vinco ventures merger news

By coupling these two principles together we scale quickly and profitably. ", 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. All told, you can look to see BBIG stock move higher as the merger and spinoff close. Innovate. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Grow. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. 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. Vinco Ventures has provided zero financial information including their present revenues about their financial prospects going forward. 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. The market does not want to provide a huge valuation to a company that may be burning through $100 million a month or a quarter. Pursuant to the Agreement, Vinco merged with and into the Company with the resultant new Company name being Vinco. I believe the majority of insider owners of Vinco Ventures probably know this point. Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. The following updates have been provided. quotes delayed at least 15 minutes, all others at least 20 minutes. Strategy: Buy. 9 Dec 2022. Vinco Ventures was the toptrending stock on Stocktwits at publication time. View the BBIG U.S. Securities and Exchange Commission reporting information. Market Data copyright 2023 QuoteMedia. 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. 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. Ms. Argall currently owns and operates a successful social media network of influencers, content creators and celebrities. On the date of publication, Mark Hake did not have (either directly or indirectly) any positions in the securities mentioned in this article. Bethlehem, PA, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Chris Ferguson, Chief Executive Officer of Vinco Ventures, Inc. (NASDAQ: BBIG), today issued a letter to the Company's shareholders commenting on the Company's recent merger agreement, name change, strategic path forward, 2021 outlook and key PPE related developments. 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. swriters disclose this fact and warn readers of the risks. 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. Apr 20, 2023 Vinco Ventures Executive Chairman Rod Vanderbilt Issues Letter to Shareholders Apr 17, 2023 VINCO VENTURES SEES MORE THAN 30% INCREASE IN DAILY REVENUE FROM BETA TEST OF NEW AND EXCLUSIVE USER-GENERATED CONTENT PLATFORM Mar 13, 2023 Ban of TikTok in United States Mar 2, 2023 Nasdaq staff determination. Forward-Looking Statements and Disclaimers. 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). 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. On May 25, Vinco Ventures released its first-quarter earnings report. See disclosure here. The stock was up57.20% at $8.32 at publication time. Edison Nation, Inc. (the "Company") is pleased to announce the closing of a Merger Agreement (the "Agreement") with Vinco Ventures, Inc. and its wholly owned subsidiary, Honey Badger Media . That entity creates and markets NFTs (non-fungible tokens). Wednesday September, 15th marks an important date for Vinco Ventures shareholders. 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 aims to build a "virtual Hollywood" with its proprietary platform where it can help influencers and content creators expand their brands. This will have ZASH becoming a publicly-traded company as the majority shareholder of BBIG stock. 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 ). 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. 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. 31, it has just . 500 Linden Oaks Suite 300 Rochester, NY 14625 Zash is a digital media company focused on creating a "virtual Hollywood" for influencers and content creators. 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. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. 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. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. strategy will seek out acquisition opportunities that are poised for scale and grow said acquisitions through targeted traffic and content campaigns. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. 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. I have found in the past that companies that clearly announce how many shares are presently outstanding fare better. With our internal engines, we are able to expedite growth of our acquired brands to reach their target numbers quicker. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours. 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. 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. 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. 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. Copyright 2023 Surperformance. Mr. McFadden currently operates a consulting company focused on business development in the digital direct to consumer space. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. Plus, the company is still looking for a chief executive. What is up with this? 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. 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. BETHLEHEM, Pa., Oct. 20, 2021 /PRNewswire/ -- Vinco Ventures (NASDAQ: BBIG) / - Vinco Ventures and ZASH update: One of the first courses of action of the new Vinco Venture board is to change the . Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. On May 25, Vinco Ventures released its first-quarter earnings report. Heres what you should know about Vinco Ventures and its stock moving forward. Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. But dont count on that until August sometime. Vinco Ventures (BBIG) has been one of the most explosive stocks over the last 3 weeks, rising from about $2 to over $12 at its recent high. What LoMo brings to the table in this regard is completely unknown. Sausage-skin maker agrees to 540m takeover. (Buy. Business. 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. BBIG stock should benefit from the Lomotif news and other catalysts. Read More:Penny Stocks How to Profit Without Getting Scammed. 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. Edison Nation, Inc. (the Company) is pleased to announce the closing of a Merger Agreement (the Agreement) with Vinco Ventures, Inc. and its wholly owned subsidiary, Honey Badger Media, LLC (collectively referred to as Vinco). 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. Q. According to the company's most recent SEC filings, Vinco lost $0.30 per share in the third quarter of 2020 on revenues of just $4.2 million. Innovate. Until then, investors can follow the math that I described above. Lastly, and more importantly, we dont know how much revenue LoMo and/or Zash Global Media make. Moreover, Farnsworth and his partner Ma control Lomotif. Then, on Jun. