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. View the BBIG U.S. Securities and Exchange Commission reporting information. T: 866-900-0992 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. Companies that understand this and announce where things stand tend to trade closer to their underlying value. This was after the joint venture received the $2 million investment. Strategy: Buy. Jun 24, 2021, 08:30 ET. 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. I believe the majority of insider owners of Vinco Ventures probably know this point. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The co-founders of ZASH behind this deal are former. Grow. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration However, the total number of shares that will be outstanding then is not easily determined yet. 2023 InvestorPlace Media, LLC. This is the proxy record date for when shareholders will need to own BBIG . 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. See disclosure here. Nasdaq 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. 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. 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. ZASH. Buy - Acquisitions is our model. We will seek to acquire significant brands to continue to add to the Portfolio. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. 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. The company is also highly leveraged, holding over $8 million in debt on their books. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. Forward-Looking Statements and Disclaimers. Not an offer or recommendation by Stocktwits. Innovate. Vinco Ventures (BBIG) and ZASH Complete Acquisition of Lomotif quotes delayed at least 15 minutes, all others at least 20 minutes. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. That may allow the company to raise additional capital and help fund its growth. The following updates have been provided. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. 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. Grow. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Grow.) However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. The company emphasized that it planned on closing the merger with Zash Global Media. 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). The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. That would still represent 60.9% of its market cap. It has $100 million in cash (not including any prior cash). Finance, the cash represents 74.1% of its market value. 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. Once identified, we scale while maintaining conversions for success. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. 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. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. The deal will close in Q3 of this year, but the record date is not yet set. Edison Nation, Inc. announces the closing of a Merger Lomotif is a TikTok rival based out of Singapore. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Vincos B.I.G. That is about the same as its cash per share (after $10 million in deal expenses). today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. 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. things in 2021. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. Nasdaq 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. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. 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. That is why they did a reverse merger with BBIG stock. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. This press release contains forward-looking statements within the meaning of federal securities laws. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Now, BBIG stock also seems to be dependent on the closing of this merger. The problem we have is it is difficult to calculate the exact number of shares outstanding right now. This is because when a reverse merger closes, along with a capital raise and potentially dilutive warrant issues, investors get confused about where the value of the stock is at present. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. ", Read more: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. For more information, please view our investor presentation or visit Investors.vincoventures.com. 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. 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. Such statements and the other forward-looking statements in this press release reflect the current view of ZASH with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to ZASH and Lomotifs industries, operations and results of operations and any businesses that may be acquired by ZASH. -, 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). Until then, investors can follow the math that I described above. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. It was also on the press release for the merger closing. Innovate. Merger target ZASH is set to acquire TikTok rival Lomotif. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . 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. Vinco Ventures, Inc. (BBIG) Latest Press Releases & Corporate News 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. Vincos B.I.G. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. Copyright ZASH And Vinco Ventures Reposition Management Teams Across All ZASH Vinco Ventures: Social Networking Powerhouse In The Making 31, it has just . With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff (Buy. Terms of Use. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00.
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