Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The co-founders of ZASH behind this deal are former. quotes delayed at least 15 minutes, all others at least 20 minutes. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. 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. That could leave the stock significantly undervalued. 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. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. All rights reserved. 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. 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. 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. Vincos B.I.G. See disclosure here. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. 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. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. About ZASH Global Media and Entertainment Corporation. We look forward to a new beginning and B.I.G. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. Once identified, we scale while maintaining conversions for success. Forward-Looking Statements and Disclaimers. 2023 InvestorPlace Media, LLC. The company emphasized that it planned on closing the merger with Zash Global Media. Grow. The deal will close in Q3 of this year, but the record date is not yet set. Heres what you should know about Vinco Ventures and its stock moving forward. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. The company emphasized that it planned on closing the merger with Zash Global Media. Aug. 30, 2021, 09:01 AM. Vincos B.I.G. Investment bank BTIG represented ZASH on the buy side of the transaction. This is the proxy record date for when shareholders will need to own BBIG . 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. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. In addition, the. 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. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid the Merger News, Starting off, Vinco Ventures is a mergers and acquisition company focused on digital commerce and consumer brands., The company announced earlier this year that it plans to merge with. It has $100 million in cash (not including any prior cash). Copyright Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. 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. All rights reserved. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. "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. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Additionally, as of Mar. It subsequently raised $100 million in cash. Vinco Ventures, Inc. Copyright Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. 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. 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. 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. Nasdaq 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. For more information visit Investors.vincoventures.com. Innovate. Scotland business. 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. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. We look forward to expanding the platform in the US market and around the rest of the world., Having had experience building another video-sharing social networking platform, it became quickly apparent that Lomotifs patented technology for mixing and video editing is second to none. said Vince Butta. What LoMo brings to the table in this regard is completely unknown. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. All told, you can look to see BBIG stock move higher as the merger and spinoff close. 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. 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. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. 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. 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. 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. 25 2021, Published 11:47 a.m. 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. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. 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. For more information, please view our investor presentation or visit Investors.vincoventures.com. Grow. BBIG stock should benefit from the Lomotif news and other catalysts. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. 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. 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. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. The closing of the Lomotif acquisition is subject to certain customary conditions to closing as described in the definitive acquisition agreement. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. 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, LLC (collectively referred to as Vinco). 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 . 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. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. 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. Adding to this is news today that ZASH plans to acquire a majority stake in. It is a short-form video platform, similar to TikTok. 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.
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