Home Financial Markets Vinco Ventures Inc. (BBIG) stock plunged during after-hour session, given no recent...

Vinco Ventures Inc. (BBIG) stock plunged during after-hour session, given no recent update

Vinco Ventures Inc. (NASDAQ: BBIG) stock gained by 15.06% at last close whereas the BBIG stock price declines by 3.21% in the after-hours trading session. Vinco Ventures, Inc. is a digital media and content technology focused selective acquisitions firm. Vinco’s B.I.G. (Buy. Innovate. Grow.) Strategy focuses on acquiring businesses that are ready to expand and will be BIG.

>> 7 Top Picks for the Post-Pandemic Economy << 

Recent Past Development

Emmersive Entertainment, which was previously highlighted on 60 Minutes Plus, will be spun off into its own publicly-traded company, according to Vinco Ventures. During the third quarter of this year, the deal is expected to take place.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The resultant Emmersive Entertainment Public Company will be managed by existing Vinco Ventures Chief Strategy Officer Brian McFadden, according to BBIG.

Read More

McFadden said,

It’s great to have the chance to continue to develop this technology. He is grateful for the Board’s confidence in my ability to continue running and expanding this unique company. Emmersive’s technology and capabilities will be fully realized, offering Vinco Ventures stockholders with the extra advantage of the equity in a second public company, which is, in his opinion, the icing on the cake of the entire merger with ZASH.

BBIG intends to complete this transaction in Q3 2021 and will soon disclose the Shareholder of Record Effective Date, which will provide all Vinco Venture Shareholders an ownership interest in the resultant company as of the Record Effective Date. Additionally, the firms will maintain their previously announced cooperation, allowing them to take use of their present traffic and technology.

>> 7 Top Picks for the Post-Pandemic Economy << 

Vinco CEO Christopher Ferguson commented,

This is a fantastic opportunity for stockholders who were on the books on the effective date. Emmersive’s technology is, industry-changing, and they decided that the best approach to guarantee that shareholders got that value was to divide the two businesses and give them the classic “two bites of the apple.” They’re excited to see what Brian and his team can create, and they have complete faith in their ability to deliver.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

Nova Lifestyle Inc. (NVFY) stock fell during current market trading. Here’s what you should know?

Nova Lifestyle Inc. (NASDAQ: NVFY) stock fell by 30.37% during the current market trading session. Nova Living, Inc. is a well-known, forward-thinking designer and...

Why did Jupiter Wellness Inc. (JUPW) stock plunge in the after-hours?

Jupiter Wellness Inc. (JUPW) shares declined 9.76% in after-hours on Monday, July 19, 2021, and closed at $3.70. Earlier in the morning session on...

Mitcham Industries Inc. (MIND) stock plunged during current market. What’s driving it low?

Mitcham Industries Inc. (NASDAQ: MIND) stock declines by 0.52% in the current market trading session. MIND Technology serves the oceanographic, hydrographic, defense, seismic, and...

Property Solutions Acquisitions Corp. (PSAC) stock soars during pre-market trading. Let’s see why?

Property Solutions Acquisitions Corp. (NASDAQ: PSAC) stock gained by 6.94% at last close while the PSAC stock price surged by 7.84% in the pre-market...

Why did RADA Electronic Industries Ltd. (RADA) stock plunge in the after-hours on Friday?

RADA Electronic Industries Ltd. (RADA) shares lost 7.56% in after-hours on Friday, July 16, 2021, and closed at $11.50 per share. Earlier in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam