- The stock price of Vinco Ventures Inc (NASDAQ: BBIG) fell by 25.66%. This is why it happened.
The stock price of Vinco Ventures Inc (NASDAQ: BBIG) fell by 25.66%. Investors appear to be responding to a merger update.
Vinco’s wholly-owned merger subsidiary Vinco Acquisition Corporation and ZASH extended the period to close their merger until May 28, 2021, in order to provide the parties with additional time to formalize a final definitive agreement and plan of merger and to achieve the parties’ respective closing conditions, including the completion of an audit of Singapore based Lomotif Private Limited – which ZASH intends to acquire concurrently with its merger with Vinco.
Vinco, Vinco’s merger subsidiary, and ZASH formalized this extension pursuant to a First Amendment to the current Agreement to Complete a Plan of Merger – which was executed by the parties and filed with the SEC on March 30, 2021, on Form 8-K.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.