Creatd Announces Decision of Nasdaq Hearings Panel Regarding Continued Listing of Creatd's Stock

Rhea-AI Summary

Creatd, Inc. (Nasdaq: CRTD) has received approval from the Nasdaq Hearings Panel to continue its stock listing, contingent upon meeting specific compliance requirements. The company must report shareholders' equity of at least $2.5M by March 31, 2022, and disclose successful fundraising activities by August 29, 2022. CEO Laurie Weisberg expressed optimism about achieving the company's regulatory and operational objectives.

Positive

• Continued stock listing approval from Nasdaq Hearings Panel.
• Opportunity to meet compliance requirements to maintain listing.

Negative

• Requires shareholders' equity of at least $2.5M by March 31, 2022.
• Must disclose successful fundraising by August 29, 2022.

• Nasdaq Hearings Panel approves continued listing of Creatd's stock, subject to continued compliance requirements.

NEW YORK, April 22, 2022  /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), a creator-first holding company, today announced that it has received the decision of the Hearings Panel (the "Panel") of The Nasdaq Capital Market (the "Exchange") advising the Company that the Panel determined to permit the continued listing of the Company's securities on the Exchange, subject to the Company disclosing shareholders' equity of at least $2.5M as of March 31, 2022 in its Form 10-Q and disclosing the successful completion of fund-raising activities and the Company's long-term compliance with the Exchange's continued listing requirements in a Form 8-K on or before August 29, 2022.

Commented CEO Laurie Weisberg, "We are looking forward to executing upon our previously-stated regulatory, operational, and business objectives. We are grateful that the Nasdaq has granted us the opportunity to do so."

About Creatd

Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology holding company and the parent company of the Vocal platform. Our mission is to empower creators, entrepreneurs, and brands through technology and partnership. We accomplish this through Creatd's four business pillars: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.

Creatd: https://creatd.com/;

Creatd IR: https://investors.creatd.com/;

Vocal Platform: https://vocal.media/;

Investor Relations Contact: ir@creatd.com

Forward-Looking Statements

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

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SOURCE Creatd, Inc.

FAQ

What does Creatd need to comply with for continued Nasdaq listing?

Creatd must report shareholders' equity of at least $2.5M by March 31, 2022, and disclose successful fundraising by August 29, 2022.

What decision did the Nasdaq Hearings Panel make for CRTD?

The Nasdaq Hearings Panel approved the continued listing of Creatd's stock subject to compliance requirements.

When is the deadline for Creatd to disclose its fundraising activities?

Creatd must disclose its successful fundraising activities by August 29, 2022.

What is the significance of the Nasdaq approval for CRTD investors?

The Nasdaq approval allows CRTD to remain listed, which is crucial for investor confidence and stock liquidity.