{"id":2501,"date":"2021-07-23T23:05:42","date_gmt":"2021-07-23T23:05:42","guid":{"rendered":"https:\/\/palladiumcapital.com\/?p=2501"},"modified":"2021-08-04T09:12:32","modified_gmt":"2021-08-04T09:12:32","slug":"palladium-capital-group-sole-placement-agent-for-a-100000000-private-placement-for-vinco-ventures-inc-nasdaqbbig","status":"publish","type":"post","link":"https:\/\/www.palladiumcapital.com\/palladium-capital-group-sole-placement-agent-for-a-100000000-private-placement-for-vinco-ventures-inc-nasdaqbbig\/","title":{"rendered":"Palladium Capital Group Sole Placement Agent for a $100,000,000 Private Placement for Vinco Ventures Inc. (NASDAQ:BBIG)"},"content":{"rendered":"<p><a href=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2021\/08\/VINCO-2021-07-Tombstone-100M.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-2502 alignright\" src=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2021\/08\/VINCO-2021-07-Tombstone-100M-263x300.jpg\" alt=\"\" width=\"263\" height=\"300\" srcset=\"https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2021\/08\/VINCO-2021-07-Tombstone-100M-263x300.jpg 263w, https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2021\/08\/VINCO-2021-07-Tombstone-100M-150x171.jpg 150w, https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2021\/08\/VINCO-2021-07-Tombstone-100M.jpg 570w\" sizes=\"(max-width: 263px) 100vw, 263px\" \/><\/a>NEW YORK, NY \u2013 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.<\/p>\n<p>Vinco Ventures, Inc. (NASDAQ: <a class=\"ticket-symbol\" href=\"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#financial-modal\" data-toggle=\"modal\">BBIG<\/a>), 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 (&#8220;<b>Lomotif<\/b>&#8220;) acquisition, which owns the\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=2073155448&amp;u=https%3A%2F%2Flomotif.com%2F&amp;a=Lomotif\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Lomotif<\/a><\/u>\u00a0short 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.<\/p>\n<p>Some key highlights of the Lomotif acquisition by Vinco Ventures:<b><br class=\"dnr\" \/><\/b><\/p>\n<ul>\n<li>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,\u00a0<span class=\"xn-chron\">June 2021<\/span>) and over 31 million on-platform monthly active users (&#8220;MAUs&#8221;)<br class=\"dnr\" \/><br class=\"dnr\" \/><\/li>\n<li>LoMo will be Lomotif&#8217;s new name and will be rebranded and re-positioned in a new North American marketing campaign<br class=\"dnr\" \/><br class=\"dnr\" \/><\/li>\n<li>Third-party independent valuation shows the combined companies have a valuation over\u00a0<span class=\"xn-money\">$5 billion<\/span>\u00a0as of\u00a0<span class=\"xn-chron\">June 30<\/span>\u00a0according to recent private financing comparable valuation by Gemini Valuation Services\u00a0<br class=\"dnr\" \/><br class=\"dnr\" \/><\/li>\n<li><span class=\"xn-person\">Paul Yang<\/span>, 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<br class=\"dnr\" \/><br class=\"dnr\" \/><\/li>\n<li>Lomotif currently has content deals with Instagram, Facebook, and Snapchat<br class=\"dnr\" \/><br class=\"dnr\" \/><\/li>\n<li>Recent Lomotif highlights:<br class=\"dnr\" \/><br class=\"dnr\" \/>\n<ul>\n<li>Facebook + Lomotif:\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=2621919800&amp;u=https%3A%2F%2Fdevelopers.facebook.com%2Fsuccess-stories%2Flomotif%2F&amp;a=https%3A%2F%2Fdevelopers.facebook.com%2Fsuccess-stories%2Flomotif%2F\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/developers.facebook.com\/success-stories\/lomotif\/<\/a><\/u><\/li>\n<li>Snapchat\u00a0 + Lomotif:\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=908763743&amp;u=https%3A%2F%2Fwww.prweb.com%2Freleases%2Flomotif_announce_semi_exclusive_two_way_integration_with_snapchat_stories%2Fprweb17221384.htm&amp;a=https%3A%2F%2Fwww.prweb.com%2Freleases%2Flomotif_announce_semi_exclusive_two_way_integration_with_snapchat_stories%2Fprweb17221384.htm\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/www.prweb.com\/releases\/lomotif_announce_semi_exclusive_two_way_integration_with_snapchat_stories\/prweb17221384.htm<\/a><\/u><\/li>\n<li>TikTok 7 best alternatives:\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=2774876908&amp;u=https%3A%2F%2Fwww.techytab.com%2Fbest-tiktok-alternatives.html%2Famp&amp;a=https%3A%2F%2Fwww.techytab.com%2Fbest-tiktok-alternatives.html%2Famp\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/www.techytab.com\/best-tiktok-alternatives.html\/amp<\/a><\/u><\/li>\n<li>5 