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It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. 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. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. 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 co-founders of ZASH behind this deal are former. What LoMo brings to the table in this regard is completely unknown. That could help boost BBIG stock especially if it leads to a new cash raise. 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. Then, on Jun. 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. 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 . This company is seen as a possible rival to TikTok. All rights reserved. On May 25, Vinco Ventures released its first-quarter earnings report. 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. This is the proxy record date for when shareholders will need to own BBIG . 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 Inc. SEC filings breakout by MarketWatch. 2023 InvestorPlace Media, LLC. 1 MarketScreener is worth more than 1000 Influencers! James Ulrich, Esq. Innovate. We look forward to a new beginning and B.I.G. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. So it is very difficult to determine the total dilutive number of shares outstanding. quotes delayed at least 15 minutes, all others at least 20 minutes. What is up with this? 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. 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. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Terms of Use. 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. (Buy. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. These forward-looking statements include statements regarding the potential business synergies resulting from ZASHs acquisition of Lomotif and ZASHs proposed merger with Vinco, the potential market for ZASHs and Lomotifs product offerings, customer adoption and use of the Lomotif platform, and the ability of ZASH to monetize product offerings, including the Lomotif platform. The media and entertainment team led by Tom K. Ara and including Patrick Anding at law firm DLA Piper LLP negotiated and advised ZASH on the Lomotif deal and are also advising ZASH in its merger with Vinco. Merger target ZASH is set to acquire TikTok rival Lomotif. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. Scotland business. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Dennis Dembia / R&CPMKDennis.dembia@rogersandcowanpmk.com+1 310 854 8114, Jason Magner / R&CPMKJason.magner@rogersandcowanpmk.com+1 310 854 8128, https://investors.vincoventures.com/press-releases/detail/78/musical-ly-tiktok-triller-and-moviepass-innovators-unite, https://sec.report/Document/0001493152-21-001470/, 740+ million video super-clips created to date, 225+ million installations globally (in 200+ countries in 300+ languages), 160+ million total lifetime viewers (iOS/Android), 300+ million videos watched on the platform per month, 90+ minutes of engagement on average with core users. 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. 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. Not an offer or recommendation by Stocktwits. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. 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. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. 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. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? 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 company emphasized that it planned on closing the merger with Zash Global Media. 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. as well as other partner offers and accept our, 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, 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, Registration on or use of this site constitutes acceptance of our. This press release contains forward-looking statements within the meaning of federal securities laws. 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. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. Jun 24, 2021, 08:30 ET. Strategy: Buy. 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/. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. Cooley LLP represented Lomotif in the transaction. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. 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. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. Until then, investors can follow the math that I described above. Vincos B.I.G. Strategy: Buy. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. Market Data powered by QuoteMedia. Strategy: Buy. The company emphasized that it planned on closing the merger with Zash Global Media. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. I believe the majority of insider owners of Vinco Ventures probably know this point. Strategy: Buy. 1 Nov 2022. 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 (. 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. 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. -, 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). 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Vincos B.I.G. Altogether, this deal will allow the company to cover its losses and expand its business. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. Aug. 30, 2021, 09:01 AM. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. There were conflicting reports on Friday in regard to the share float size. Ms. Argall was able to expand her network after adapting to Facebooks ever-changing platform from blog +article monetization to video monetization. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. By coupling these two principles together we scale quickly and profitably. It was also on the press release for the merger closing. 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.
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