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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. (OTCQB: CRTD) announced the launch of CEOBLOC, an online community aimed at combating naked short-selling and abusive trading practices in capital markets. The initiative introduces a Founding Members program, offering exclusive benefits such as access to specialized content from industry leaders, members-only chat, participation in conference calls, and an invitation to the upcoming CEOBLOC Conference. CEO Jeremy Frommer stated that CEOBLOC aims to unite stakeholders in addressing vulnerabilities and obstacles faced by public companies, particularly smaller-cap firms, in today's market environment.
Creatd, Inc. will host its 2022 Annual Meeting of Stockholders on January 18, 2023, at 4:30 PM EST. Shareholders as of November 18, 2022, are eligible to vote. The virtual meeting will feature remarks from CEO Jeremy Frommer regarding the company's challenges with naked shorting practices. Creatd is also pursuing a spin-off of its OG Collection media assets and a potential $100 million stock-for-stock acquisition with GTII. Frommer emphasizes efforts to stabilize revenues and reduce operating expenses, while also unlocking value for shareholders.
Creatd, Inc. (OTCQB: CRTD) announced the retention of Christian Levine Law Group to investigate issues related to naked short selling and stock fraud. Chairman and CEO Jeremy Frommer highlighted the detrimental effects of naked short selling, describing it as creating artificial shares that harm company integrity and investor interests. The firm aims to combat these practices, which have negatively impacted many investors. This strategic move aligns with Creatd's mission to enhance economic opportunities and strengthen the creator economy.
Creatd, Inc. (OTCQB: CRTD) announced its intent to dual-list on Upstream in January 2023, with plans to spin off OG Collection, Inc. and subsequently list it on the OTC market. The OG Collection successfully sold over 900 of a limited NFT drop within the first day, marking a significant revenue milestone. The new NFT drop features unique images from OG archives and includes a 10% royalty on secondary market sales. CEO Jeremy Frommer highlighted the unique advantages of the company's technology and first-party data in aiding brands in the NFT space.
Creatd, Inc. (OTCQB: CRTD) has engaged Shareholder Intelligence Services, LLC to combat potential illegal naked short-selling activities. The partnership aims to enhance market surveillance and protect shareholder interests. CEO Jeremy Frommer emphasized the necessity of this action to uphold market integrity. This move follows the establishment of CEOBloc, further demonstrating the company's commitment to addressing trading irregularities. Creatd's mission is focused on providing economic opportunities within the creator economy.
Creatd, Inc. (OTCQB: CRTD) has launched the largest-ever NFT drop featuring unique archival assets from its OG Collection. This initiative is part of the company's strategy to spin off the OG Collection onto the OTC Market in Q1 2023. The early sales results confirm the viability of this monetization approach. Additionally, the OG Gallery will serve as a key component of its Web 3.0 strategy, providing benefits such as exclusive merchandise and VIP access to NFT holders. Creatd aims to position itself at the forefront of the NFT space, enhancing opportunities for creators.
Creatd, Inc. (OTCQB: CRTD) has announced the completion of its first tranche of private financing for its media subsidiary, OG Collection, Inc., capturing 7.5% of its equity. The OG Collection, valued between $15MM to $20MM, is expected to go public in Q1 2023. Creatd has retained Sichenzia Ross Ference LLP for the spin-off, ensuring only shareholders of record will receive shares in the new entity. The company is also exploring additional strategies for other subsidiaries, aiming to enhance shareholder value.
Creatd, Inc. (OTCQB: CRTD) announced the upcoming launch of its largest NFT art drop, featuring 1,000 unique generative NFTs from the OG Gallery. Starting December 15, 2022, at 12PM EST, these NFTs can be minted for 0.02 ETH. The drop is based on archival materials from the OG Collection, combining rare images and archival elements. NFT holders will receive exclusive perks, including framed prints and early access to future drops. Additionally, Creatd confirmed a Letter of Intent to sell 25% of the OG Collection for approximately $2.5 million.
On December 6, 2022, Creatd, Inc. (OTCQB: CRTD) announced a Letter of Intent (LOI) for the sale of 25% equity in its subsidiary OG Collection, Inc. to Dorado Goose LLC for $2.5 million. This transaction values OG Collection at $10 million post-money. Following the sale, ownership stakes for existing shareholders will adjust from 80% to 60%, and management's share will decrease from 20% to 15%. The OG Collection houses a vast media archive, including images, original artworks, and footage. This move aims to enhance monetization efforts and expedite the spin-off process into a publicly listed entity.
Creatd, Inc. (OTCQB: CRTD) has appointed Erica Wagner, a renowned author and critic, to its board of directors. Wagner brings over 25 years of experience, having served as the Literary Editor of the London Times and as a judge for prestigious literary awards. Previously a strategic advisor for Creatd, she played key roles in editorial practices and the launch of Vocal's first podcast. Her appointment aims to enhance the company's creative direction and long-term vision for creators, positioning Creatd for potential growth in the creator economy.
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