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Palladium Capital Group Serves as Financial Advisor to Enveric Biosciences (NASDAQ: ENVB) in Their Plans to Spin-off Cannabinoid Pipeline

Post Date: May. 11, 2022

New York, NY, May 11, 2022 – Palladium Capital Group, LLC today announced that it served as financial advisor to Enveric Biosciences (NASDAQ: ENVB) (“Enveric” or the “Company”) in the following anticipated transaction. Enveric, a neuroscience-focused biotechnology company developing next-generation, psychedelic-inspired mental health medicines, today announced plans to transfer and spin-off its cannabinoid clinical development pipeline assets to a wholly-owned subsidiary, Acanna Therapeutics Inc. (“Acanna”), by way of dividend to Enveric shareholders. The spin-off transaction will be subject to various conditions, including Acanna meeting the qualifications for listing on The Nasdaq Stock Market, and if successful, would result in two standalone public companies.

Dr. Joseph Tucker, CEO of Enveric Biosciences, commented, “In these challenging markets, the Board and Management team have spent considerable time evaluating the best way to create additional value for all stakeholders – patients, shareholders, and employees. We believe it would be in the best interest of our shareholders to spin-off 100% equity ownership of our cannabinoid clinical development pipeline. Upon completion of the proposed transaction, each resulting public company would be able to focus all its resources on the development of its respective pipeline assets, enabling, we anticipate, greater opportunity for product development success.”

Acanna has secured an initial $1MM from an investor in a Series A Convertible Preferred Stock and Warrant financing. Under the terms of the investment, Acanna will, subject to certain other conditions, receive an additional $4MM upon completion of the spin-off into an independent, separately traded public company listed on The Nasdaq Stock Market. Following the spin-off and the investment of an aggregate of $5MM, that investor is expected to hold 25% of Acanna and warrants to acquire additional shares. Palladium Capital Group acted as a financial advisor to Enveric. Please see the Current Report on Form 8-K filed by Enveric on May 11, 2022, for further details.

Dr. Tucker continued, “For Enveric and Acanna, this spin-off transaction would allow each company to commit 100% of its efforts and capabilities towards developing its respective drug candidate portfolio. For Enveric, going forward, we intend to focus on mental health. We believe that Enveric’s achievements in the last year, including preparations for a clinical trial, positive preclinical data, and ongoing expansion of our drug candidate portfolio, the Psybrary™, position us well for the future.”

Strategic Rationale for Spinoff
The Company believes that spinning off the cannabinoid assets will allow Enveric and Acanna to maximize long-term value for all stakeholders. Following the proposed transaction, both Enveric and Acanna intend to:

Have separate, focused management teams with the knowledge and skills to deploy appropriate strategies and meet the unique requirements for each company’s operations.
Allocate capital more efficiently and strategically to develop their respective assets further.
Provide unique investment characteristics of interest to the capital markets.

About Enveric Biosciences
Enveric Biosciences, Inc. (NASDAQ: ENVB) is a neuroscience-focused pharmaceutical company developing next-generation, psychedelic-inspired mental health medicines. Enveric’s robust pipeline supports drug development from the clinic to commercialization aimed to help millions of patients in need around the world suffering from conditions that include cancer-related distress, PTSD, and more. For additional information, please visit www.enveric.com.

Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as “plans,”” expects” or “does not expect,” “proposed,” “is expected,” “budgets,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. Forward-looking statements consist of not purely historical statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, the ability of the company to successfully spin-off its cannabinoid assets; the ability to achieve the value creation contemplated by technical developments; the impact of the novel coronavirus (COVID-19) on Enveric’s ongoing and planned clinical trials; the geographic, social and economic impact of COVID-19 on Enveric’s ability to conduct its business and raise capital in the future when needed; delays in planned clinical trials; the ability to establish that potential products are efficacious or safe in preclinical or clinical trials; the ability to establish or maintain collaborations on the development of therapeutic candidates; the ability to obtain appropriate or necessary governmental approvals to market potential products; the ability to obtain future funding for developmental products and working capital and to obtain such funding on commercially reasonable terms; Enveric’s ability to manufacture product candidates on a commercial scale or in collaborations with third parties; changes in the size and nature of competitors; the ability to retain key executives and scientists; and the ability to secure and enforce legal rights related to Enveric’s products, including patent protection. A discussion of these and other factors, including risks and uncertainties with respect to Enveric, is set forth in Enveric’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Enveric disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contacts
Valter Pinto / Allison Soss
KCSA Strategic Communications
212.896.1254 / 212.896.1267
valter@kcsa.com / asoss@kcsa.com

Media Contacts
Natalie Dolphin
Enveric Biosciences Inc.
416.706.6364
ndolphin@enveric.com

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as “plans”, ” expects” or “does not expect”, “proposed”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, the ability to achieve the value creation contemplated by technical developments; the impact of the novel coronavirus (COVID-19) on Enveric’s ongoing and planned clinical trials; the geographic, social and economic impact of COVID-19 on Enveric’s ability to conduct its business and raise capital in the future when needed; delays in planned clinical trials; the ability to establish that potential products are efficacious or safe in preclinical or clinical trials; the ability to establish or maintain collaborations on the development of therapeutic candidates; the ability to obtain appropriate or necessary governmental approvals to market potential products; the ability to obtain future funding for developmental products and working capital and to obtain such funding on commercially reasonable terms; Enveric’s ability to manufacture product candidates on a commercial scale or in collaborations with third parties; changes in the size and nature of competitors; the ability to retain key executives and scientists; and the ability to secure and enforce legal rights related to Enveric’s products, including patent protection. A discussion of these and other factors, including risks and uncertainties with respect to Enveric, is set forth in Enveric’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Enveric disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Palladium Capital Group Facilitates $15,000,000 Convertible Preferred for Gozio Health

Post Date: Apr. 29, 2022

NEW YORK, NY, March April 29th, 2022 – Palladium Capital Group, LLC, today announces that it has served as the sole placement agent to Gozio Health in its $15,000,000 Series A Convertible Round from funds managed by Morgan Stanley Expansion Capital. The investment round will be used to accelerate Gozio’s growth and sets the stage for a long-term financial partnership.

“We are at a turning point in healthcare where digital strategy is not only a competitive differentiator for health systems but is foundational to positive consumer experiences. An effective digital platform can enhance engagement with patients, prevent revenue leakage and increase overall patient satisfaction,” said Joshua Titus, Founder and CEO of Gozio. “With the strong support of Morgan Stanley, Gozio is poised to substantially ramp up efforts to equip health systems with the kind of robust, extensible platform needed to optimize digital engagement.”

Gozio’s mobile patient engagement solution provides health systems with a turnkey digital front door, offering a unified platform which integrates HCIT applications, including physician directories, appointment scheduling, EHR and patient record access, into an easy-to-use mobile application. Gozio’s solution also leverages the Company’s patented, industry-leading wayfinding technology to provide real-time, turn-by-turn directions to patients and staff.

“The consumerization of healthcare is driving hospitals and health systems to increasingly focus on patient experience and engagement. Gozio offers a solution that helps patients not only navigate the physical network of the health system, but also provides patients mobile access to the services, information and applications necessary to engage patients in their own care,” said Melissa Daniels, Managing Director at Morgan Stanley Expansion Capital. “We believe Gozio’s digital front door and wayfinding technology provide a compelling value proposition by enhancing the personal end-to-end consumer experience within the network of the health system. We are thrilled to be partnering with Joshua and the Gozio team to support the Company as it continues on its growth trajectory.”

Gozio will use the funding to expand its client base among leading health systems, grow its client services and engineering teams, and advance the extensibility of its platform to support a digital health ecosystem.