Up and Coming Apps For Gen Z, to Challenge TikTok:\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=3127201355&amp;u=https%3A%2F%2Ffortune.com%2F2020%2F09%2F23%2F5-social-apps-gen-z-triller-lomotif-unfold-bunch-genies%2F&amp;a=https%3A%2F%2Ffortune.com%2F2020%2F09%2F23%2F5-social-apps-gen-z-triller-lomotif-unfold-bunch-genies%2F\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/fortune.com\/2020\/09\/23\/5-social-apps-gen-z-triller-lomotif-unfold-bunch-genies\/<\/a><\/u><\/li>\n<li>Lomotif Set To Enter India:\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=234449812&amp;u=https%3A%2F%2Feconomictimes.indiatimes.com%2Ftech%2Fstartups%2Fshort-video-app-lomotif-is-set-to-enter-india%2Farticleshow%2F81433107.cms&amp;a=https%3A%2F%2Feconomictimes.indiatimes.com%2Ftech%2Fstartups%2Fshort-video-app-lomotif-is-set-to-enter-india%2Farticleshow%2F81433107.cms\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/economictimes.indiatimes.com\/tech\/startups\/short-video-app-lomotif-is-set-to-enter-india\/articleshow\/81433107.cms<\/a><\/u><\/li>\n<li>ZASH and Lomotif chosen by Variety Magazine as Top Innovators in the Media and Entertainment Industry :\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=2564135042&amp;u=https%3A%2F%2Fvariety.com%2Flists%2Fsilicon-valley-hollywood-report%2F&amp;a=https%3A%2F%2Fvariety.com%2Flists%2Fsilicon-valley-hollywood-report%2F\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/variety.com\/lists\/silicon-valley-hollywood-report\/<\/a><\/u><\/li>\n<li>Lomotif Partners with\u00a0<span class=\"xn-person\">Teddy Riley<\/span>:\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=1065732272&amp;u=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Flomotif-partners-grammy-award-winning-141500088.html&amp;a=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Flomotif-partners-grammy-award-winning-141500088.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/finance.yahoo.com\/news\/lomotif-partners-grammy-award-winning-141500088.html<\/a><\/u><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&#8220;This is an exciting time for us here at Lomotif, as we&#8217;re building one of the largest short form video platforms in the world in such a short period of time,&#8221; said\u00a0<span class=\"xn-person\">Paul Yang<\/span>, CEO of Lomotif. &#8220;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.&#8221;<\/p>\n<p>&#8220;We couldn&#8217;t be more proud to have Lomotif as the crown jewel of our media and entertainment company alongside ZASH and Vinco Ventures,&#8221; said\u00a0<span class=\"xn-person\">Ted Farnsworth<\/span>, co-founder of ZASH. &#8220;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.&#8221;<\/p>\n<p>&#8220;We&#8217;re thrilled to implement the next part of the plan for these three companies now that we have closed the deal with Lomotif,&#8221; said\u00a0<span class=\"xn-person\">Christopher Ferguson<\/span>, CEO of Vinco Ventures. &#8220;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.&#8221;<\/p>\n<p>The addition of Lomotif enhances Vinco Ventures and ZVV Media&#8217;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.<\/p>\n<p>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.<\/p>\n<p>Current global expansion is underway in\u00a0<span class=\"xn-location\">India<\/span>, the world&#8217;s second largest market, and a country where competitor TikTok is banned. With the number of social media users in\u00a0<span class=\"xn-location\">India<\/span>\u00a0currently over 350 million, and social network users in the country expected to be nearly 450 million in 2023, the push into\u00a0<span class=\"xn-location\">India<\/span>\u00a0is a major focus for Lomotif.<\/p>\n<p>Throughout\u00a0<span class=\"xn-location\">Asia<\/span>,\u00a0<span class=\"xn-location\">Europe<\/span>\u00a0and\u00a0<span class=\"xn-location\">South America<\/span>, Lomotif has increased its average monthly community by over 400 percent in this time span. The platform&#8217;s dominant, global user traction and reach demonstrates massive untapped value and Lomotif&#8217;s potential growth.<\/p>\n<p>Lomotif is also carving out an imposing presence in the music space, having recently partnered with LiveXLive for global live streaming distribution of\u00a0<i>Music Lives 2021<\/i>, which drew over 37+ million views on the Lomotif platform alone.