1125 N. Charles St, Baltimore, MD 21201. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. Market Data powered by QuoteMedia. Not an offer or recommendation by Stocktwits. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Access your favorite topics in a personalized feed while you're on the go. Now, BBIG stock also seems to be dependent on the closing of this merger. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surge higher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. 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. View the BBIG U.S. Securities and Exchange Commission reporting information. things in 2021. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. Strategy: Buy. ET 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. Strategy: Buy. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. Forward-Looking Statements and Disclaimers. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. 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. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. 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. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Edison Nation : announces the closing of a Merger Agreement with Vinco By clicking Sign up, you agree to receive marketing emails from Insider 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. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. ZASH And Vinco Ventures Reposition Management Teams Across All ZASH 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. 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. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. Vincos B.I.G. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. In todays world of mass consumption of short-form content, we see Lomotifs addition to the ZASH family as an incredible opportunity to leverage our content in all formats and broaden our distribution platform worldwide.. 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. 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. Copyright 2023 Surperformance. FAIRPORT, NY., Nov. 08, 2021 (GLOBE NEWSWIRE) -- November 8, 2021, Vinco Ventures, Inc. (NASDAQ: BBIG) ("Vinco") today announced the filing of a Form 10 registration statement with the. He is known for his in-depth knowledge of the business of sports and trusted, long-standing relationships with coaches, executives and other personnel throughout the leagues. 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. About ZASH Global Media and Entertainment Corporation. Vinco Ventures Issues Letter to Shareholders Highlighting Value Innovate. 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 . Heres everything potential investors need to know about the company and its upcoming merger plans. Historically over 10 billion atomic clips (User Generated Content (UGC)) have been used to create more than 740+ million videos on the platform since its launch. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. 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. See disclosure here. Altogether, this deal will allow the company to cover its losses and expand its business. Innovate. Innovate. 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. 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. Copyright 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. Strategy: Buy. All told, you can look to see BBIG stock move higher as the merger and spinoff close. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. Moreover, Farnsworth and his partner Ma control Lomotif. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. Grow.) He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. ZASH will focus Lomotif on an advertising model going forward, as well as other means of monetization over the next several months., Lomotif is a global platform with tremendous following in Asia and Latin America and together with ZASH, it will replicate that success in the US and other markets, said Jaeson Ma. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 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. 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. Investors . The problem we have is it is difficult to calculate the exact number of shares outstanding right now. Lomotif is a TikTok rival based out of Singapore. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. 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. It is a short-form video platform, similar to TikTok. 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. BBIG remains one of the most shorted stocks in the. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. Strategy of one acquisition per Quarter: $17M. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Vinco Ventures Inc. SEC filings breakout by MarketWatch. It was also on the press release for the merger closing. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. In addition, the. 25 Nov 2022. Innovate. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. That is about the same as its cash per share (after $10 million in deal expenses). James Ulrich, Esq. The platform is fun and engaging and its features are unique and innovative. Innovate. Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. Business. "The Company's proprietary Influencer Platform led to over 2 billion video views within a 30-day period. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. Grow. 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/). This press release contains forward-looking statements within the meaning of federal securities laws. Vincos B.I.G. Vinco Ventures Will Get a Boost from Its Upcoming Merger and - Insider For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. All rights reserved. BBIG stock should benefit from the Lomotif news and other catalysts. GDC Stock Alert: Why Is GD Culture Group Up 700% Today?
Early Pregnancy Unit Stoke Mandeville,
Payne V Tennessee Just Mercy,
Articles V
French 
English