Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. By coupling these two principles together we scale quickly and profitably. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. By Ruchi Gupta Jun. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. 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. Nasdaq Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. BBIG Stock News: Vinco Ventures Inc tanks ahead of Cryptyde - FXStreet Investor Relations :: Vinco Ventures, Inc. (BBIG) Additionally, as of Mar. things in 2021. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. 1125 N. Charles St, Baltimore, MD 21201. Copyright The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. The company is also highly leveraged, holding over $8 million in debt on their books. Certain statements in this announcement are forward-looking statements which are based on the Companys expectations, intentions and projections regarding the Companys future performance, anticipated events or trends and other matters that are not historical facts, including expectations regarding: (i) the Companys long-term targets, goals and strategies; (ii) the expected benefits of the Companys focus on digital monetization; (iii) the future impact of the preemptive actions the Company took in response to the COVID-19 pandemic coupled with its cash flow generation and balance sheet and liquidity profile; (iv) the Companys strategies for each of its segments, including its focus on recurring revenue, its balance sheet and variable cost structure, and the opportunities in the industries the Company serves; (v) the Companys positioning for future growth and its ability to optimize performance of existing businesses, pursue its disciplined acquisition strategy and effectively manage its capital structure; (vi) the fragmentation of the markets in which the Company operates, the acquisition opportunities in those markets, the Companys intent to continue to explore opportunistic acquisitions and the Companys capacity to absorb additional acquisitions; (vii) certain expected 2020 financial results, including the Companys updated guidance for 2020, the assumptions it made and the drivers contributing to its guidance; (viii) the Companys flexibility to capitalize on the current environment and invest in potential strategic opportunities; and (ix) the impacts of the COVID-19 pandemic on the future operating and financial performance of the Company and its customers, the Companys plans and strategies to adapt and respond to the pandemic and the expected impact of those plans and strategies. Jun 24, 2021, 08:30 ET. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. quotes delayed at least 15 minutes, all others at least 20 minutes. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. In addition, on Jun. 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. It is a short-form video platform, similar to TikTok. Innovate. 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. 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. Bethlehem, P.A., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media merger and acquisitions company, today announced results for the second quarter ended. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. Vinco Ventures, Inc. Reports Financial Results for the Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Edison Nation : announces the closing of a Merger Agreement with Vinco 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. 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. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. All rights reserved. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. Innovate. All rights reserved. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco Ventures (BBIG) and ZASH Complete Acquisition of Lomotif That would still represent 60.9% of its market cap. Vinco Ventures Stock (NASDAQ:BBIG), Quotes and News Summary (Buy. 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. View the BBIG U.S. Securities and Exchange Commission reporting information. Scotland business. ZASH is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. 31, it has just . 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. Strategy of one acquisition per Quarter: $17M. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. Buy - Acquisitions is our model. Moreover, Farnsworth and his partner Ma control Lomotif. 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/. Heres what you should know about Vinco Ventures and its stock moving forward. 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. Vincos B.I.G. 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. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. 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. However, BBIG stock is languishing around $3.28. James Ulrich, Esq. 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. By clicking Sign up, you agree to receive marketing emails from Insider 2023 InvestorPlace Media, LLC. Nasdaq BBIG stock should benefit from the Lomotif news and other catalysts. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Vinco Ventures, Inc. It subsequently raised $100 million in cash. ZASH And Vinco Ventures Reposition Management Teams Across All ZASH Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. Since BBIG stock has a. Innovate. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 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 following updates have been provided. Vincos B.I.G. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. 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. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There. In addition, the company has done many warrant deals and issued many internal shares. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Aug. 30, 2021, 09:01 AM. 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. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. 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. 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. Vincos B.I.G. 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. The problem we have is it is difficult to calculate the exact number of shares outstanding right now. 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. Altogether, this deal will allow the company to cover its losses and expand its business. That entity creates and markets NFTs (non-fungible tokens). Press Releases :: Vinco Ventures, Inc. (BBIG) We will seek to acquire significant brands to continue to add to the Portfolio. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. quotes delayed at least 15 minutes, all others at least 20 minutes. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. 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. 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. We look forward to a new beginning and B.I.G. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Vinco Ventures, Inc. (BBIG) Latest Press Releases & Corporate News Forward-Looking Statements and Disclaimers. Vinco Ventures, Inc. Reports Financial Results for the ", 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. 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. It claims to have over 31 million monthly active users (MAUs). Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. 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. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. -, 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: 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. The platform is fun and engaging and its features are unique and innovative. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. I believe the majority of insider owners of Vinco Ventures probably know this point. 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. Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners' content. Grow. It has $100 million in cash (not including any prior cash). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The . 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. The company emphasized that it planned on closing the merger with Zash Global Media. BBIG stock was down 7.5% as of Tuesday morning. Apr 20, 2023 Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders Apr 17, 2023 VINCO VENTURES SEES MORE THAN 30% INCREASE IN DAILY REVENUE FROM BETA TEST OF NEW AND EXCLUSIVE USER-GENERATED CONTENT PLATFORM Mar 13, 2023 Ban of TikTok in United States Mar 2, 2023 Nasdaq staff determination. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. BBIG Vinco Ventures Inc 70,736 Watch $0.1832 $0.0164 (9.83%) Today $0.18 0.0021 (1.15%) After Hours Market Cap $45.61M Volume (M) 6.81M 52-Wk High $2.35 52-Wk Low $0.15 About Feed 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 ). 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.
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