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. Stay informed and receive company updates straight to your inbox. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? 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. Strategy: Buy. 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. But there isnt enough financial clarity to properly value BBIG stock. Additionally, as of Mar. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. 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. 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 . Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. 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. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. 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. 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. The average session volume is about 18.5million. The company emphasized that it planned on closing the merger with Zash Global Media. Since BBIG stock has a. 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. So, they appear to have milked $2 million out of Vinco Ventures in advance of the merger. 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. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. 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. Grow. 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. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. 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. This means its market cap, if there are still only 27.935 million shares outstanding, is only $91.6 million. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. 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. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Market Data copyright 2023 QuoteMedia. Market Data powered by QuoteMedia. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. 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. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. 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.. BBIG stock was down 7.5% as of Tuesday morning. 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. That is about the same as its cash per share (after $10 million in deal expenses). Right now the company has 27.935 million shares outstanding, according to its last 10-Q. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. It is a short-form video platform, similar to TikTok. In addition, the company has done many warrant deals and issued many internal shares. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. We will seek to acquire significant brands to continue to add to the Portfolio. We have also included a link to the new investor presentation for your review and consideration. Nasdaq For more information, please view our investor presentation or visit Investors.vincoventures.com. 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. Certain statements in this announcement are forward-looking statements which are based on the Companys expectations, intentions and projections regarding the Companys future performance, anticipated events or trends and other matters that are not historical facts, including expectations regarding: (i) the Companys long-term targets, goals and strategies; (ii) the expected benefits of the Companys focus on digital monetization; (iii) the future impact of the preemptive actions the Company took in response to the COVID-19 pandemic coupled with its cash flow generation and balance sheet and liquidity profile; (iv) the Companys strategies for each of its segments, including its focus on recurring revenue, its balance sheet and variable cost structure, and the opportunities in the industries the Company serves; (v) the Companys positioning for future growth and its ability to optimize performance of existing businesses, pursue its disciplined acquisition strategy and effectively manage its capital structure; (vi) the fragmentation of the markets in which the Company operates, the acquisition opportunities in those markets, the Companys intent to continue to explore opportunistic acquisitions and the Companys capacity to absorb additional acquisitions; (vii) certain expected 2020 financial results, including the Companys updated guidance for 2020, the assumptions it made and the drivers contributing to its guidance; (viii) the Companys flexibility to capitalize on the current environment and invest in potential strategic opportunities; and (ix) the impacts of the COVID-19 pandemic on the future operating and financial performance of the Company and its customers, the Companys plans and strategies to adapt and respond to the pandemic and the expected impact of those plans and strategies. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. Nasdaq Adding to this is news today that ZASH plans to acquire a majority stake in. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. By Ruchi Gupta Jun. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. On May 25, Vinco Ventures released its first-quarter earnings report. A copy of the letter also appears on the Company's website and is disclosed . 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. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts 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. 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. 31, it has just . 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 (. 2023 InvestorPlace Media, LLC. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. That entity creates and markets NFTs (non-fungible tokens). Innovate. Vincos B.I.G. The following updates have been provided. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. 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. All rights reserved. 31, it has. Read More:Penny Stocks How to Profit Without Getting Scammed. Terms of Use. Grow.) Grow. All rights reserved. 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. today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Plus, the company is still looking for a chief executive. 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. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. 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. 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. 1125 N. Charles St, Baltimore, MD 21201. For more information visit Investors.vincoventures.com. 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. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Additionally, as of Mar. That may allow the company to raise additional capital and help fund its growth. investors@vincoventures.com, Vinco Ventures, Inc., Investor Relations T: +1-866-900-0992 investors@vincoventures.com, Nevada Agency and Transfer Company Tiffany Baxter 50 W. Liberty Street Suite 880 Reno, NV 89501 T: +1-775-322-0626.
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