Lucosky Brookman LLP Client Vinco Ventures Completes Acquisition of Lomotif Private Limited Through ZVV Media Partners, Its Joint Venture with Zash Global Media and Entertainment.
Lucosky Brookman LLP congratulates its client Vinco Ventures, Inc. (NASDAQ: BBIG), a leader in selective acquisitions leveraging new market opportunities. The company is pleased to close the Lomotif Private Limited ("Lomotif") acquisition, which owns the Lomotif short form video platform, through their joint venture entity ZVV Media Partners. This acquisition makes ZVV Media, a subsidiary of Vinco Ventures Inc., one of the most powerful global short form media companies in the marketplace.
"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."
Lucosky Brookman Managing Partner, Joseph Lucosky, commented, "Congratulations to our client, Vinco Ventures, Inc., on this outstanding accomplishment. The successful closing of this acquisition is the result of a remarkable team effort. Through the hard work of Chris Ferguson and the rest of the Vinco team, management has enabled the creation of shareholder value. We look forward to continuing to serve Vinco as it’s legal counsel as they continue to achieve great things for the company and shareholders."
Lucosky Brookman acted as corporate and securities counsel to Vinco Ventures, Inc. BTIG, an Investment Bank, represented ZASH on the buy side of the Transaction. Palladium Capital Group, LLC served as advisor on the capital raise to fund the Transaction.