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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: CRTD) announced a $40 million Rights Offering with a Record Date of July 29, 2022. Shareholders must acquire CRTD shares by 4:00 PM ET on July 27 to be eligible for subscription rights. Each eligible shareholder will receive two subscription rights for every share owned, allowing them to purchase units at $2.00 each, which include common stock and two redeemable five-year warrants priced at $3 and $6. The offering includes an over-subscription privilege. Proceeds will fund the company’s expansion plans.
Creatd, Inc. (Nasdaq CM: CRTD) has opened registration for its Investor Day on July 21, 2022, at 4:00 PM EST, held in New York City. Attendees can register to participate virtually or apply for in-person attendance, limited by available seating. The event will feature a management presentation followed by a Q&A session. Interested parties can sign up at creatd.com/investor-day-2022. The company aims to unlock creativity through its various business pillars.
Creatd, Inc. (Nasdaq CM: CRTD) has announced its inaugural participation in Amazon's Prime Day program, providing a new income stream and expanding audience reach for its consumer product goods. The Company operates through Creatd Ventures, established in 2021, which focuses on creator-driven brands. Creatd has experienced record revenue growth in CPG and is actively seeking acquisition opportunities. Key brands Camp and Basis will offer discounts during Prime Day. Discussions are ongoing with major retailers to further increase distribution.
Creatd, Inc. (Nasdaq CM: CRTD) has filed an amendment to its registration statement on Form S-1 regarding a $40 million Rights Offering. This follows the announcement of an Investor Day scheduled for July 21, 2022, aimed at educating shareholders on the company's expansion plans. Executive Chairman Jeremy Frommer emphasized the offering as a significant opportunity for shareholders to invest alongside management in the company's growth. The filing can be accessed via the SEC's website for more details.
Creatd, Inc. (Nasdaq CM: CRTD) has announced its Investor Day scheduled for July 21, 2022, where it will showcase its Vocal app along with updates from various brands. The event is touted as a pivotal moment since Vocal's launch in December 2016. Founder Jeremy Frommer stated it will feature a live-streamed broadcast and a Q&A session. Further registration details will be provided soon, reinforcing Creatd's commitment to enhancing economic opportunities for creators through its four business pillars.
Creatd (Nasdaq: CRTD) announced the upcoming launch of its Vocal mobile app, set for select users in June and full rollout by mid-July. The platform has seen significant engagement, with over 150,000 stories submitted and nearly $1 million awarded in Challenge rewards. The Fiction community on Vocal has published 40,000 stories from 18,000 creators. The company is shifting its marketing focus to annual subscriptions, enhancing creator Lifetime Value (LTV). Vocal's user base reaches 175 million globally, with a strong presence in North America and Asia.
Creatd (Nasdaq CM: CRTD) announced its 2022 production slate focusing on three projects under Creatd Studios. This includes the adaptation of the memoir No One's Pet, which reveals insights into media magnate Bob Guccione. The screenplay, in development with Hollywood's Adam Markovitz, aims for a mid-2023 release of a new edition of the memoir. Additionally, a fiction anthology featuring winning stories from Vocal creators is set for publication, and Creatd Ventures is developing a graphic novel titled Steam Wars. These initiatives leverage Creatd's multi-faceted resources.
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.
Creatd, Inc. (Nasdaq CM: CRTD) announced a successful first full quarter for its clean hydration beverage brand, Basis, projecting over $200K in sales. The company's customer acquisition costs (CAC) are at their lowest while lifetime value (LTV) is the highest among its portfolio brands. Basis made its brick-and-mortar debut at Erewhon Market and partnered with Pod Foods for distribution. Following its acquisition, Basis is leveraging Creatd's established distribution networks, significantly contributing to the anticipated profitability of its portfolio brands.
Creatd, Inc. (Nasdaq CM: CRTD) has announced a private placement totaling $4 million to support its expansion plan. The placement involves selling convertible debentures and warrants priced at $2.00 per share, which is 82% above its last market close. Management, along with institutional investors, arranged this financing without a placement agent. The offering is expected to close around May 31, 2022, and is subject to customary conditions. The company aims for breakeven EBITDA as its core businesses show monthly revenue growth.
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