vinco ventures merger news

31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. quotes delayed at least 15 minutes, all others at least 20 minutes. This is likely based on Lomotif, which will change its name to LoMo soon. View the BBIG U.S. Securities and Exchange Commission reporting information. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. Acquisitions are our model. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Companies that understand this and announce where things stand tend to trade closer to their underlying value. Once identified, we scale while maintaining conversions for success. Vinco Ventures, Inc. Reports Financial Results for the 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. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. Vincos B.I.G. Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. But dont count on that until August sometime. Back in January, it announced a reverse merger with a private media company called Zash Global Media. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Nasdaq It subsequently raised $100 million in cash. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. ZASH. Terms of Use. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. Bethlehem, PA and Singapore, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG)ZASH Global Media and Entertainment Corporation (ZASH), the entertainment industry disrupter led by co-founders Ted Farnsworth, financier and former MoviePass Chairman, early Musical.ly (now TikTok) investor Jaeson Ma, and early Triller visionary and board member, Vincent Butta, has entered into a definitive agreement to acquire a majority controlling interest in Lomotif Private Limited (Lomotif), the Singapore-based top video-sharing social networking platform and budding rival to TikTok, and Kuaishou (1024.HK on the Hong Kong Stock Exchange). Vinco Ventures Will Get a Boost from Its Upcoming Merger and - Insider (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 . ZASH believes that Lomotif is one of the fastest growing video-sharing social networking platforms in its category over the last three years and in Asia, Europe and South America, Lomotif has increased its average monthly community by over 400 percent in this time span. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. 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. Market Data powered by QuoteMedia. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. Innovate. 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. 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). Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. 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. Forward-Looking Statements and Disclaimers. Edison Nation, Inc. announces the closing of a Merger 500 Linden Oaks Suite 300 Rochester, NY 14625 Vinco Ventures (BBIG) and ZASH Complete Acquisition of Lomotif Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. 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. We will seek to acquire significant brands to continue to add to the Portfolio. Strategy: Buy. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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/). Thank you for time and support as a shareholder in Vinco. 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. Why Vinco Ventures Stock Is Surging Higher Again Today 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. The deal will close in Q3 of this year, but the record date is not yet set. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. 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. Note: The revenue guidance above does not include sales related to the Cloud B brand as currently those assets are being negotiated for sale and further the estimated revenue related to PPE supplies are anticipated to be recognized on a net revenue basis without including the costs of the shipped products. BBIG remains one of the most shorted stocks in the. It has $100 million in cash (not including any prior cash). Innovate. 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,. That entity creates and markets NFTs (non-fungible tokens). Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners' content. 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. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Then, on Jun. Subject to regulatory and exchange approvals. That would still represent 60.9% of its market cap. See disclosure here. Driving traffic to her websitesin excess ofover150 million unique visitors monthly,Ms. Argallhas a unique ability to identify what will trend on social media and go viral. Innovate. 1125 N. Charles St, Baltimore, MD 21201. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. -, 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). All rights reserved. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. News / Events :: Vinco Ventures, Inc. (BBIG) News / Events Recent News View All News Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy April 25, 2023 Nasdaq staff determination. Grow.) The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. 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. 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. CCV is the first. Nasdaq 2023 InvestorPlace Media, LLC. 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. 86% of retail CFD accounts lose money, Dear BBIG Stock Fans, Mark Your Calendars for April 27. In addition, on Jun. Grow. Nasdaq Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. 25 2021, Published 11:47 a.m. 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. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. Strategy: Buy. Vinco Ventures Issues Letter to Shareholders Highlighting Value Plus, the company is still looking for a chief executive. This company is seen as a possible rival to TikTok.

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