Creatd Announces Pricing of Public Offering of Common Stock
Creatd, Inc. (Nasdaq CM: CRTD) has announced a public offering of 750,000 shares of common stock priced at $3.40 per share, totaling approximately $2.6 million. The offering is set to close on June 21, 2021, pending customary conditions, with underwriters having a 30-day option to purchase an additional 112,500 shares. Net proceeds are expected to reach about $2.4 million, intended for general corporate purposes. The Benchmark Company is the sole book-running manager for the offering.
- Total offering size of approximately $2.6 million.
- Net proceeds expected to be $2.4 million for corporate purposes.
- Dilution risk for existing shareholders due to the new share offering.
FORT LEE, N.J., June 17, 2021 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company of Vocal, today announced the pricing of an underwritten public offering of 750,000 shares of its common stock, at a public offering price of
The Company anticipates the aggregate net proceeds from the offering will be approximately
The Benchmark Company, LLC is acting as sole book-running manager for the offering.
The shares of common stock described above are being offered by Creatd, Inc. pursuant to a "shelf" registration statement on Form S-3 (File No. 333-250982) that became effective with the Securities and Exchange Commission (the "SEC") on April 23, 2021, the base prospectus contained therein, and the accompanying prospectus supplement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering has been filed, and a final prospectus supplement and accompanying prospectus related to the offering will be filed with the SEC. Before you invest, you should read the prospectus in the registration statement, the final prospectus supplement, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. Copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC's website at sec.gov or by contacting The Benchmark Company, LLC, Attention: Equity Syndicate Department, 150 East 58th Street, 17th floor, New York, NY 10155, by telephone at (212) 312-6700, or by email at prospectus@benchmarkcompany.com.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology 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 three main business pillars: Vocal Ventures, Creatd Partners, and Recreatd.
For news and updates, subscribe to Creatd's newsletter: https://creatd.com/newsletter
Investor Relations Contact: ir@creatd.com
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SOURCE Creatd, Inc.
FAQ
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