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Creatd, Inc. (OTCQB: CRTD) is a leading innovator in digital technology and creator-centric platforms based in the United States. The company provides an array of tools and curated communities to assist creators, from bloggers to podcasters, in effectively monetizing their content. By enabling creators to connect with their ideal audiences and partner with relevant brands, Creatd fosters a robust ecosystem for storytelling and content creation.
The company has recently embarked on a strategic initiative to acquire TAMI Ventures Inc., marking a significant expansion in their portfolio. The proposed acquisition, set to be completed through an all-preferred shares transaction, aims to integrate TAMI Ventures' extensive portfolio of proprietary technology platforms, which include social media, sports betting, fantasy sports, eSports, and more. This merger not only broadens Creatd’s technological assets but also positions the combined entity to tap into the burgeoning sports betting market.
In 2023, the sports betting sector in the United States saw a record $119.84 billion wagered, highlighting its rapid growth and potential. Leveraging TAMI Ventures' capabilities, Creatd plans to introduce an innovative gaming social media platform that will empower digital influencers and content creators. This initiative is expected to generate significant growth synergies and enhance Creatd’s market presence.
Financially, Creatd is demonstrating strong resilience and strategic foresight. Following a reverse stock split, the company saw a 300% increase in valuation and eliminated nearly $1M in payables. The impending Schedule 13G filings by major investors, who control approximately 22% of Creatd’s publicly traded shares, reflect strong investor confidence and a commitment to the company’s growth trajectory.
Despite facing challenges such as delayed financial filings, Creatd remains focused on enhancing its net equity and cash reserves. The company anticipates releasing its 10-K report and Q1 financial filings in mid-2024, underscoring its commitment to transparency and robust financial health. Moving forward, Creatd aims to achieve uplisting to a national exchange, further solidifying its market position and shareholder value.
Jeremy Frommer, CEO of Creatd, Inc., emphasizes the company's dedication to building a diversified portfolio of leading-edge tech and media assets. The continued expansion of Vocal, a 100% owned social media technology platform subsidiary, along with strategic acquisitions, underscores Creatd's commitment to growth and innovation.
Creatd (CRTD) has completed an initial stock swap with Hollywall Entertainment (HWAL), marking a strategic partnership between the two companies. This transaction has improved both companies' balance sheets by enhancing their net equity positions. The collaboration aims to leverage HWAL's extensive content library and Creatd's OG Collection subsidiary to build communities and unlock revenue streams from tangible and digital assets.
Key points:
- Potential for further exchanges of larger equity portions
- Possibility of spinning out shares as special dividends to shareholders
- Focus on HWAL's music industry content and Creatd's AI archiving expertise
- Anticipated market consolidation among micro-cap companies
- Emphasis on Technology, Media, and Telecommunications (TMT) sector acquisitions
Creatd, Inc. ($CRTD) has received approval from FINRA to change its ticker symbol to $VOCL, effective April 3, 2023. CEO Jeremy Frommer announced plans to split the company into three separate publicly traded entities, enhancing its focus on empowering creators. The first spin-off, OG Collection Inc., will file an S-1 to distribute shares as a special dividend to $VOCL shareholders. Additionally, Creatd Ventures, featuring the best-selling product Basis, is set to have its own ticker and CUSIP. These strategic moves aim to broaden shareholder base and combat short selling while representing the company’s mission more accurately.
Creatd, Inc. ($CRTD) has announced a change in its ticker symbol to $VOCL as part of a strategic shift to enhance brand visibility and differentiate itself from competitors. This change aligns with the company's focus on its Vocal platform and plans to spin off its non-core business units, including Creatd Ventures. The spin-off is part of a broader strategy to strengthen its position as a leading technology platform for creators and aims to provide long-term value for shareholders. CEO Jeremy Frommer highlighted the importance of separating matured assets and leveraging blockchain exchanges.
Creatd (CRTD) and BCII Enterprises (BCII) have entered a joint venture agreement, with Creatd holding a 51% stake. The partnership aims to develop a technology platform that allows users to monetize their personal data. Creatd will leverage its nearly 2 million creators from its Vocal platform, reaching an audience of 200 million. The new platform is expected to enhance data privacy options and generate revenue through user data. The launch is anticipated later this year, facilitating potential revenue streams and shareholder benefits, including possible share spin-offs for CRTD shareholders.
Creatd, Inc. (OTCQB: CRTD) announced the engagement of Sichenzia Ross Ference LLP as legal counsel for its anticipated special dividend spin-off of OG Collection, Inc. The Company will file an S-1 and has initiated due diligence with an audit firm to commence audits in early April 2023. The spin-off aims to address issues faced by shareholders in microcap stocks and is projected for completion in Q2 2023. Shareholders on record post-S-1 will be eligible for the special dividend, emphasizing the Company's commitment to shareholder value amid market challenges.
Creatd, Inc. (OTC-PINK: CRTD) has provided an update on its legal dispute with The Lind Partners, LLC regarding a $900,000 convertible promissory note. The Lind Partners demand immediate repayment, alleging breaches by Creatd. Unlike other note holders who restructured their agreements in 2022, The Lind Partners refuse to negotiate further. In response, Creatd has filed a motion to dismiss and intends to seek trading records in the event of discovery. The company acknowledges unusual trading patterns and is committed to resolving the dispute legally while facing continued pressure on its stock value, which has led to its delisting from Nasdaq.
Creatd, Inc. has appointed John Tabacco, former President of tZERO Technologies, to enhance its blockchain strategy and combat illegal trading practices, including naked short selling. Announced on March 3, 2023, this move aligns with the company's objectives to dual list on Upstream and support the spin-off of its subsidiary, OG Collection, Inc.. Tabacco's extensive experience in finance and fintech positions him to lead investigations into abusive trading and develop operational frameworks for the blockchain exchange. This appointment is expected to accelerate Creatd's strategic initiatives and strengthen its market position.
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