About Gozio Health

Gozio Health offers an end-to-end, customizable digital health platform exclusively for healthcare systems. Gozio’s extensible mobile platform enables seamless consumer interactions and provides an anytime, anywhere connection to patients that improves their overall experience and access to care. Popular patient engagement features include patented indoor wayfinding with turn-by-turn navigation, virtual visits, physician directories, appointment scheduling, access to electronic health records, Urgent Care and Emergency Department wait-times, and extensive analytics capabilities. Gozio customers surveyed in a 2021 KLAS Research Emerging Technology Spotlight report found 100% satisfaction and improved experience for patients and staff. For more information, watch the video or visit www.goziohealth.com or find Gozio Health on Twitter and LinkedIn.

About Morgan Stanley Expansion Capital

Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. Morgan Stanley Expansion Capital targets growth equity and credit investments within technology, healthcare, consumer, digital media and other high-growth sectors. For over three decades, Morgan Stanley Expansion Capital has successfully pursued growth investment opportunities and has completed investments in over 200 companies, leveraging the global brand and network of Morgan Stanley. For further information about Morgan Stanley Expansion Capital, please visit www.morganstanley.com/im/expansioncapital.

Palladium Capital Group Facilitates $7,600,000 Senior Debt Financing for Studio Membership Services, LLC

Post Date: Mar. 24, 2022

Palladium Capital Group Facilitates $12,600,000 Debt Financing for E La Carte Inc.

Post Date: Mar. 22, 2022

For more information: https://presto.com/investor-relations/

Palladium Exclusive Placement Agent in $3,000,000 Equity Round for PishPosh Baby

Post Date: Feb. 28, 2022

NEW YORK, NY, March February 28th, 2022 – Palladium Capital Group, LLC, today announces that it has served as the exclusive placement agent and financial advisor to PishPosh Baby, LLC in its $3,000,000 Equity Round.

For more information about PishPosh Baby, please visit their website: https://pishposhbaby.com/pages/about-us

Palladium Capital Group Facilitates $42,000,000 Financing for Cryptyde, Inc., a wholly owned subsidiary of Vinco Ventures (NASDAQ: BBIG)

Post Date: Jan. 26, 2022

NEW YORK, NY, January 26th, 2022 – Palladium Capital Group, LLC, today announces that it has served as investment banker to Cryptyde (the “Company”), a wholly owned subsidiary of Vinco Ventures (NASDAQ: BBIG), which today announced that it has entered into definitive agreements with two institutional investors for a total of $42 million in financing.

The equity portion of the financing is priced at $8.00 per share and the debt financing portion has a conversion price of $10.00 per share. The financing was done at a post-deal approximate enterprise value of $300 million.

Palladium Capital Group, LLC is the sole placement agent in connection with the offering.

Palladium Advises Inveniam Capital Partners on their Partnership with and €5,000,000 Investment in Tokeny Solutions

Post Date: Jan. 13, 2022

NEW YORK, NY – January 13, 2022, Palladium Capital Group, LLC announced today that it successfully Advised Inveniam Capital Partners, Inc. (“Inveniam”) on their their partnership with and €5,000,000 investment in Tokeny Solutions.

Inveniam Capital Partners, Inc. (“Inveniam”), and Inveniam.io, its operating system for private market data that drives price discovery and automated waterfall calculation, announced today a partnership with Tokeny Solutions (“Tokeny”). The partnership includes a €5m investment in the Luxembourg-based tokenization platform; the investment is led by Inveniam with participation from K20 Fund and Apex Fund Services.

Inveniam works with private market asset owners and managers to deliver trusted valuation and pricing data using distributed ledger technology. This data underpins private market digital assets and gives these assets integrity upon which market participants can establish price discovery. The Inveniam.io platform enables asset owners and managers to benefit from a more liquid asset, whose value is easier to unlock.

