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. The co-founders of ZASH behind this deal are former. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. quotes delayed at least 15 minutes, all others at least 20 minutes. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 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 (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. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. Additionally, as of Mar. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. 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. 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 subsequently raised $100 million in cash. Once identified, we scale while maintaining conversions for success. The company emphasized that it planned on closing the merger with Zash Global Media. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. Read More:Penny Stocks How to Profit Without Getting Scammed. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. quotes delayed at least 15 minutes, all others at least 20 minutes. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. 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. What LoMo brings to the table in this regard is completely unknown. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Innovate. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts Q. Forward-Looking Statements and Disclaimers. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Jun 24, 2021, 08:30 ET. 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. Back in January, it announced a reverse merger with a private media company called Zash Global Media. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. swriters disclose this fact and warn readers of the risks. Nasdaq Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. 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. 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 In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. It subsequently raised $100 million in cash. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. Nasdaq I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. 31, it has just . 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. The stock was up57.20% at $8.32 at publication time. T: 866-900-0992 Forward-Looking Statements and Disclaimers. It claims to have over 31 million monthly active users (MAUs). 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. Until then, investors can follow the math that I described above. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Finance, the cash represents 74.1% of its market value. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. 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. Plus, the company is still looking for a chief executive. About ZASH Global Media and Entertainment Corporation. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. So it is very difficult to determine the total dilutive number of shares outstanding. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. However, the total number of shares that will be outstanding then is not easily determined yet. 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. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. Vinco Ventures was the toptrending stock on Stocktwits at publication time. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. The average session volume is about 18.5million. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It is now set to merge with Zash, a media, entertainment, and content-focused technology company led by co-founders Ted Farnsworth, Jaeson Ma, and Vincent Butta. 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. 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. Merger target ZASH is set to acquire TikTok rival Lomotif. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. 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. Nominated as a Board Member. Innovate. 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. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? That is about the same as its cash per share (after $10 million in deal expenses). 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. 25 2021, Published 11:47 a.m. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. By clicking Sign up, you agree to receive marketing emails from Insider By Ruchi Gupta Jun. 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. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Now, BBIG stock also seems to be dependent on the closing of this merger. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. That could help boost BBIG stock especially if it leads to a new cash raise. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Grow - More targeted traffic equals more conversions. Scotland business. 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. 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, please view our investor presentation or visit Investors.vincoventures.com. These statements can be identified by the fact that they do not relate strictly to historic or current facts. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. Sausage-skin maker agrees to 540m takeover. 2023 InvestorPlace Media, LLC. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G.