today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Then, on Jun. We have also included a link to the new investor presentation for your review and consideration. 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. 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. Finance, the cash represents 74.1% of its market value. This press release contains forward-looking statements within the meaning of federal securities laws. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. 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. Subject to regulatory and exchange approvals. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. We will seek to acquire significant brands to continue to add to the Portfolio. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. Heres everything potential investors need to know about the company and its upcoming merger plans. Innovate. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. 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 . In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. Strategy: Buy. quotes delayed at least 15 minutes, all others at least 20 minutes. In addition, on Jun. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. 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. James Ulrich, Esq. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. US court blocks Penguin merger with rival publisher. Strategy: Buy. 1125 N. Charles St, Baltimore, MD 21201. 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. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. 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. Grow. Cooley LLP represented Lomotif in the transaction. 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. The market does not want to provide a huge valuation to a company that may be burning through $100 million a month or a quarter. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. I believe the majority of insider owners of Vinco Ventures probably know this point. 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. It was also on the press release for the merger closing. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. 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/). 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. 31, it has just . Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. Forward-Looking Statements and Disclaimers. Innovate. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. Stay up to speed with hot stocks' news! The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The deal will close in Q3 of this year, but the record date is not yet set. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. 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 . Delayed Nasdaq 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. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. 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. But dont count on that until August sometime. Vinco Ventures Inc. SEC filings breakout by MarketWatch. 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. 2023 InvestorPlace Media, LLC. Strategy: Buy. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. quotes delayed at least 15 minutes, all others at least 20 minutes. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. 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. Sausage-skin maker agrees to 540m takeover. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. 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. By clicking Sign up, you agree to receive marketing emails from Insider "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. 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. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. 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. 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. ZASH. On May 25, Vinco Ventures released its first-quarter earnings report. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. 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. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Forward-Looking Statements and Disclaimers. That could leave the stock significantly undervalued. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. BBIG stock was down 7.5% as of Tuesday morning. Lomotif is a TikTok rival based out of Singapore. "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. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. All rights reserved. View the BBIG U.S. Securities and Exchange Commission reporting information. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. Market Data powered by QuoteMedia. 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. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Until then, investors can follow the math that I described above. 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. 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. 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.
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