Tokeny offers a comprehensive and institutional-grade white-label solution for digital assets that allows asset owners and managers to efficiently and compliantly issue, transfer, and manage digital assets. All processes — from the client onboarding process, including KYC/AML checks, to the administration required to manage investor subscriptions, capital tables, distributions, and capital calls — are streamlined on the Tokeny platform.

The partnership aims to pair better data in private market assets with tokenization to unlock asset liquidity. This partnership will provide the key technical solutions private asset owners need, covering the entire life cycle of private market assets and underpinned with trusted data regarding asset valuation and pricing. This opens the door to global secondary trading of these tokenized assets and can create significant value for private market investors, as well as asset owners, managers, and servicers.

“We’ve been collaborating with the Tokeny team for more than two years and they have built a remarkable company and technology stack, which can interface with global exchanges and connect to the DeFi markets as well,” said Pat O’Meara, Chairman and CEO of Inveniam. “Global secondary trading of private market assets in a tokenized form will transform the alternatives space, including CRE, infrastructure, private equity, and private credit. To become a reality, the market demands a high-functioning user experience, seamless technology utilization/integration with legacy systems, and underlying data that can be trusted, all within the right regulatory structures. This partnership addresses all those requirements for success.”

While Tokeny’s solutions provide a compliance infrastructure enabling asset managers to easily bring nearly every kind of real-world asset to the blockchain, Inveniam allows investors to access trusted data and asset valuation. Liquidity will be realized as investors can conduct peer-to-peer transfers using Tokeny’s compliance framework with a fair and transparent price reference provided by Inveniam.

“Tokeny’s capabilities pick up right where Inveniam’s end and vice versa, addressing two of the biggest obstacles in private markets — pricing data and compliance — through a hyper-efficient infrastructure,” said Luc Falempin, CEO of Tokeny. “In tandem with this very synergistic partnership, the investment by Apex, K20, and Inveniam will allow us to further improve our solutions and accelerate the adoption of tokenization with what we believe to be the best-in-class technology.”

Additional value to the market is expected to accrue as the partnership will ultimately enable Apex Group, Inveniam’s fund administration partner, to deliver cutting-edge, end-to-end services to a broad ecosystem of private asset owners.

Palladium Capital Group Facilitates Inveniam Capital Partners $25 Million Series-A Round, lead by Apex Group

Post Date: Sep. 14, 2021

NEW YORK, NY – Palladium Capital Group, LLC, today announces that it has served as investment banker to Inveniam Capital Partners, Inc.™ in capital raising and expanding their market reach, assisting in them to close their $25 million Series-A round this month with lead investments from global financial services provider, Apex Group, K20 Fund, Dev.Pro, and Global Blockchain Ventures.

Inveniam Capital Partners’ software platform, Inveniam.io™, is the operating system for real asset data in the rapidly developing decentralized market. “The use of blockchain to transmit trust in data will drive automation in valuation and price discovery in the private markets. Inveniam.io allows data rich, low-frequency trading private market assets to have monthly marks by subject matter experts. Price discovery for illiquid assets with fully observable inputs will transform the balance sheets of corporate owners,” said Todd Stevens, Global Head of Capital Markets for Inveniam Capital Partners. “Low yields in the bond market are driving defined benefit plans to higher performing asset classes, but those fiduciaries need third party price discovery. Our operating platform unlocks value across private equity, commercial real estate, private credit, and infrastructure.”

This Series-A funding follows consistent growth of client installations and assets on the platform (“AOP”) with low ten figures of assets currently on the platform. Company forward-looking estimates project AOP to approach $200 billion by year end 2023.

This news follows Inveniam’s™ acquisition of the assets of Factom Inc. in early 2021, including their significant blockchain patent portfolio. Factom’s IP patent portfolio coupled with Inveniam’s has resulted in the company becoming the eighth largest U.S.-based holder of blockchain patents and/or patent applications as reported by UnifiedPatents.com.

