Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Edison Nation, Inc. announces the closing of a Merger Copyright 2023 Surperformance. 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. 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 Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. Grow. 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. Grow.) 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. 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. Then, on Jun. 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. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. So it is very difficult to determine the total dilutive number of shares outstanding. Not an offer or recommendation by Stocktwits. Press Releases :: Vinco Ventures, Inc. (BBIG) (Buy. Feb 27, 2023 Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media US court blocks Penguin merger with rival publisher. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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 (. Edison Nation : announces the closing of a Merger Agreement with Vinco Vinco Ventures, Inc. (BBIG), a consumer products and digital marketing company which aims to advance both product and people brand recognition through our digital marketing and technology platform while reshaping how those are monetized and marketed. Once identified, we scale while maintaining conversions for success. 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. The stock was up57.20% at $8.32 at publication time. Grow - More targeted traffic equals more conversions. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. This was after the joint venture received the $2 million investment. For more information, please view our investor presentation or visit Investors.vincoventures.com. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration 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 company is also highly leveraged, holding over $8 million in debt on their books. Vinco Ventures Will Get a Boost from Its Upcoming Merger and - Insider 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. Heres everything potential investors need to know about the company and its upcoming merger plans. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. We have also included a link to the new investor presentation for your review and consideration. 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. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. All rights reserved. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. 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 Has Closed Its Deal With Lomotif But the Details End There BBIG stock was down 7.5% as of Tuesday morning. Syracuse, NY, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (Nasdaq: BBIG) ("Vinco Ventures," "Vinco," or the "Company"), a digital media and content technologies company,. By coupling these two principles together we scale quickly and profitably. This press release contains forward-looking statements within the meaning of federal securities laws. 500 Linden Oaks Suite 300 Rochester, NY 14625 GDC Stock Alert: Why Is GD Culture Group Up 700% Today? today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Grow.) What is up with this? 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. 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. Forward-Looking Statements and Disclaimers. 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. Strategy: Buy. 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 ). Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. In addition, the company has done many warrant deals and issued many internal shares. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. Lomotif, a video and social platform similar to TikTok, lets users share short music videos. It has become increasingly popular in Asia, Europe and South America, apparently growing by over 350 million videos per month. Lomotif is the leading video-sharing social networking platform that is democratizing video creation. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. BBIG stock was down 7.5% as of Tuesday morning. 2023 InvestorPlace Media, LLC. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Terms of Use. Grow. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. BBIG remains one of the most shorted stocks in the. Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners' content. Grow.) 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. Why Vinco Ventures Stock Is Surging Higher Again Today 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. Vinco Ventures, Inc. Announces 'Spin Out' of Emmersive Entertainment Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. That could leave the stock significantly undervalued. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. All forward-looking statements are qualified in their entirety by this cautionary statement. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Vinco Ventures, Inc. (BBIG) Latest Press Releases & Corporate News Laurie Argall, VP of Branding and Media Content. Innovate. 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 has $100 million in cash (not including any prior cash). Buy - Acquisitions is our model. (Buy. 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. View the BBIG U.S. Securities and Exchange Commission reporting information. But there isnt enough financial clarity to properly value BBIG stock. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. 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 (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. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. Until then, investors can follow the math that I described above. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Nasdaq As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. 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. A. Investor Relations :: Vinco Ventures, Inc. (BBIG) Strategy: Buy. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. This is the proxy record date for when shareholders will need to own BBIG . By clicking Sign up, you agree to receive marketing emails from Insider Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. 1125 N. Charles St, Baltimore, MD 21201. Lomotif is a TikTok rival based out of Singapore. quotes delayed at least 15 minutes, all others at least 20 minutes. That entity creates and markets NFTs (non-fungible tokens). Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. To make matters even more confusing, the company claims a third-party valuation puts the value of Lomotif at $5 billion. 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. On May 25, Vinco Ventures released its first-quarter earnings report. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. BETHLEHEM, Pa., Oct. 20, 2021 /PRNewswire/ -- Vinco Ventures (NASDAQ: BBIG) / - Vinco Ventures and ZASH update: One of the first courses of action of the new Vinco Venture board is to change the . 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. 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. 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. T: 866-900-0992 Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. ET For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. Innovate. That is about the same as its cash per share (after $10 million in deal expenses). 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. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. Vinco Ventures Issues Letter to Shareholders Highlighting Value It was also on the press release for the merger closing. Innovate. 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. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! Copyright strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. However, the total number of shares that will be outstanding then is not easily determined yet. Cooley LLP represented Lomotif in the transaction. 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. 2023 InvestorPlace Media, LLC. The . The co-founders of ZASH behind this deal are former. Sausage-skin maker agrees to 540m takeover. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. Vinco Ventures Inc. SEC filings breakout by MarketWatch. TIKTOK AND KUAISHOU RIVAL, LOMOTIF, SELLS TO ZASH :: Vinco Ventures The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? It claims to have over 31 million monthly active users (MAUs). Right now the company has 27.935 million shares outstanding, according to its last 10-Q. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Stay informed and receive company updates straight to your inbox. 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. Innovate. That is why they did a reverse merger with BBIG stock. For more information visit Investors.vincoventures.com. Vinco Ventures Stock (NASDAQ:BBIG), Quotes and News Summary In addition, the. 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. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . Since BBIG stock has a. BBIG Stock News: Vinco Ventures Inc sheds another 5% but - FXStreet 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.