The company is also highly leveraged, holding over $8 million in debt on their books. He is known for his in-depth knowledge of the business of sports and trusted, long-standing relationships with coaches, executives and other personnel throughout the leagues. What is up with this? Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. 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. 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. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Vincos B.I.G. Nominated as a Board Member. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq 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. Vinco Ventures was the toptrending stock on Stocktwits at publication time. Merger target ZASH is set to acquire TikTok rival Lomotif. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. For more information, please view Vincosinvestor presentationor visitInvestors.vincoventures.com. 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. All rights reserved. 31, it has. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Tier 1 brand acquisitions generate $20M+ in top line revenue. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. The shares of Vinco Ventures lost 5% but managed to defend the $6 mark at the close. Grow. Zash Global Media is the brainchild of the media disrupter and financier Ted Farnsworth. For more information visit Investors.vincoventures.com. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. It subsequently raised $100 million in cash. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. All forward-looking statements are qualified in their entirety by this cautionary statement. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. 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. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. Grow.) So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. 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). 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. Grow - More targeted traffic equals more conversions. -, 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). Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. 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. That may allow the company to raise additional capital and help fund its growth. Companies that understand this and announce where things stand tend to trade closer to their underlying value. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. BBIG stock should benefit from the Lomotif news and other catalysts. 1125 N. Charles St, Baltimore, MD 21201. 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 Grow.) 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. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. This is likely based on Lomotif, which will change its name to LoMo soon. Vinco is poised to leverage the new market opportunity by utilizing their B.I.G. 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. Market Data copyright 2023 QuoteMedia. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. That could help boost BBIG stock especially if it leads to a new cash raise. Vinco Ventures, Inc. (BBIG), a consumer products and digital marketing company which aims to advance both product and people brand recognition through our digital marketing and technology platform while reshaping how those are monetized and marketed. 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. 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. Vinco Ventures Issues Letter to Shareholders Highlighting 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. 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. 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.