Patrick O’Meara, Chairman and CEO comments: “We are proud of the work of our team to build an institutional quality software that delivers immediate value to private markets by laying the foundation for investors to fully participate in the DeFi evolution of capital markets. Our high-quality strategic and capital investors are testament to the strength of the business we have built, and we are excited to work in partnership as we pursue our aims of becoming the global standard for trust in private market data globally.”

Peter Hughes, CEO and Founder of Apex Group further adds: “As allocations to Private Asset classes continue to grow, trusted data is essential to being able to transact in private market assets. Using data that is verified on blockchain, our partnership with Inveniam will create efficiencies and deliver benefits for the $1.5 trillion of client assets we service. We’re excited about the potential of this partnership and the prospect of beginning onboarding significant assets to the Inveniam platform.”

Inveniam.io President Kerry Rudy will lead the support for the Apex rollout, “Apex is the exact type of innovator we needed as a partner to help us become a global standard for trust in private market data globally.”

Joe Lieberman, Managing Partner, K20 Fund adds: “A decentralized blockchain ecosystem is the fulcrum of the new financial network that benefits institutions and individuals alike. Inveniam offers a compelling and innovative DeFi platform to institutional-grade clients, while also solving some of the most complex problems in the sector.”

About Inveniam – Inveniam is a Fintech company with offices in New York City and Northville, MI. Founded in 2017, Inveniam has built Inveniam.io, a powerful technology platform that utilizes Big Data, AI and blockchain technology to provide not only surety of data, but high-functioning use of that data in a distributed data ecosystem. When Verified by Inveniam™, users can obtain real-time pricing of private, infrequently traded assets, accelerate diligence, accurately price assets, and identify buyers for those assets. Inveniam’s operating system credentials data to commute trust allowing payments throughout the global financial system. This ability to commute trust in data artifacts is regardless of its place of rest, origin, or application. Inveniam holds numerous patents around the ingestion of data into smart contracts.

About Apex – Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 50 offices worldwide and 5,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.

About K20 Fund – K20 is a New York-based venture fund that creates long-term value for the companies they invest in and their investments range from fintech and blockchain to digital asset and decentralized finance.

About Global Blockchain Ventures Fund, LP – Global Blockchain Ventures Fund, LP is a blockchain-focused venture capital fund specializing in blockchain-enabled applications within synergistic technology platforms including Internet of Things, MedTech, Artificial Intelligence, and Healthcare.

Inveniam has been assisted by Palladium Capital Group, LLC, in capital raising and expanding market reach.

Palladium Capital Group Sole Placement Agent for a $100,000,000 Private Placement for Vinco Ventures Inc. (NASDAQ:BBIG)

Post Date: Jul. 23, 2021

NEW YORK, NY – On July 23, 2021, Palladium Capital Group, LLC, acted as sole placement agent for Vinco Ventures Inc., raise of $100,000,000 in a Convertible Secured Notes transaction.

Vinco Ventures, Inc. (NASDAQ: BBIG), a leader in selective acquisitions leveraging new market opportunities by utilizing the B.I.G. Strategy: Buy. Innovate. Grow., is pleased to announce the closing of the Lomotif Private Limited (“Lomotif“) acquisition, which owns the Lomotif short form video platform, through their joint venture entity ZVV Media. This acquisition makes ZVV Media, a subsidiary of Vinco Ventures Inc., one of the most powerful global short form media companies in the marketplace.

Some key highlights of the Lomotif acquisition by Vinco Ventures:

