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 ). Copyright 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. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad. Additionally, as of Mar. 25 Nov 2022. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Forward-Looking Statements and Disclaimers. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Q. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. 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. 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 company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. 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. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. Vinco Ventures, Inc. About ZASH Global Media and Entertainment Corporation. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. 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. 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. 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. 31, it has just . "We utilize data, metadata, and the IoT [Internet of Things] to meet the ever-changing engagement and content demands of content developers, consumers, and creators," said Vince Butta, ZASH co-founder. Strategy of one acquisition per Quarter: $17M. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. 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. Grow. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. 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 press release contains forward-looking statements within the meaning of federal securities laws. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. Finance, the cash represents 74.1% of its market value. By Ruchi Gupta Jun. James Ulrich, Esq. For more information visit Investors.vincoventures.com. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. 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. 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. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Strategy: Buy. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. 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. For more information, please view our investor presentation or visit Investors.vincoventures.com. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. 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. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. 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. Grow - More targeted traffic equals more conversions. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. Heres everything potential investors need to know about the company and its upcoming merger plans. 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. Copyright Not an offer or recommendation by Stocktwits. Innovate. Forward-Looking Statements and Disclaimers. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) economic conditions, competition and other risks that may affect the Companys future performance, including the impacts of the COVID-19 pandemic on the Companys business, markets, supply chain, customers and workforce, on the credit and financial markets, on the alignment of expenses and revenues and on the global economy generally; (ii) the ability to recognize the anticipated benefits of the Companys acquisitions, including its ability to successfully integrate and make necessary capital investments to support additional acquisitions, and the Companys ability to take advantage of strategic opportunities; (iii) changes in applicable laws or regulations; (iv) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (v) other risks and uncertainties. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. 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. The number ranges from 0 to 100, with higher numbers indicating . Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. 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. Merger target ZASH is set to acquire TikTok rival Lomotif. Innovate. We will seek to acquire significant brands to continue to add to the Portfolio. 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. -, 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). (Buy. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. We look forward to a new beginning and B.I.G. 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. Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. 1125 N. Charles St, Baltimore, MD 21201. Innovate. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. 1 MarketScreener is worth more than 1000 Influencers! 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. ", 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. A. 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. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. 500 Linden Oaks Suite 300 Rochester, NY 14625 It was also on the press release for the merger closing. The following updates have been provided. 9 Dec 2022. (Buy. Feb 27, 2023 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. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. We have also included a link to the new investor presentation for your review and consideration. 1 Nov 2022. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. Subject to regulatory and exchange approvals. Grow.) Heres what you should know about Vinco Ventures and its stock moving forward. Innovate. 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. Innovate. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. 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. Buy - Acquisitions is our model. Until then, investors can follow the math that I described above. Aug. 30, 2021, 09:01 AM. Innovate Leverage the internal traffic platforms of Honey Badger and Social Pulse Media, our brands are able to quickly innovate and determine the highest conversion traffic and target accordingly. Innovate. Grow.) On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. ET Plus, the company is still looking for a chief executive. 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. It has $100 million in cash (not including any prior cash). That is why they did a reverse merger with BBIG stock. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. Adding to this is news today that ZASH plans to acquire a majority stake in. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. Forward-Looking Statements and Disclaimers. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. 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. 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. But dont count on that until August sometime. Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. On May 25, Vinco Ventures released its first-quarter earnings report. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. Grow.) 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. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. 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. Vincos B.I.G. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Strategy: Buy. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Vincos B.I.G. 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. 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.
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