Welcome to our dedicated page for CREATD NEW news (Ticker: CRTD), a resource for investors and traders seeking the latest updates and insights on CREATD NEW stock.
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 a private placement of its Series E Convertible Preferred Stock and warrants, aiming to raise approximately $7.77 million. The financing is expected to close by January 4, 2021, with net proceeds directed towards meeting Nasdaq's equity requirements, enhancing marketing initiatives, repaying debt, and funding working capital. The Preferred Stock is convertible into up to 1,887,810 shares of common stock, and comes with warrants for an additional 2,831,715 shares at an exercise price of $4.50.
Creatd (Nasdaq CM: CRTD) has released its 2020 Year in Review, showcasing how its Vocal platform supported creators during a challenging year. Over 120,000 stories were submitted, with creators earning more than $400,000, including $195,000 through competitive Challenges. CEO Jeremy Frommer emphasized that the company's success is linked to the success of its creators. Vocal also raised awareness on key global issues. The report highlights the platform's impact on storytelling and creator engagement amid significant global challenges.
Creatd, Inc. (Nasdaq CM: CRTD) announced a partnership with Plant Camp to launch a healthy mac and cheese product for kids. This venture marks the debut of Creatd's corporate division, Creatd Partners. The U.S. mac and cheese market is valued at $1.2 billion, and Plant Camp aims to address a gap for healthier options. Creatd has provided seed capital and resources for Plant Camp, acquiring a 30% ownership stake. The product is available for pre-order through Plant Camp's e-commerce site, with future plans to expand to big box retailers.
Creatd, Inc. (Nasdaq CM: CRTD) announced a significant milestone with the conversion of its 10,000th freemium creator to a paid Vocal+ subscriber, surpassing year-end targets. The Vocal+ subscriber base has grown by over 33% recently, while subscriber acquisition costs remain low. Creatd's Vocal platform continues onboarding more than 1,000 new freemium creators daily, and the company anticipates generating an additional $100,000 in recurring monthly revenue. Creatd aims for fourth-quarter revenues between $550,000 and $650,000, with potential first-quarter revenues reaching $1 million.
Creatd, Inc. (Nasdaq CM: CRTD) reported Q3 2020 revenues of approximately $425,000, a 32% increase from Q2 and over four times higher than Q3 2019. The company successfully up-listed to the Nasdaq, raising about $7.8 million in gross proceeds. Operating expenses surged to approximately $7.4 million due to non-recurring costs and performance-based stock options. Despite a comprehensive loss of $13.6 million, management anticipates revenue growth to continue into Q4. Notably, total liabilities decreased dramatically from $15.5 million to $3.3 million, reflecting strong financial management.
Creatd, Inc. (NASDAQ:CRTD) has announced a webcast scheduled for November 17, 2020, at 11 a.m. ET, to discuss its third quarter 2020 financial results and update on business development initiatives. The financial results will be issued on November 16, 2020, following the market close. The webcast will include a Q&A session, allowing participants to submit questions. Creatd's platform, Vocal, supports diverse creators with tools for storytelling and monetization.
Creatd, Inc. (NASDAQ: CRTD) announced the appointment of LaBrena Jones Martin to its Board of Directors. With nearly 40 years in corporate and securities law, she will chair the Corporate Governance and Nomination Committee, and serve on the Compensation and Audit Committees. Martin's experience includes roles at the SEC and Royal Bank of Canada, making her a valuable addition as Creatd aims for growth as a newly listed company. Chairman Mark Standish emphasized her capability in guiding companies during significant growth phases, highlighting the anticipated expansion of Creatd.
Creatd, Inc. (NASDAQ: CRTD) has appointed Laurie Weisberg as its new Chief Operating Officer, effective immediately. Weisberg, who previously served on the Company's board, will spearhead sales and strategic partnerships to drive growth. Her experience includes leadership roles at Intent and Thrive Global. This appointment aligns with Creatd's 2021 strategy to expand its product offerings and revenue streams, particularly through its Vocal platform, which has over 700,000 content creators. The company aims to leverage first-party data to enhance brand engagement and growth.
Creatd, Inc. (NASDAQ: CRTD) has successfully closed a public offering of 1,725,000 units of securities at $4.50 per unit, generating total proceeds of $7,762,500. Each unit comprises one share of common stock and a warrant exercisable at $4.50 for five years. Trading for both common stock and warrants commenced on September 11, 2020. Additionally, the underwriters have a 45-day option to purchase up to 258,750 additional shares to cover over-allotments. The offering was managed by The Benchmark Company, LLC, along with co-managers Aegis Capital Corp. and Brookline Capital Markets.
Creatd, Inc. (NASDAQ: CRTD) has announced the pricing of its public offering of 1,725,000 units at $4.50 per unit, generating gross proceeds of $7.7625 million. Each unit consists of one share of common stock and one warrant, exercisable at $4.50 for five years. The stock will trade on Nasdaq under CRTD and CRTDW from September 11, 2020. The company has granted underwriters a 45-day option for additional shares. Proceeds will fund marketing, debt repayment, and R&D. Closing is expected around September 15, 2020.
FAQ
What is the current stock price of CREATD NEW (CRTD)?
What is the market cap of CREATD NEW (CRTD)?
What does Creatd, Inc. do?
What recent transaction has Creatd, Inc. announced?
How will the acquisition of TAMI Ventures benefit Creatd?
What financial changes have occurred recently at Creatd?
Who are the major investors in Creatd, Inc.?
What is the significance of the Schedule 13G filings?
When will Creatd release its financial reports?
What is Creatd's long-term strategic focus?
What is Vocal, and how does it relate to Creatd?
Who should I contact for media inquiries about Creatd?