Lomotif is one of the top short form video platforms in the world with hundreds of millions of installs around the world and tens of millions of monthly users (*Sensor Tower data, June 2021) and over 31 million on-platform monthly active users (“MAUs”)
LoMo will be Lomotif’s new name and will be rebranded and re-positioned in a new North American marketing campaign
Third-party independent valuation shows the combined companies have a valuation over $5 billion as of June 30 according to recent private financing comparable valuation by Gemini Valuation Services
Paul Yang, the founder and CEO of Lomotif, has entered into a five-year employment agreement as well as being named Chairman of the Board of Lomotif
Lomotif currently has content deals with Instagram, Facebook, and Snapchat
Recent Lomotif highlights:
- Facebook + Lomotif: https://developers.facebook.com/success-stories/lomotif/
- Snapchat + Lomotif: https://www.prweb.com/releases/lomotif_announce_semi_exclusive_two_way_integration_with_snapchat_stories/prweb17221384.htm
- TikTok 7 best alternatives: https://www.techytab.com/best-tiktok-alternatives.html/amp
- 5 Up and Coming Apps For Gen Z, to Challenge TikTok: https://fortune.com/2020/09/23/5-social-apps-gen-z-triller-lomotif-unfold-bunch-genies/
- Lomotif Set To Enter India: https://economictimes.indiatimes.com/tech/startups/short-video-app-lomotif-is-set-to-enter-india/articleshow/81433107.cms
- ZASH and Lomotif chosen by Variety Magazine as Top Innovators in the Media and Entertainment Industry : https://variety.com/lists/silicon-valley-hollywood-report/
- Lomotif Partners with Teddy Riley: https://finance.yahoo.com/news/lomotif-partners-grammy-award-winning-141500088.html

“This is an exciting time for us here at Lomotif, as we’re building one of the largest short form video platforms in the world in such a short period of time,” said Paul Yang, CEO of Lomotif. “With this acquisition, we are taking Lomotif to the next level and combining new touch points in the media and entertainment industry such as syndicated television and music with short form video and user generated content which is currently one of the fastest growing segments. We are very well positioned to be one of the top video platforms for the long-term. Just in the short time we have been together, we have seen tremendous growth from the marketing and positioning strategies brought from the ZASH, Vinco Ventures and ZVV Media team. I am excited about the future, which looks bright for us.”

“We couldn’t be more proud to have Lomotif as the crown jewel of our media and entertainment company alongside ZASH and Vinco Ventures,” said Ted Farnsworth, co-founder of ZASH. “The combination of these three entities makes an incredibly robust and totally disruptive media and entertainment company worldwide, with tens of millions of monthly users around the world that allows us to leverage all of our content globally.”

“We’re thrilled to implement the next part of the plan for these three companies now that we have closed the deal with Lomotif,” said Christopher Ferguson, CEO of Vinco Ventures. “From day one we knew Lomotif would be a key part of our plan to disrupt the media and entertainment industry, and the job is to execute that vision going forward.”

The addition of Lomotif enhances Vinco Ventures and ZVV Media’s offering by adding a short-form video component to its overall ecosystem as the company continues to grow a global content-centric technology company.

Lomotif is one of the fastest growing video-sharing social networking platforms in its category over the last three years, with 225+ million installations of the Lomotif app globally in over 200 countries in 300+ languages. According to outside tracking services, over 300 million videos are watched on the platform per month and over 10 billion atomic clips (User Generated Content (UGC)) have been used to create more than 750 million videos on the platform since its launch.

Current global expansion is underway in India, the world’s second largest market, and a country where competitor TikTok is banned. With the number of social media users in India currently over 350 million, and social network users in the country expected to be nearly 450 million in 2023, the push into India is a major focus for Lomotif.

Throughout Asia, Europe and South America, Lomotif has increased its average monthly community by over 400 percent in this time span. The platform’s dominant, global user traction and reach demonstrates massive untapped value and Lomotif’s potential growth.

Lomotif is also carving out an imposing presence in the music space, having recently partnered with LiveXLive for global live streaming distribution of Music Lives 2021, which drew over 37+ million views on the Lomotif platform alone.

The acquisition of Lomotif by ZVV Media was led by Ted Farnsworth. Investment bank BTIG represents ZASH on the buy side of transactions. Palladium Capital Group, LLC served as advisor on the capital raise to fund the transaction. CEO Christopher Ferguson, CSO Brian McFadden, and CFO Brett Vroman led the Vinco Ventures team. Vinco was represented by Joseph Lucosky, Adele Hogan and the team at Lucosky Brookman LLP law firm. The media and entertainment team led by Tom K. Ara at law firm DLA Piper LLP negotiated and advised ZASH on the Lomotif acquisition deal. Cooley LLP represented Lomotif.

