Vinco Ventures Leverages Joint Enterprise to Pursue Lomotif Acquisition in Advance of ZASH World Media and Leisure Merger
Bethlehem, PA, Might 28, 2021 (GLOBE NEWSWIRE) — Vinco Ventures, Inc. (NASDAQ: BBIG) a pacesetter in selective acquisitions leveraging new market alternatives by using the B.I.G. Technique: Purchase. Innovate. Develop. in the present day introduced an replace to the ZASH World Media and Leisure (ZASH) merger and Lomotif acquisition. The next updates have been offered.
- Vinco and ZASH intend to accumulate Lomotif Personal Restricted (“Lomotif”) by means of their three way partnership, ZVV Media Companions, LLC (the “Joint Enterprise”);
- The events have accomplished an Amended and Restated Restricted Legal responsibility Firm Settlement for the Joint Enterprise in preparation for the anticipated acquisition of Lomotif by means of the Joint Enterprise;
- Gemini Valuation Companies will full and current to Vinco an impartial third-party valuation on ZASH on or earlier than June 11, 2021;
- The events intend to signal a ultimate Settlement and Plan of Merger and Reorganization on or earlier than June 24, 2021; and
- Topic to regulatory and alternate approvals. the events intend to situation a proper proxy to the Vinco shareholders for the approval of the ZASH merger with Vinco on or earlier than July 15, 2021.
About Vinco Ventures, Inc.
Vinco Ventures, Inc. (BBIG) is a selective acquisitions firm targeted on digital media and content material applied sciences. Vinco’s B.I.G. (Purchase. Innovate. Develop.) Our technique is searching for out acquisition alternatives which can be poised for scale and can BE BIG. For extra info go to Investors.vincoventures.com.
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