Welcome to our dedicated page for Creatd news (Ticker: VOCL), a resource for investors and traders seeking the latest updates and insights on Creatd stock.
Creatd, Inc. (symbol: VOCL) is a dynamic, publicly traded holding company headquartered in Fort Lee, New Jersey. Formerly known as Jerrick Media Holdings, Inc., the company rebranded to Creatd, Inc. in September 2020. Creatd's primary focus is on developing digital communities and marketing branded digital content through its innovative platform, Vocal.
Vocal is a content distribution platform that hosts rich media content organized into niche communities, providing advertisers with highly targeted markets. This unique platform not only empowers creators to share their work but also allows them to monetize their content effectively. Vocal's ecosystem is designed to drive user engagement and support financial growth for both creators and investors.
Recently, Creatd announced a significant milestone: its subsidiary, Vocal, Inc., has initiated a Regulation Crowdfunding (Reg CF) campaign. This strategic move aims to reduce the holding company's reliance on external funding sources, thereby minimizing dilution and avoiding toxic lending structures. The Reg CF campaign offers creators and traditional investors the opportunity to invest in Vocal, enhancing both the community and the platform's value.
Jeremy Frommer, CEO of Creatd, emphasized the importance of this initiative, highlighting its role in reinforcing the company's foundation and aligning the interests of creators and investors. Justin Maury, CEO of Vocal, echoed this sentiment, inviting the community to take a financial stake in the platform they have helped build.
Financially, Creatd is focused on improving its balance sheet and reducing operational costs. The company plans to divest portions of its subsidiaries, securing private funding to enhance shareholder value. This strategy includes possibly spinning off these entities into publicly listed companies, further demonstrating Creatd's commitment to growth and innovation.
Creatd continues to engage with its shareholders through transparent communication and forward-looking statements, cautioning investors about the inherent uncertainties in future projections. However, by focusing on strategic partnerships and ongoing legal support, the company aims to protect and enhance shareholder value.
For more information, visit Vocal and Creatd's official website.
Creatd, Inc. (OTC-PINK:VOCL) announced record gross revenues of $10 million for FY 2022, marking a 47% increase from $6.6 million in FY 2021. GAAP revenues rose to $4.8 million (up 12% year-over-year). The company forecasts over $5 million in GAAP revenues for FY 2023. Notably, operating expenses decreased significantly in 2022, with a near 50% reduction already seen in Q1 2023. The net loss improved to $33 million from $43 million, reflecting ongoing financial stability efforts. Moving forward, Creatd plans to divide into three separate entities, preparing for an uplist to the NYSE as part of its strategic restructuring.
Creatd, Inc. ($CRTD) has received approval from FINRA to change its ticker symbol to $VOCL, effective April 3, 2023. CEO Jeremy Frommer announced plans to split the company into three separate publicly traded entities, enhancing its focus on empowering creators. The first spin-off, OG Collection Inc., will file an S-1 to distribute shares as a special dividend to $VOCL shareholders. Additionally, Creatd Ventures, featuring the best-selling product Basis, is set to have its own ticker and CUSIP. These strategic moves aim to broaden shareholder base and combat short selling while representing the company’s mission more accurately.
FAQ
What is the market cap of Creatd (VOCL)?
What does Creatd, Inc. do?
What is Vocal?
What is the purpose of the recent Regulation Crowdfunding (Reg CF) campaign by Vocal, Inc.?
How does Creatd, Inc. plan to enhance shareholder value?
What recent achievements has Creatd, Inc. announced?
Who is the CEO of Creatd, Inc.?
Where is Creatd, Inc. headquartered?
What was Creatd, Inc. formerly known as?
How can I learn more about investing in Vocal's Reg CF campaign?
What are the forward-looking statements made by Creatd, Inc.?
