Vinco Ventures skyrockets over 300% after inking merger deal with Zash wdaniel@businessinsider.com (Will Daniel)
Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash.
Zash is a digital media company focused on creating a virtual Hollywood for influencers and content creators.
Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday.
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Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space.
It is now set to merge with Zash, a media, entertainment, and content-focused technology company led by co-founders Ted Farnsworth, Jaeson Ma, and Vincent Butta. Zash aims to build a virtual Hollywood with its proprietary platform where it can help influencers and content creators expand their brands.