About Lomotif

Lomotif is the leading video-sharing social networking platform that is democratizing video creation. 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. Yang’s bold vision is to build the world’s largest video vocabulary to accelerate the world’s transition to video-first expression. Lomotif, available in the Apple and Google stores, is a downloadable app for hip hop, rap, and urban culture across the United States and Latin America. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. For additional information about Lomotif Private Limited, please visit Lomotif’s website at www.lomotif.com.

About ZASH Global Media and Entertainment Corporation

ZASH Global Media and Entertainment Corporation is an evolving network of synergetic companies working together to disrupt the media and entertainment industry. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASH’s website at www.zash.global.

About Vinco Ventures, Inc.

Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco’s B.I.G. (Buy. Innovate. Grow.) strategy is to seek acquisition opportunities that are poised for scale and will “BE BIG”. For more information visit Investors.vincoventures.com.

Forward-Looking Statements and Disclaimers

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 company’s management as well as estimates and assumptions made by the company’s management. These statements can be identified by the fact that they do not relate strictly to historic or current facts. 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 company’s management identify forward-looking statements. 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 company’s industry, its operations and results of operations and any businesses that may be acquired by the company. 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. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. 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.

Press Contact
Jason Magner
Rogers & Cowan PMK
Jason.magner@rogersandcowanpmk.com
310-854-8128

SOURCE: ZASH

ORIGINAL PRESS RELEASE HERE: https://www.prnewswire.com/news-releases/vinco-ventures-and-zash-global-media-and-entertainment-through-their-joint-venture-zvv-media-partners-completes-acquisition-of-lomotif-301340202.html

Palladium Capital Group brokers sale of Live Objects intellectual property assets to Zuora, Inc. (NYSE: ZUO)

Post Date: May. 26, 2021

NEW YORK, NY – May 26, 2021, Palladium Capital Group, LLC (“Palladium”) announced today that it served as exclusive placement agent to Live Objects in the sale of its intellectual property assets to Zuora, Inc. (NYSE: ZUO), a business process platform that uses AI to help companies understand, visualize and optimize complex business processes spanning across systems.

Palladium CEO, Joel Padowitz, commented, “The credit here goes to Yusuf Bashir, the newest member of our investment banking team, who specializes in enterprise software solutions. It’s a privilege to work with extraordinary firms the likes of Zuora, and it’s a pleasure to have a complex transaction like this one shepherded by someone as competent as Yusuf.”

It’s a move pitched by Zuora CEO, Tien Tzuo, as a “tuck-in technology” addition to the firm’s wider platform strategy. He said:

Over half our customers are automating and simplifying their IT processes with our platform workflows. We processed over eight million invoices on the peak day this quarter across our platform. And last quarter, approximately half-a-billion workflow tasks were executed, saving our customers time and money. And this is where the acquisition of Live Objects, intellectual property assets come in.

What the Live Objects team has built is an AI-driven process engine that we believe will allow our customers in the central platform to visualize the processes that are behind the awesome subscriber experiences that they are designing. To discover and map new hidden processes, including the ones that span multiple systems like CRM, ERP, or other fulfillment provision systems, will allow them to detect anomalies in these processes when they meet the customer dissatisfaction or inefficiencies.

We all know that customer expectations continue to rise, call it the Amazon Instacart effect. Those companies that offer the best subscriber experiences are the ones who will win. The central platform, including the new capabilities that the Live Objects acquisition gives us, is what enables our customers to deliver those differentiated subscriber experiences.

For more information see: https://investor.zuora.com/financial-news/press-release-details/2021/Zuora-Reports-First-Quarter-Fiscal-2022-Results/default.aspx