, 2021 /PRNewswire/ -- Vinco Ventures (NASDAQ: BBIG) / - Vinco Ventures and ZASH update: One of the first courses of action of the new Vinco Venture board is to change the . It subsequently raised $100 million in cash. Altogether, this deal will allow the company to cover its losses and expand its business. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Tier 1 brand acquisitions generate $20M+ in top line revenue. Driving traffic to her websitesin excess ofover150 million unique visitors monthly,Ms. Argallhas a unique ability to identify what will trend on social media and go viral. That may allow the company to raise additional capital and help fund its growth. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. 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. Stay up to speed with hot stocks' news! 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. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. The co-founders of ZASH behind this deal are former. Moreover, Farnsworth and his partner Ma control Lomotif. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. 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. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. 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. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 31, it has just . 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. In addition, the company has done many warrant deals and issued many internal shares. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Innovate. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. All rights reserved. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. There were conflicting reports on Friday in regard to the share float size. 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. 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. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. That is about the same as its cash per share (after $10 million in deal expenses). On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. Copyright 2023 Surperformance. RT=Real-Time, EOD=End of Day, PD=Previous Day. Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. The average session volume is about 18.5million. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. 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. This is likely based on Lomotif, which will change its name to LoMo soon. Not an offer or recommendation by Stocktwits. 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. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Forward-Looking Statements and Disclaimers. Nasdaq 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. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. 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. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. Stay informed and receive company updates straight to your inbox. 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. 1 Nov 2022. CCV is the first. ZASH. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. Strategy: Buy. For more information visit Investors.vincoventures.com. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. Lomotif is a TikTok rival based out of Singapore. quotes delayed at least 15 minutes, all others at least 20 minutes. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 2023 InvestorPlace Media, LLC. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. 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. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. 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. Innovate. Nasdaq 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. On May 25, Vinco Ventures released its first-quarter earnings report. Forward-Looking Statements and Disclaimers. A. About ZASH Global Media and Entertainment Corporation. Innovate. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. That would still represent 60.9% of its market cap. 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. 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. 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. Plus500. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. Until then, investors can follow the math that I described above. Back in January, it announced a reverse merger with a private media company called Zash Global Media. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Worlds Top Steelmaker Signs Deal for Saudi Arabian Steel Plant, Asia Stocks Fall as Traders Pare Risk Ahead of Fed: Markets Wrap, Japanese shares retreat on banking jitters ahead of Golden Week break, Impasse remains over Russian grain, fertilizer exports - Russia, Stocks on edge as traders wait on central bankers. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. quotes delayed at least 15 minutes, all others at least 20 minutes. Q. View the BBIG U.S. Securities and Exchange Commission reporting information. But there isnt enough financial clarity to properly value BBIG stock. 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. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Vinco Ventures Inc. SEC filings breakout by MarketWatch. On May 25, Vinco Ventures released its first-quarter earnings report. 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. What LoMo brings to the table in this regard is completely unknown. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. BBIG stock should benefit from the Lomotif news and other catalysts. Once identified, we scale while maintaining conversions for success. 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. 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 company emphasized that it planned on closing the merger with Zash Global Media. 2023 InvestorPlace Media, LLC. US court blocks Penguin merger with rival publisher. (Buy. By Ruchi Gupta Jun. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Since BBIG stock has a. That could help boost BBIG stock especially if it leads to a new cash raise. The closing of the Lomotif acquisition is subject to certain customary conditions to . 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. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. All rights reserved. That entity creates and markets NFTs (non-fungible tokens). The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. 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. The number ranges from 0 to 100, with higher numbers indicating . Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. Terms of Use. 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.
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