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. 1125 N. Charles St, Baltimore, MD 21201. Vinco Ventures Issues Letter to Shareholders Highlighting Value-Enhancing Strategy. For more information, please view our investor presentation or visit Investors.vincoventures.com. ET 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. Since BBIG stock has a. About ZASH Global Media and Entertainment Corporation. However, BBIG stock is languishing around $3.28. 1125 N. Charles St, Baltimore, MD 21201. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-has-closed-deal-with-lomotif-but-details-end-there/. Grow. 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. 24, Vinco Ventures said it would spin out Emmersive Entertainment to its shareholders as a standalone public company. 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. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! today announced an update to the ZASH Global Media and Entertainment (ZASH) merger and Lomotif acquisition. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/bbig-stock-10-things-to-know-about-tiktok-rival-vinco-ventures-amid-the-merger-news/. Not an offer or recommendation by Stocktwits. This press release contains forward-looking statements within the meaning of federal securities laws. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Innovate. 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 . 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. 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. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. The average session volume is about 18.5million. 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. Updated Guidance for 2020 for Edison Nation and Edison Nation Medical and PPE performance. Merger target ZASH is set to acquire TikTok rival Lomotif. "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. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. Buy - Acquisitions is our model. The company emphasized that it planned on closing the merger with Zash Global Media. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. ZASH Global Media and Entertainment Corporation is an evolving network of synergetic companies working together to disrupt the media and entertainment industry as we know it today. The deal will close in Q3 of this year, but the record date is not yet set. Mr. McFaddens company has been successful in launching several direct-to-consumer products for both internal concepts as well as Fortune 500 companies. Vinco Ventures, Inc. For Vinco Ventures, the ZASH deal represents a new opportunity to get out of the hole financially. 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. See Also: EXCLUSIVE: Vinco Ventures Merger Partner ZASH Global Media Is Building Content, Gearing Up For Merger. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vincos B.I.G. Market Data powered by QuoteMedia. Scotland business. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. For example, in Q1 Vincos cash flow from operations was a loss of $4.14 million, according to Page 8 of its latest 10-Q filing. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. On May 25, Vinco Ventures released its first-quarter earnings report. 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. 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. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. 2023 InvestorPlace Media, LLC. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There. Altogether, this deal will allow the company to cover its losses and expand its business. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. 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. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASHs website atwww.zash.global. Additionally, as of Mar. For more information visit Investors.vincoventures.com. Subject to regulatory and exchange approvals. Vinco Ventures Inc (BBIG) Stock Price Today, News, Quotes, FAQs and Fundamentals 3rd Party Ad. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Innovate. Laurie Argall, VP of Branding and Media Content. Grow. This is the proxy record date for when shareholders will need to own BBIG . 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. This was after the joint venture received the $2 million investment. The upbeat risk tone on Wall Street indices failed once again to offer any respite to BBIG stock. 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/). 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 . A. However, the total number of shares that will be outstanding then is not easily determined yet. 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. Zash also includes two other media figures, including an early investor in TikTok and Triller Jaeson Ma and social monetization expert Vincent Butta. Investment bank BTIG represented ZASH on the buy side of the transaction. 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.. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bbig-stock-will-get-boost-upcoming-merger-spinoff/. BBIG remains one of the most shorted stocks in the. T: 866-900-0992 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. 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. These statements can be identified by the fact that they do not relate strictly to historic or current facts. It subsequently raised $100 million in cash. Stay up to speed with hot stocks' news! Vinco Ventures, Inc. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule .. Vinco Ventures, Inc. It has $100 million in cash (not including any prior cash). 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. Many consumer product brands are struggling with this reality and have failed to focus on the importance of the digital shelf. Feb 27, 2023 That may allow the company to raise additional capital and help fund its growth. This company is seen as a possible rival to TikTok. Copyright It claims the LoMo deal value is $5 billion, but there is hardly any financial info to confirm this. quotes delayed at least 15 minutes, all others at least 20 minutes. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Strategy of one acquisition per Quarter: $17M. 31, it has just $5.5 million in cash and $1.68 million in receivables and is also running steep cash flow losses. As the third step in our business, its the result of proper execution of our acquisition strategy and efficient innovation. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. Nasdaq US court blocks Penguin merger with rival publisher. 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. Finance, the cash represents 74.1% of its market value. ZASH. 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. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses.

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