vinco ventures merger news

That is about the same as its cash per share (after $10 million in deal expenses). Cooley LLP represented Lomotif in the transaction. 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 . 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. 1125 N. Charles St, Baltimore, MD 21201. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Vincos B.I.G. 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. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. Acquisitions are our model. 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. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. 500 Linden Oaks Suite 300 Rochester, NY 14625 Jun 24, 2021, 08:30 ET. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Copyright But there isnt enough financial clarity to properly value BBIG stock. However, BBIG stock is languishing around $3.28. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. 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. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. James Ulrich, Esq. 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. 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. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. Copyright Since BBIG stock has a. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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. 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. Innovate. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. (Buy. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. The average session volume is about 18.5million. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. The number ranges from 0 to 100, with higher numbers indicating . (Buy. 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 has provided zero financial information including their present revenues about their financial prospects going forward. 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. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. 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. 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. 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. Aug. 30, 2021, 09:01 AM. 9 Dec 2022. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. Thank you for time and support as a shareholder in Vinco. Now, BBIG stock also seems to be dependent on the closing of this merger. Strategy of one acquisition per Quarter: $17M. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. Innovate. things in 2021. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. 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. 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. 31, it has just . Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. By coupling these two principles together we scale quickly and profitably. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. 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 . 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. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. Historically over 10 billion atomic clips (User Generated Content (UGC)) have been used to create more than 740+ million videos on the platform since its launch. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Q. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. 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. Market Data copyright 2023 QuoteMedia. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. BBIG stock was down 7.5% as of Tuesday morning. 1 Nov 2022. Business. 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. The platform is fun and engaging and its features are unique and innovative. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. Another problem is that there is no disclosure of this third-party valuation. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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. Until then, investors can follow the math that I described above. 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. CCV is the first. Innovate. 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. But dont count on that until August sometime. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. 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. That could leave the stock significantly undervalued. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. 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. Strategy: Buy. However, the total number of shares that will be outstanding then is not easily determined yet. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. 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. Read More:Penny Stocks How to Profit Without Getting Scammed. The company emphasized that it planned on closing the merger with Zash Global Media. 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. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. Subject to regulatory and exchange approvals. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. For more information visit Investors.vincoventures.com. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Vinco Ventures, Inc. 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 could help boost BBIG stock especially if it leads to a new cash raise. 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. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. "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. 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. These statements can be identified by the fact that they do not relate strictly to historic or current facts. So it is very difficult to determine the total dilutive number of shares outstanding. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. On May 25, Vinco Ventures released its first-quarter earnings report. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. The company emphasized that it planned on closing the merger with Zash Global Media. 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. Feb 27, 2023 The company emphasized that it planned on closing the merger with Zash Global Media. 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. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? All rights reserved. Heres what you should know about Vinco Ventures and its stock moving forward. Heres everything potential investors need to know about the company and its upcoming merger plans. Strategy: Buy. Innovate. Forward-Looking Statements and Disclaimers. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. 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. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. 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. 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. For more information, please view our investor presentation or visit Investors.vincoventures.com. Additionally, as of Mar. By clicking Sign up, you agree to receive marketing emails from Insider 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. swriters disclose this fact and warn readers of the risks. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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 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. Tier 1 brand acquisitions generate $20M+ in top line revenue. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. 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. ", Read more: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. Vincos B.I.G. 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. Then, on Jun. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. 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 ). Grow. Vincos B.I.G. 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. "The Company's proprietary Influencer Platform led to over 2 billion video views within a 30-day period. 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. Moreover, Farnsworth and his partner Ma control Lomotif. 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. That entity creates and markets NFTs (non-fungible tokens). For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. 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. 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. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? 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 Has Closed Its Deal With Lomotif But the Details End There. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. Grow. 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). Vinco Ventures was the toptrending stock on Stocktwits at publication time. 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. 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. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. Plus500. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. This is likely based on Lomotif, which will change its name to LoMo soon. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. In addition, the. See disclosure here. Additionally, as of Mar. 25 2021, Published 11:47 a.m. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. 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. Vincos B.I.G. Buy - Acquisitions is our model. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Market Data powered by QuoteMedia.

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