Creatd, Inc. Completes Testing of Waters and Elects Not to Proceed with its $40MM Rights Offering
Creatd, Inc. (Nasdaq CM: CRTD) announced it will not proceed with its proposed $40 million Rights Offering after testing the waters. The company's decision reflects its current assessment of market conditions and investor interest. Creatd is dedicated to unlocking creativity across various sectors through its four main business pillars. The company emphasizes caution regarding forward-looking statements, highlighting potential uncertainties that could affect future performance. Investors should note the lack of details on financial performance in this context.
- None.
- Company will not proceed with $40 million Rights Offering, which may indicate concerns about market conditions or investor interest.
NEW YORK, July 29, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that, after testing the waters for its proposed Rights Offering, it has elected not to proceed with the offering at this time.
Creatd, Inc. (Nasdaq CM: CRTD) is a company dedicated to unlocking creativity for creators, brands, and consumers. 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
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:https://www.prnewswire.com/news-releases/creatd-inc-completes-testing-of-waters-and-elects-not-to-proceed-with-its-40mm-rights-offering-301596256.html
SOURCE Creatd, Inc.
FAQ
What did Creatd, Inc. announce on July 29, 2022?
What is the significance of Creatd's decision regarding the Rights Offering?
What is the stock symbol for Creatd, Inc.?
What are the four business pillars of Creatd, Inc.?
What should investors consider from Creatd's press release?
