The company is also highly leveraged, holding over $8 million in debt on their books. ZASH believes that Lomotif is one of the fastest growing video-sharing social networking platforms in its category over the last three years and in Asia, Europe and South America, Lomotif has increased its average monthly community by over 400 percent in this time span. The platform is fun and engaging and its features are unique and innovative. We have also included a link to the new investor presentation for your review and consideration. Forward-Looking Statements and Disclaimers. That could leave the stock significantly undervalued. 9 Dec 2022. BBIG stock should benefit from the Lomotif news and other catalysts. 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 ). BBIG - Short Interest - Vinco Ventures Inc Stock - Short Squeeze Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Palladium Capital Group, LLC served as advisor to Vinco, on the capital raise to fund the transaction. In addition, the. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! 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. 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. Grow.) The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. Forward-Looking Statements and Disclaimers. However, BBIG stock is languishing around $3.28. Nominated as a Board Member. 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. On May 25, Vinco Ventures released its first-quarter earnings report. 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. 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. 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,. It subsequently raised $100 million in cash. Vinco trades at around $6.40 per share, giving the company a market cap of some $92 million.
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