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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, Inc. (Nasdaq CM: CRTD) announced that its functional beverage brand, Dune, was featured on Access Hollywood, highlighting emerging snack trends. Dune, touted as 'Botox in a Bottle,' has gained traction with over 650 cases distributed through influencer programs. The company expects Creatd Ventures to contribute material revenues in Q4 2021. Tom Punch, founder of Dune, expressed excitement about the brand's growth and potential expansion within Creatd Ventures' portfolio.
Creatd, Inc. (Nasdaq CM: CRTD) reported third quarter 2021 revenues of $1.18 million, nearly three times higher than Q3 2020 and a 22% increase from Q2 2021. The company reaffirmed its 2021 revenue guidance of $4.5 to $4.7 million and initiated 2022 guidance of $10 to $15 million. Operating expenses fell by over 50% from Q2 to Q3, while comprehensive loss improved significantly to $(9.7) million, or $(0.71) per share. Creatd's strategic acquisitions and growth in its business segments signal a strong revenue pipeline. The firm anticipates cash flow breakeven by Q3 2022.
Creatd, Inc. (Nasdaq CM: CRTD) has announced a significant milestone, surpassing 100,000 Vocal+ members, a notable increase from 30,000 members reported in June 2021. This growth is attributed to a successful combination of organic, paid, and free trial acquisition strategies, reducing reliance on third-party marketing. Co-CEO Jeremy Frommer highlighted the value of first-party data for enhancing the creator experience, while COO Justin Maury emphasized the introduction of creator subscriptions, allowing creators to establish recurring membership programs.
Creatd, Inc. (Nasdaq CM: CRTD) has launched 'Interview,' the 40th community on its Vocal platform, aiming to celebrate investigative storytelling. This new community allows creators to showcase dialogues with various professionals and share interviews among the 1.2 million creators on Vocal. Co-CEO's Laurie Weisberg and Jeremy Frommer highlighted that Interview would enhance connectivity across Creatd's four revenue pillars—technology, brand partnerships, e-commerce, and production. The community supports diverse media formats, facilitating rich, multimedia storytelling.
Creatd, Inc. (Nasdaq CM: CRTD) provided an update on its financial status, announcing a successful registered direct offering of 850,000 shares, yielding over $3.4 million in net proceeds. The total cash raised recently, including warrant exercises, is over $7.8 million, strengthening its balance sheet. Creatd has significantly reduced its debt by 56% to $1.1 million and expects $1.6 to $1.8 million in revenues for Q4 2021, showcasing continued growth despite ongoing supply chain challenges.
Creatd, Inc. (Nasdaq CM: CRTD) has completed a registered direct offering of its common stock, raising approximately $3,825,000 at a price of $4.50 per share. The net proceeds, around $3.4 million after agent fees, will be used for general corporate purposes. The offering was executed under an effective shelf registration statement with the SEC. The Benchmark Company, LLC served as the exclusive placement agent. This offering may affect shareholders through potential dilution.
Creatd, Inc. (Nasdaq CM: CRTD) announced a registered direct offering priced at $4.50 per share, aiming to raise $3,825,000. The offering is set to close on October 27, 2021, subject to customary conditions. The company expects net proceeds of approximately $3.6 million for general corporate purposes. Recently, the company raised an additional $3,939,435 through the exercise of warrants and converted $1,141,669 in convertible debt into 228,334 shares. Co-CEO Jeremy Frommer stated that this strengthens the company's financial position significantly.
Creatd, Inc. (Nasdaq CM: CRTD) has announced its second non-fungible token (NFT) art drop featuring three photographs of former President Donald Trump. These unique images are listed on the OpenSea platform with an asking price of 240 ETH, which includes a high-resolution JPG and a large-scale print. The photos, previously unearthed from the collection of Bob Guccione, have been publicized in major media outlets. The first NFT drop was successful, with all artworks sold. Creatd aims to expand its NFT strategy and leverage economic opportunities for creators.
On October 22, 2021, Creatd, Inc. (CRTD) announced the signing of TikTok creator Alexis LaRue, known for her viral parenting content. LaRue, alongside her fiancé Leo Mejia and their twins, has attracted significant attention on social media, with nearly 800,000 followers. WHE Agency, part of Creatd, has secured a sponsorship deal with Gerber for LaRue, aiming to provide resources to enhance visibility and opportunities for creators. CEO Tracy Willis expressed optimism about the partnership, which leverages Creatd's platform for long-term success.
Creatd, Inc. (Nasdaq CM: CRTD) has unveiled a revamped identity for its e-commerce healthy food brand, Camp, which includes a new website and product offerings—Vegan Cheezy Mac and Twist Veggie Pasta. Launched in 2020, Camp has gained popularity among consumers seeking healthier comfort food. The company aims to expand its distribution beyond e-commerce into major retail outlets. Despite facing supply chain challenges, Creatd Ventures, the parent company, remains optimistic about achieving sales goals in 2022.
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