Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. That could leave the stock significantly undervalued. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Nasdaq Thank you for time and support as a shareholder in Vinco. Strategy: Buy. RT=Real-Time, EOD=End of Day, PD=Previous Day. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.comswriters disclose this fact and warn readers of the risks. Back in January, it announced a reverse merger with a private media company called Zash Global Media. This was after the joint venture received the $2 million investment. ZASH And Vinco Ventures Reposition Management Teams Across All ZASH 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. Lomotif Platform is One of the Top Worldwide Social Video-Sharing Apps TodayDefinitive Agreement Gives ZASH Majority Controlling Interest. News / Events :: Vinco Ventures, Inc. (BBIG) News / Events Recent News View All News Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy April 25, 2023 Nasdaq staff determination. Until then, investors can follow the math that I described above. News / Events :: Vinco Ventures, Inc. (BBIG) 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. 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. It claims to have over 31 million monthly active users (MAUs). Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration CCV is the first. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 25 2021, Published 11:47 a.m. 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/). That is why they did a reverse merger with BBIG stock. Heres what you should know about Vinco Ventures and its stock moving forward. Why Vinco Ventures Stock Is Surging Higher Again Today Right now the company has 27.935 million shares outstanding, according to its last 10-Q. He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. Access your favorite topics in a personalized feed while you're on the go. 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. In addition, on Jun. However, the total number of shares that will be outstanding then is not easily determined yet. All forward-looking statements are qualified in their entirety by this cautionary statement. But once the stock rises over $4.00, most of its warrants can be exercised by the owners and the company will receive additional cash. 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. But dont count on that until August sometime. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surge higher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. This company is seen as a possible rival to TikTok. 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. As an attorney specializing in sports law, Jim handles all aspects of his clients legal needs, such as immigration, litigation, and matters involving both NFL and MLB Collective Bargaining Agreements. Grow. Vinco Ventures, Inc. Reports Financial Results for the "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. 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. With the partnerships ZASH has in place and has planned, said Yang, were a natural fit. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. swriters disclose this fact and warn readers of the risks. It is a short-form video platform, similar to TikTok. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. 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. 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. Now, BBIG stock also seems to be dependent on the closing of this merger. In addition, the company has done many warrant deals and issued many internal shares. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media Vinco Ventures, Inc. 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 . 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 Issues Letter to Shareholders Highlighting Value Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. 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. 25 Nov 2022. So investors are left with an extremely confusing reverse merger deal that has numerable potentially dilutive securities and tranches outstanding. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. Strategy: Buy. 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. Business. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. quotes delayed at least 15 minutes, all others at least 20 minutes. The number ranges from 0 to 100, with higher numbers indicating . 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. Innovate. The deal will close in Q3 of this year, but the record date is not yet set. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There It subsequently raised $100 million in cash. 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. A copy of the letter also appears on the Company's website and is disclosed . BBIG Stock News: Vinco Ventures Inc sheds another 5% but - FXStreet Strategy: Buy. Additionally, as of Mar. What is up with this? 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. Buy - Acquisitions is our model. 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. 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. 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. Copyright 2023 Surperformance. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Vinco Ventures Will Get a Boost from Its Upcoming Merger and Spinoff 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. We have also included a link to the new investor presentation for your review and consideration. About ZASH Global Media and Entertainment Corporation. 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. However, the problem here is that theres been very little information provided about the benefits of the upcoming merger with Zash Global Media. 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,. Innovate. For more information visit Investors.vincoventures.com. April 24, 2023 Upcoming Events View IR Calendar Annual Meeting of Stockholders Apr 27, 2023 10:00am EDT Email Alerts The company is also highly leveraged, holding over $8 million in debt on their books. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. 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. BETHLEHEM, Pa., June 24, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing . That would still represent 60.9% of its market cap. Innovate. We look forward to a new beginning and B.I.G. 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.
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