Vinco Ventures (NASDAQ:BBIG) is gearing up for a merger that will set it up as a rival to TikTok and shares of BBIG stock are dipping lower on Tuesday. What is up with this? Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq The company emphasized that it planned on closing the merger with Zash Global Media. 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. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Innovate. These statements can be identified by the fact that they do not relate strictly to historic or current facts. Thank you for time and support as a shareholder in Vinco. The following additional data further shows the Lomotif platforms dominant, global user traction and reach that ZASH believes demonstrates massive untapped value and Lomotifs potential growth: Lomotif Founder and Chief Executive Officer, Paul Yang, will continue to lead Lomotif upon completion of the acquisition. That entity creates and markets NFTs (non-fungible tokens). 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. Strategy: Buy. Market Activity CLOSE Market Activity Stocks Options Funds + ETFs Indexes. Vinco Ventures Inc. SEC filings breakout by MarketWatch. Vinco Ventures Has Closed Its Deal With Lomotif But the Details End There. 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. Plus, the company is still looking for a chief executive. 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. Vinco Ventures was the toptrending stock on Stocktwits at publication time. There were conflicting reports on Friday in regard to the share float size. 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. This is because when a reverse merger closes, along with a capital raise and potentially dilutive warrant issues, investors get confused about where the value of the stock is at present. 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. Merger target ZASH is set to acquire TikTok rival Lomotif. Its total installs surpass 225 million across the world and the app is available in more than 200 countries and 300 languages. Subject to regulatory and exchange approvals. 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. This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. It subsequently raised $100 million in cash. TIKTOK AND KUAISHOU RIVAL, LOMOTIF, SELLS TO ZASH :: Vinco Ventures Vinco Ventures, Inc. Reports Financial Results for the
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