9 Dec 2022. 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. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. Stay up to speed with hot stocks' news! The company emphasized that it planned on closing the merger with Zash Global Media. Plus500. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. Moreover, Farnsworth and his partner Ma control Lomotif. Jun 24, 2021, 08:30 ET. Terms of Use. 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. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. It subsequently raised $100 million in cash. 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. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Altogether, this deal will allow the company to cover its losses and expand its business. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Aug. 30, 2021, 09:01 AM. Investment bank BTIG represented ZASH on the buy side of the transaction. 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. Laurie Argall, VP of Branding and Media Content. BBIG | Vinco Ventures Inc. SEC Filings | MarketWatch Vinco Ventures (BBIG) has been one of the most explosive stocks over the last 3 weeks, rising from about $2 to over $12 at its recent high. 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 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. For more information visit Investors.vincoventures.com. Vinco Ventures Issues Letter to Shareholders Highlighting Value Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. 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. All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. 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. All rights reserved. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Since BBIG stock has a. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. Vinco and ZASH intend to acquire Lomotif Private Limited (Lomotif) through their joint venture, ZVV Media Partners, LLC (the Joint Venture); The parties have completed an Amended and Restated Limited Liability Company Agreement for the Joint Venture in preparation for the anticipated acquisition of Lomotif through the Joint Venture; Gemini Valuation Services will complete and present to Vinco an independent third-party valuation on ZASH on or before June 11, 2021; The parties intend to sign a final Agreement and Plan of Merger and Reorganization on or before June 24, 2021; and. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. This is the proxy record date for when shareholders will need to own BBIG . Vinco Ventures Stock (NASDAQ:BBIG), Quotes and News Summary 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. By Ruchi Gupta Jun. 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. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. In addition, the company has done many warrant deals and issued many internal shares. Grow. 25 Nov 2022. By coupling these two principles together we scale quickly and profitably. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. 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. Adding to this is news today that ZASH plans to acquire a majority stake in. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. 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. 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 . The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Vinco Ventures, Inc. Reports Financial Results for the For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. 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. (Buy. Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. On May 25, Vinco Ventures released its first-quarter earnings report. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. 2023 InvestorPlace Media, LLC. Not an offer or recommendation by Stocktwits. Why Vinco Ventures Stock Is Surging Higher Again Today 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 (. 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. Vinco Ventures was the toptrending stock on Stocktwits at publication time. Forward-Looking Statements and Disclaimers. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Grow. News / Events :: Vinco Ventures, Inc. (BBIG) Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Now, BBIG stock also seems to be dependent on the closing of this merger. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Edison Nation, Inc. announces the closing of a Merger Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. 1125 N. Charles St, Baltimore, MD 21201. The following additional data further shows the Lomotif platforms dominant, global user traction and reach that ZASH believes demonstrates massive untapped value and Lomotifs potential growth: Lomotif Founder and Chief Executive Officer, Paul Yang, will continue to lead Lomotif upon completion of the acquisition. 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. All rights reserved. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. Innovate. The . Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). ", 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. Investors . Vinco Ventures Inc. SEC filings breakout by MarketWatch. Vinco Ventures, Inc. (BBIG) Latest Stock News & Headlines - Yahoo Finance 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.
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