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. 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). 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. Innovate. This company is seen as a possible rival to TikTok. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. Nasdaq Scotland business. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. But dont count on that until August sometime. Innovate. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. Grow.) 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. It's wise to avoid BBIG stock, as Vinco Ventures is invested in an app with heavy competition from famous brands. "The merger with ZASH and the resulting combined entity provides current and prospective business partners with the assurance of our ability to scale our production and creative services to meet their growing content creation and distribution needs," said Vinco Chief Strategy Officer Brian McFadden. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Bethlehem, P.A., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media merger and acquisitions company, today announced results for the second quarter ended. 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. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Jun 24, 2021, 08:30 ET. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Vinco and ZASH intend to acquire Lomotif Private Limited (. 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. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. 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,. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. The company is also highly leveraged, holding over $8 million in debt on their books. (Buy. Vincos B.I.G. I believe the majority of insider owners of Vinco Ventures probably know this point. 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. Investor Relations :: Vinco Ventures, Inc. (BBIG) Latest News VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO Apr 20, 2023 View All News Upcoming Events Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT View All Events Latest Financial Results Q3 2022 I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. 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. 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. This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. Innovate. Heres what you should know about Vinco Ventures and its stock moving forward. 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 ). 1 Nov 2022. However, BBIG stock is languishing around $3.28. Strategy of one acquisition per Quarter: $17M. This was after the joint venture received the $2 million investment. Copyright 500 Linden Oaks Suite 300 Rochester, NY 14625 Then, on Jun. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. The Vinco target brand acquisitions will be segmented into 3 Tiers: INNOVATE: The core brands for Vinco will leverage the digital traffic platforms of Pop Nation and Honey Badger. The stock price for Vinco Ventures ( NASDAQ: BBIG) is $ 0.2339 last updated Today at April 25, 2023 at 8:00 PM UTC. 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. Forward-looking statements include, among others, statements concerning or implying future financial performance, anticipated product performance and functionality of ZASHs products or products incorporating ZASHs products, and industry trends and growth opportunities affecting ZASH. 2023 InvestorPlace Media, LLC. Copyright BBIG Stock Alert: Vinco Ventures Misses KEY Nasdaq Deadline, BBIG Stock Alert: Vinco Ventures Assigns New CEO, Short Interest Sector Focus: Consumer Cyclical Sector, VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO, Vinco Ventures bounces off its low after CEO announcement while traders eye court case, Registration on or use of this site constitutes acceptance of our. All rights reserved. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. 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. 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. About ZASH Global Media and Entertainment Corporation. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. 1125 N. Charles St, Baltimore, MD 21201. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. US court blocks Penguin merger with rival publisher. The media and entertainment team led by Tom K. Ara and including Patrick Anding at law firm DLA Piper LLP negotiated and advised ZASH on the Lomotif deal and are also advising ZASH in its merger with Vinco. Vinco Ventures (BBIG) stock is in focus as investors try to assess its prospects before the Zash merger and amid a unit spin-off. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. On May 25, Vinco Ventures released its first-quarter earnings report. Thank you for time and support as a shareholder in Vinco. To make matters even more confusing, the company claims a third-party valuation puts the value of Lomotif at $5 billion. things in 2021. However, the total number of shares that will be outstanding then is not easily determined yet. Grow. 31, it has just . Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. 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. air force msc commissioning program requirements, mohawk pine laminate flooring,