Thats because these penny stocks are frequently the playground for scam artists and market manipulators. 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. TIKTOK AND KUAISHOU RIVAL, LOMOTIF, SELLS TO ZASH :: Vinco Ventures 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. 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. Back in February, Farnsworth and Ma took a controlling stake in Lomotif. 2023 InvestorPlace Media, LLC. All rights reserved. Strategy: Buy. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. 500 Linden Oaks Suite 300 Rochester, NY 14625 Forward-Looking Statements and Disclaimers. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. 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. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. In addition, the company has done many warrant deals and issued many internal shares. 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. A. 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. It has $100 million in cash (not including any prior cash). Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid Grow. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. 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. 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. 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,. There were conflicting reports on Friday in regard to the share float size. This press release contains forward-looking statements within the meaning of federal securities laws. In todays world of mass consumption of short-form content, we see Lomotifs addition to the ZASH family as an incredible opportunity to leverage our content in all formats and broaden our distribution platform worldwide.. I believe the majority of insider owners of Vinco Ventures probably know this point. Laurie Argall, VP of Branding and Media Content. Back in January, it announced a reverse merger with a private media company called Zash Global Media. US court blocks Penguin merger with rival publisher. Copyright For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. 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. 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. Copyright With substantial experience in the live shopping and digital commerce space, Mr. McFadden brings with him a wealth of industry knowledge and contacts. Innovate. 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. 25 2021, Published 11:47 a.m. For one, this joint venture with Vinco Ventures prior to the reverse merger allows shareholders in BBIG stock to participate in its growth. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid the Merger News, Starting off, Vinco Ventures is a mergers and acquisition company focused on digital commerce and consumer brands., The company announced earlier this year that it plans to merge with. That is why they did a reverse merger with BBIG stock. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. 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. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. "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. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. Companies that understand this and announce where things stand tend to trade closer to their underlying value. View the BBIG U.S. Securities and Exchange Commission reporting information. Strategy: Buy. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. When the merger between Vinco Ventures and ZASH closes, this will have Lomotif owned by a public company in the U.S. CCV is the first. Delayed Nasdaq That could leave the stock significantly undervalued. BBIG | Vinco Ventures Inc. SEC Filings | MarketWatch 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. Vinco Ventures (BBIG) and ZASH Complete Acquisition of Lomotif 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. Wednesday September, 15th marks an important date for Vinco Ventures shareholders. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. "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. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. 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. 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. What is up with this? In addition, the. Scotland business. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration Feb 27, 2023 2023 InvestorPlace Media, LLC. Innovate. It claims to have over 31 million monthly active users (MAUs). It is a short-form video platform, similar to TikTok. All told, you can look to see BBIG stock move higher as the merger and spinoff close. 1 Nov 2022. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. 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. Now, BBIG stock also seems to be dependent on the closing of this merger. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger. Vinco Ventures Issues Letter to Shareholders Highlighting Value These statements can be identified by the fact that they do not relate strictly to historic or current facts. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media.
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