vinco ventures merger news

The company emphasized that it planned on closing the merger with Zash Global Media. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. Terms of Use. Delayed Nasdaq today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Market Data powered by QuoteMedia. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. 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. This press release contains forward-looking statements within the meaning of federal securities laws. 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. 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. By coupling these two principles together we scale quickly and profitably. 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. 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 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. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. 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. Investment bank BTIG represented ZASH on the buy side of the transaction. 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. BBIG stock was down 7.5% as of Tuesday morning. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. For example, in Q1 Vincos cash flow from operations was a loss of $4.14 million, according to Page 8 of its latest 10-Q filing. 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. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. Forward-Looking Statements and Disclaimers. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. This is likely based on Lomotif, which will change its name to LoMo soon. What is up with this? Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. We will seek to acquire significant brands to continue to add to the Portfolio. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. We look forward to expanding the platform in the US market and around the rest of the world., Having had experience building another video-sharing social networking platform, it became quickly apparent that Lomotifs patented technology for mixing and video editing is second to none. said Vince Butta. Feb 27, 2023 For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. 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. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. Heres everything potential investors need to know about the company and its upcoming merger plans. 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. (Buy. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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. 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. 9 Dec 2022. Innovate. Innovate. 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. Vincos B.I.G. 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 opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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 ). (Buy. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. It subsequently raised $100 million in cash. In addition, on Jun. 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. 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). 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. 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. Grow.) Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. 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. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 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. Vincos B.I.G. This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. Vinco Ventures, Inc. It subsequently raised $100 million in cash. Tier 1 brand acquisitions generate $20M+ in top line revenue. Announces Executive Changes, Vinco Ventures, Inc. Appoints James Robertson as Chief Executive Officer, Vinco Ventures, Inc. Appoints Chris Polimeni as CFO, Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders, Chairman, President & Chief Executive Officer, The registered traffic domains related to Honey Badger Media in exchange for the payment of three hundred thousand dollars (. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. Grow. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Once identified, we scale while maintaining conversions for success. 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. Innovate. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. 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 . Strategy of one acquisition per Quarter: $17M. 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. 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. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. The company emphasized that it planned on closing the merger with Zash Global Media. Companies that understand this and announce where things stand tend to trade closer to their underlying value. SYRACUSE, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (Nasdaq Capital Market: BBIG), a technology company specializing in converting content to digital and social platforms . Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. 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. Laurie Argall, VP of Branding and Media Content. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. See disclosure here. 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. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. swriters disclose this fact and warn readers of the risks. Thank you for time and support as a shareholder in Vinco. Moreover, Farnsworth and his partner Ma control Lomotif. quotes delayed at least 15 minutes, all others at least 20 minutes. About ZASH Global Media and Entertainment Corporation. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/bbig-stock-10-things-to-know-about-tiktok-rival-vinco-ventures-amid-the-merger-news/. That could help boost BBIG stock especially if it leads to a new cash raise. Copyright Nominated as a Board Member. Investor Relations :: Vinco Ventures, Inc. (BBIG) Latest News VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO Apr 20, 2023 View All News Upcoming Events Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT View All Events Latest Financial Results Q3 2022 Another problem is that there is no disclosure of this third-party valuation. The average session volume is about 18.5million. Innovate. The co-founders of ZASH behind this deal are former. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. We look forward to a new beginning and B.I.G. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. All rights reserved. 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. What LoMo brings to the table in this regard is completely unknown. Plus, the company is still looking for a chief executive. Until then, investors can follow the math that I described above. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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. ET In addition, the. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Stay informed and receive company updates straight to your inbox. 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. 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. 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 . 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. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts 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. This company is seen as a possible rival to TikTok. 31, it has just . It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. 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. 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. Vincos B.I.G. Adding to this is news today that ZASH plans to acquire a majority stake in. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward.

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