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. Innovate. The problem we have is it is difficult to calculate the exact number of shares outstanding right now. 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. US court blocks Penguin merger with rival publisher. 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. 25 2021, Published 11:47 a.m. The deal will close in Q3 of this year, but the record date is not yet set. The company is also highly leveraged, holding over $8 million in debt on their books. On May 25, Vinco Ventures released its first-quarter earnings report. Innovate. There were conflicting reports on Friday in regard to the share float size. 2023 InvestorPlace Media, LLC. 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. 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. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. Another problem is that there is no disclosure of this third-party valuation. Copyright Additionally, as of Mar. 1125 N. Charles St, Baltimore, MD 21201. Forward-Looking Statements and Disclaimers. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? BBIG stock was down 7.5% as of Tuesday morning. Q. Through Lomotif, Vinco is poised to become one of the top global, pure-play video-sharing social networking platforms to be owned by a U.S. publicly traded company, competing with TikTok and. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Historically over 10 billion atomic clips (User Generated Content (UGC)) have been used to create more than 740+ million videos on the platform since its launch. 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. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Nasdaq This is the proxy record date for when shareholders will need to own BBIG . Zash aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. 4, the joint venture that Vinco formed with Zash Global Media invested $2 million into Lomotif. 9 Dec 2022. 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. They may be more interested in buying shares for themselves or for those that understand the underlying value before it becomes more well known. Feb 27, 2023 Lomotif is the leading video-sharing social networking platform that is democratizing video creation. SYRACUSE, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (Nasdaq Capital Market: BBIG), a technology company specializing in converting content to digital and social platforms . The closing of the Lomotif acquisition by ZASH is scheduled to occur concurrently with the closing of ZASHs merger and business combination with Vinco Ventures, Inc. (Vinco), which was previously announced in a joint press release in January 2021. ZASH. Ms. Argallstarted her career in social media monetization by building blogs for celebrities,having grown her network on Facebook to over 150 million fans with clients from Adalia Rose, BamMargeraand Joy of Mom. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. Innovate. Read More:Penny Stocks How to Profit Without Getting Scammed. quotes delayed at least 15 minutes, all others at least 20 minutes. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. Grow. 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. 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. Ted Farnsworth, the chairman and co-founder of ZASH Global Media and Entertainment, which merged with Vinco Ventures, said this to Benzinga on July 26. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. Vincos B.I.G. This was after the joint venture received the $2 million investment. Hopefully, more of this will become clearer once the company releases its upcoming 10-Q filing and associated press release. 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. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. 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. The number ranges from 0 to 100, with higher numbers indicating . Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. 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. 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,. (Buy. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. ZASH will focus Lomotif on an advertising model going forward, as well as other means of monetization over the next several months., Lomotif is a global platform with tremendous following in Asia and Latin America and together with ZASH, it will replicate that success in the US and other markets, said Jaeson Ma. That is why they did a reverse merger with BBIG stock. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance, or achievements. 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. 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. 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 . 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. 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. Vinco Ventures was the toptrending stock on Stocktwits at publication time. ZASH is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. Grow. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. All rights reserved. Additionally, a serial entrepreneur Brian will assist in identifying and targeting our acquisitions to ensure for long term growth and scale. 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. 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. 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. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts Moreover, Farnsworth and his partner Ma control Lomotif. ", 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. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Grow - More targeted traffic equals more conversions. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. 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. 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. However, BBIG stock is languishing around $3.28. What LoMo brings to the table in this regard is completely unknown. 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. 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. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. 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. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. 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. 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. Investors . It claims to have over 31 million monthly active users (MAUs). Jun 24, 2021, 08:30 ET. 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. Strategy: Buy. 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. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. Investment bank BTIG represented ZASH on the buy side of the transaction. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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. However, the total number of shares that will be outstanding then is not easily determined yet. The company emphasized that it planned on closing the merger with Zash Global Media. 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. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. Vincos B.I.G. What is up with this? If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. ET For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. 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. That could leave the stock significantly undervalued. 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. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction.