Nominated as a Board Member. What LoMo brings to the table in this regard is completely unknown. Strategy: Buy. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Bethlehem, P.A., May 25, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media merger and acquisitions company, today announced results for the three months ended March 31 . (Buy. 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). Market Data copyright 2023 QuoteMedia. Strategy: Buy. On May 25, Vinco Ventures released its first-quarter earnings report. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. To make matters even more confusing, the company claims a third-party valuation puts the value of Lomotif at $5 billion. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. For more information visit Investors.vincoventures.com. Since BBIG stock has a. Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. 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. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. 500 Linden Oaks Suite 300 Rochester, NY 14625 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. Buy - Acquisitions is our model. 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. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. 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. Moreover, Farnsworth and his partner Ma control Lomotif. 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. Grow.) 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. That is about the same as its cash per share (after $10 million in deal expenses). Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. Until then, investors can follow the math that I described above. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. "The Company's proprietary Influencer Platform led to over 2 billion video views within a 30-day period. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. 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. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Plus, the company is still looking for a chief executive. Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. Terms of Use. While we were initially excited regarding the confirmed orders that we received, we have realized that the supply side of the industry is unable to keep up with the current global demand. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 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 . 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 ). Additionally, as of Mar. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. 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. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. Thank you for time and support as a shareholder in Vinco. Innovate. However, BBIG stock is languishing around $3.28. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Plus500. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. 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. This is the proxy record date for when shareholders will need to own BBIG . Market Data powered by QuoteMedia. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. 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. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. 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. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. For more information, please view our investor presentation or visit Investors.vincoventures.com. 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/). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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.. By Ruchi Gupta Jun. 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. 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. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. T: 866-900-0992 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. 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. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. 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. 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 . 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. 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.
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