<\/p>\n<p>The acquisition of Lomotif by ZVV Media was led by\u00a0<span class=\"xn-person\">Ted Farnsworth<\/span>.\u00a0 Investment bank BTIG represents ZASH on the buy side of transactions. Palladium Capital Group, LLC\u00a0served as advisor on the capital raise to fund the transaction. CEO\u00a0<span class=\"xn-person\">Christopher Ferguson<\/span>, CSO Brian McFadden, and CFO\u00a0<span class=\"xn-person\">Brett Vroman<\/span>\u00a0led the Vinco Ventures team. Vinco was represented by\u00a0<span class=\"xn-person\">Joseph Lucosky<\/span>,\u00a0<span class=\"xn-person\">Adele Hogan<\/span>\u00a0and the team at Lucosky Brookman LLP law firm. \u00a0The 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.<\/p>\n<p><b><u>About Lomotif<\/u><\/b><\/p>\n<p>Lomotif is the leading video-sharing social networking platform that is democratizing video creation. Since the company was co-founded by video enthusiast\u00a0<span class=\"xn-person\">Paul Yang<\/span>\u00a0in 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&#8217;s bold vision is to build the world&#8217;s largest video vocabulary to accelerate the world&#8217;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\u00a0<span class=\"xn-location\">the United States<\/span>\u00a0and\u00a0<span class=\"xn-location\">Latin America<\/span>. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms<i>.\u00a0<\/i>For additional information about Lomotif Private Limited, please visit Lomotif&#8217;s website at\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=1560204974&amp;u=http%3A%2F%2Fwww.lomotif.com%2F&amp;a=www.lomotif.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.lomotif.com<\/a><\/u>.<\/p>\n<p><b><u>About ZASH Global Media and Entertainment Corporation<\/u><\/b><\/p>\n<p>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&#8217;s website at\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=2104499663&amp;u=https%3A%2F%2Fzash.global%2F&amp;a=www.zash.global\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.zash.global<\/a><\/u>.<\/p>\n<p><b><u>About\u00a0Vinco\u00a0Ventures, Inc.<\/u><\/b><\/p>\n<p>Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco&#8217;s B.I.G. (Buy. Innovate. Grow.) strategy is to seek acquisition opportunities that are poised for scale and will &#8220;BE BIG&#8221;. For more information visit\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3237304-1&amp;h=3334737711&amp;u=https%3A%2F%2Finvestors.vincoventures.com%2F&amp;a=Investors.vincoventures.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Investors.vincoventures.com<\/a><\/u>.<\/p>\n<p><b>Forward-Looking Statements and Disclaimers<\/b><\/p>\n<p>To the extent any statements contained in this press release contains &#8220;forward-looking statements&#8221; 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&#8217;s management as well as estimates and assumptions made by the company&#8217;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 &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;projected&#8221; and other words or the negative of these terms and similar expressions as they relate to the company or the company&#8217;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&#8217;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\u00a0<span class=\"xn-location\">the United States<\/span>, the company does not intend to update any of the forward-looking statements to conform these statements to actual results.<\/p>\n<p>Press Contact<br class=\"dnr\" \/><span class=\"xn-person\">Jason Magner<\/span><br class=\"dnr\" \/>Rogers &amp; Cowan PMK<br class=\"dnr\" \/><a href=\"mailto:Jason.magner@rogersandcowanpmk.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Jason.magner@rogersandcowanpmk.com<\/a><br class=\"dnr\" \/>310-854-8128<\/p>\n<p>SOURCE: ZASH<\/p>\n<p>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<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, NY \u2013 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/2501"}],"collection":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/comments?post=2501"}],"version-history":[{"count":0,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/2501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/media?parent=2501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/categories?post=2501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/tags?post=2501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}