That could help boost BBIG stock especially if it leads to a new cash raise. Access your favorite topics in a personalized feed while you're on the go. Vinco Ventures Stock (NASDAQ:BBIG), Quotes and News Summary 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Why Vinco Ventures Stock Is Surging Higher Again Today Bethlehem, PA and Singapore, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG)ZASH Global Media and Entertainment Corporation (ZASH), the entertainment industry disrupter led by co-founders Ted Farnsworth, financier and former MoviePass Chairman, early Musical.ly (now TikTok) investor Jaeson Ma, and early Triller visionary and board member, Vincent Butta, has entered into a definitive agreement to acquire a majority controlling interest in Lomotif Private Limited (Lomotif), the Singapore-based top video-sharing social networking platform and budding rival to TikTok, and Kuaishou (1024.HK on the Hong Kong Stock Exchange). Grow. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. Now, BBIG stock also seems to be dependent on the closing of this merger. Vinco Ventures, Inc. Announces 'Spin Out' of Emmersive Entertainment Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. Read More:Penny Stocks How to Profit Without Getting Scammed. 1125 N. Charles St, Baltimore, MD 21201. Strategy of one acquisition per Quarter: $17M. Vinco Ventures, Inc. (BBIG) Latest Stock News & Headlines - Yahoo Finance 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. 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. 31, it has. 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. Market Data copyright 2023 QuoteMedia. Once identified, we scale while maintaining conversions for success. 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. 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. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. 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. 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. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq It has $100 million in cash (not including any prior cash). Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There. Sausage-skin maker agrees to 540m takeover. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. 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. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and The deal will close in Q3 of this year, but the record date is not yet set. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. Cooley LLP represented Lomotif in the transaction. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Business. A copy of the letter also appears on the Company's website and is disclosed . Plus, the company is still looking for a chief executive. The number ranges from 0 to 100, with higher numbers indicating . These statements can be identified by the fact that they do not relate strictly to historic or current facts. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid So it is very difficult to determine the total dilutive number of shares outstanding. The company is also highly leveraged, holding over $8 million in debt on their books. This company is seen as a possible rival to TikTok. 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. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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. 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. View the BBIG U.S. Securities and Exchange Commission reporting information. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration But there isnt enough financial clarity to properly value BBIG stock. 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 Additionally, as of Mar. The company emphasized that it planned on closing the merger with Zash Global Media. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. 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. 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. Adding to this is news today that ZASH plans to acquire a majority stake in. 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. 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. 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. Innovate. It is a short-form video platform, similar to TikTok. Mergers and acquisitions - BBC News Strategy: Buy. Lomotif is a TikTok rival based out of Singapore. Forward-Looking Statements and Disclaimers. See disclosure here. 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. 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. Not an offer or recommendation by Stocktwits. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. 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 . 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. 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. US court blocks Penguin merger with rival publisher. In addition, the Company entered into transactions with Honey Badger Media, LLC whereby in return for the payment of the consideration as set forth below, the Company receives the following: In todays marketplace for consumer product companies, the digital shelf dominates as the core channel for brand growth and sustainability. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. 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. Merger target ZASH is set to acquire TikTok rival Lomotif. Then, on Jun. Feb 27, 2023 Grow - More targeted traffic equals more conversions. "The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs," said Vinco Chief Strategy Officer Brian McFadden. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. 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 Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger Bethlehem, PA, May 28, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures,. "The Company's proprietary Influencer Platform led to over 2 billion video views within a 30-day period. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. 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. Copyright 2023 Surperformance. BBIG Stock News: Vinco Ventures Inc sheds another 5% but - FXStreet BBIG stock was down 7.5% as of Tuesday morning. Stay informed and receive company updates straight to your inbox. All rights reserved. swriters disclose this fact and warn readers of the risks. There were conflicting reports on Friday in regard to the share float size. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. But dont count on that until August sometime. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. RT=Real-Time, EOD=End of Day, PD=Previous Day. Vinco Ventures was the toptrending stock on Stocktwits at publication time. Strategy: Buy. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. The problem we have is it is difficult to calculate the exact number of shares outstanding right now. Tier 1 brand acquisitions generate $20M+ in top line revenue. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. -, 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). All rights reserved. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Nasdaq 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. We will seek to acquire significant brands to continue to add to the Portfolio. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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. Jun 24, 2021, 08:30 ET. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. 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. It claims to have over 31 million monthly active users (MAUs). Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media Press Releases :: Vinco Ventures, Inc. (BBIG) On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. That could leave the stock significantly undervalued. 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. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. Innovate. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. 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. All rights reserved. ZASH And Vinco Ventures Reposition Management Teams Across All ZASH Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger 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. 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. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. 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. Grow. 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. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 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. "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. The company emphasized that it planned on closing the merger with Zash Global Media. 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. Strategy: Buy. It subsequently raised $100 million in cash. Investors . The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. By Ruchi Gupta Jun. 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. Vinco Ventures, Inc. Reports Financial Results for the Altogether, this deal will allow the company to cover its losses and expand its business. The following updates have been provided. 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. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . 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 (. 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. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Vinco Ventures, Inc. Reports Financial Results for the These statements can be identified by the fact that they do not relate strictly to historic or current facts. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. 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 . Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. For more information about ZASHs proposed merger with Vinco, please see the press release (https://investors.vincoventures.com/press-releases/detail/78/musical-ly-tiktok-triller-and-moviepass-innovators-unite) and Vincos 8-K filed on January 19, 2021 (https://sec.report/Document/0001493152-21-001470/). 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. Heres everything potential investors need to know about the company and its upcoming merger plans. 500 Linden Oaks Suite 300 Rochester, NY 14625 That is about the same as its cash per share (after $10 million in deal expenses). 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. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. Vinco Ventures: Social Networking Powerhouse In The Making Additionally, as of Mar. For more information visit Investors.vincoventures.com. Grow. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. Innovate. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. Grow.) CCV is the first. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (.
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