Creatd Closes $4MM Private Placement; Upcoming Rights Offering to Enable Existing Shareholders to Purchase $2.00 Units Consisting of Common Stock and Publicly Tradable Warrants
Creatd, Inc. (Nasdaq CM: CRTD) has successfully closed a private placement raising $4 million, priced at $2.00 per unit, significantly above the market close on 05/28/22. Concurrently, the company is preparing for a $40 million Rights Offering, allowing existing shareholders to purchase units at the same price. Each unit includes one share of common stock and two publicly tradable warrants. The record date for the offering will be announced following SEC review of the registration statement.
- Successfully closed a private placement of $4 million at a price of $2.00 per share, which is 82% above the market close on 05/28/22.
- Upcoming $40 million Rights Offering enables existing shareholders to purchase shares at $2.00, promoting investor participation.
- None.
- Company closes its private placement priced at
$2.00 ,82% above 05/28/22 market close, to be disclosed in an 8-K filing today. - Record Date for the Company's
$40M M Rights Offering to be set pending review registration statement by the SEC. - Rights Offering to enable each holder of record of Creatd's common shares, warrants, options, or preferred stock to purchase
$2.00 Units, consisting of one share of common stock and 2 publicly tradable warrants.
NEW YORK, June 3, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that it has closed its previously discussed private placement with an aggregate principal amount of
This financing was executed concurrently with the ongoing review by the Securities and Exchange Commission (SEC) of the Company's registration statement for its previously announced
Pursuant to the Rights Offering, the Company intends to distribute two subscription rights for each share of common stock or share which may be acquired via conversion or exercise of preferred stock, warrants, or options. Each subscription right would entitle the holder to purchase one Unit at a subscription price of
The aforementioned Rights Offering is to be made pursuant to the Company's registration statement on Form S-1, which has not yet been declared effective by the SEC. The prospectus relating to and describing the terms of the Rights Offering has been filed with the SEC on May 27, 2022, and is available on the SEC's website at EDGAR Entity Landing Page (sec.gov).
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer will be made only by means of a prospectus forming part of the registration statement.
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. The Company has four main business segments, or 'pillars': Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios. Each pillar is characterized by a distinct revenue model, while operating on a shared-services structure and proprietary data collected from our multiple technology platforms. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/creatd-closes-4mm-private-placement-upcoming-rights-offering-to-enable-existing-shareholders-to-purchase-2-00-units-consisting-of-common-stock-and-publicly-tradable-warrants-301560800.html
SOURCE Creatd, Inc.
FAQ
What are the details of the private placement by Creatd (CRTD)?
What is the purpose of the upcoming Rights Offering for Creatd (CRTD)?
When will the record date for Creatd's Rights Offering be announced?
