Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. Copyright 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. 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. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. The average session volume is about 18.5million. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. 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. 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 . What is up with this? All rights reserved. For more information, please view our investor presentation or visit Investors.vincoventures.com. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. US court blocks Penguin merger with rival publisher. (Buy. Business. 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. In addition, the Company entered into transactions with Honey Badger Media, LLC whereby in return for the payment of the consideration as set forth below, the Company receives the following: In todays marketplace for consumer product companies, the digital shelf dominates as the core channel for brand growth and sustainability. Heres everything potential investors need to know about the company and its upcoming merger plans. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. Scotland business. The platform is fun and engaging and its features are unique and innovative. It claims to have over 31 million monthly active users (MAUs). Apr 20, 2023 Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders Apr 17, 2023 VINCO VENTURES SEES MORE THAN 30% INCREASE IN DAILY REVENUE FROM BETA TEST OF NEW AND EXCLUSIVE USER-GENERATED CONTENT PLATFORM Mar 13, 2023 Ban of TikTok in United States Mar 2, 2023 Nasdaq staff determination. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Trading volume for Vinco Ventures exploded after the deal to a record 59.9 million shares, compared with an average volume over the past 30 days of just 214,000 shares. Subject to regulatory and exchange approvals. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. Recently, on May 24, the company also raised an additional $5.74 million from an accredited investor through the exercise of existing warrants in BBIG stock. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. The co-founders of ZASH behind this deal are former. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. The following updates have been provided. This was after the joint venture received the $2 million investment. Grow. Grow - More targeted traffic equals more conversions. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. I believe the majority of insider owners of Vinco Ventures probably know this point. Altogether, this deal will allow the company to cover its losses and expand its business. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. 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. However, the total number of shares that will be outstanding then is not easily determined yet. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. The company emphasized that it planned on closing the merger with Zash Global Media. COVID-19 has created both opportunity and a considerable amount of uncertainty across many markets including the sourcing and sale of Personal Protective Equipment. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff. 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. (Buy. Companies that understand this and announce where things stand tend to trade closer to their underlying 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. Strategy: Buy. Innovate. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. A. When used in this presentation the words estimate, expect, intend, believe, plan, anticipate, projected and other words or the negative of these terms and similar expressions as they relate to the company or the companys management identify forward-looking statements. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. Buy - Acquisitions is our model. About ZASH Global Media and Entertainment Corporation. 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. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. 9 Dec 2022. Copyright 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. 20 Million unique Sessions of unpaid traffic in one day to a directed page, 150 Million Unique visitors to owned/controlled domains a month, Generated traffic for brands ranging from travel, CBD, Credit Repair, skin cream, mens health, wrinkle cream, diet, muscle building. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! 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/). All rights reserved. Strategy: Buy. Grow. Another problem is that there is no disclosure of this third-party valuation. The number ranges from 0 to 100, with higher numbers indicating . 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. What LoMo brings to the table in this regard is completely unknown. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. Grow.) See disclosure here. It is a short-form video platform, similar to TikTok. 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. BBIG Vinco Ventures Inc 70,736 Watch $0.1832 $0.0164 (9.83%) Today $0.18 0.0021 (1.15%) After Hours Market Cap $45.61M Volume (M) 6.81M 52-Wk High $2.35 52-Wk Low $0.15 About Feed Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. The company is also highly leveraged, holding over $8 million in debt on their books. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. Tier 1 brand acquisitions generate $20M+ in top line revenue. Copyright 2023 Surperformance. 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. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. 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. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. Innovate Leverage the internal traffic platforms of Honey Badger and Social Pulse Media, our brands are able to quickly innovate and determine the highest conversion traffic and target accordingly. 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. 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 (. James Ulrich, Esq. But there isnt enough financial clarity to properly value BBIG stock. 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,. 2023 InvestorPlace Media, LLC. swriters disclose this fact and warn readers of the risks. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. 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. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. It has $100 million in cash (not including any prior cash). 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. Once the reverse merger closes, for all intents and purposes, Vinco Ventures will be the public parent company of Lomotif. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Lomotif is a TikTok rival based out of Singapore. Stay up to speed with hot stocks' news! 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. Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. 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 ). Vinco Ventures was the toptrending stock on Stocktwits at publication time. (Buy. Terms of Use. Market Data copyright 2023 QuoteMedia. The stock was up57.20% at $8.32 at publication time. 1125 N. Charles St, Baltimore, MD 21201. When used in this presentation the words "estimate," "expect," intend," believe," plan," "anticipate," "projected" and other words or the negative of these terms and similar expressions as they relate to ZASH or ZASHs management identify forward-looking statements. A copy of the letter also appears on the Company's website and is disclosed . The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. 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. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Nominated as a Board Member. This press release contains forward-looking statements within the meaning of federal securities laws. That may allow the company to raise additional capital and help fund its growth. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. Innovate. T: 866-900-0992 Strategy of one acquisition per Quarter: $17M. View the BBIG U.S. Securities and Exchange Commission reporting information. Vinco Ventures Inc. SEC filings breakout by MarketWatch. 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. Syracuse, NY, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (Nasdaq: BBIG) ("Vinco Ventures," "Vinco," or the "Company"), a digital media and content technologies company,. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. 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. Strategy: Buy. Back in January, it announced a reverse merger with a private media company called Zash Global Media. It subsequently raised $100 million in cash. 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. This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. Vincos B.I.G. 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. 31, it has just . Until then, investors can follow the math that I described above. 1125 N. Charles St, Baltimore, MD 21201. This is likely based on Lomotif, which will change its name to LoMo soon. "We utilize data, metadata, and the IoT [Internet of Things] to meet the ever-changing engagement and content demands of content developers, consumers, and creators," said Vince Butta, ZASH co-founder. 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. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million. Since BBIG stock has a. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. 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. 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. Market Data powered by QuoteMedia. On May 25, Vinco Ventures released its first-quarter earnings report. Vincos B.I.G. "The Company's proprietary Influencer Platform led to over 2 billion video views within a 30-day period. Vinco Ventures, Inc. We look forward to a new beginning and B.I.G. It was also on the press release for the merger closing. Lomotif, a video and social platform similar to TikTok, lets users share short music videos. It has become increasingly popular in Asia, Europe and South America, apparently growing by over 350 million videos per month. 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. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. (Buy. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 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. Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. BBIG stock was down 7.5% as of Tuesday morning. That would still represent 60.9% of its market cap. In addition, the combined company plans on acquiring another company called Lomotif through a joint venture that Vinco and Zash have formed pre-merger. Innovate. But dont count on that until August sometime. 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. In response, we have adjusted our corporate guidance in the PPE space from fiscal year 2020 to include the initial two quarters of 2021 to allow sufficient time for delivery. For more information visit Investors.vincoventures.com. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. 2023 InvestorPlace Media, LLC. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. Jun 24, 2021, 08:30 ET. 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. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. 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. Then, on Jun. Forward-Looking Statements and Disclaimers. 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. Grow. 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. Forward-Looking Statements and Disclaimers. This is the proxy record date for when shareholders will need to own BBIG . The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. Vinco Ventures (NASDAQ:BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. Now, BBIG stock also seems to be dependent on the closing of this merger. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/bbig-stock-10-things-to-know-about-tiktok-rival-vinco-ventures-amid-the-merger-news/. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands.
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