Creatd Approved to Begin Trading on Upstream February 14th, 2023

Creatd, Inc. (OTCQB: CRTD) announced its upcoming dual listing on Upstream, a trading platform for digital securities and NFTs, starting February 14, 2023, at 10:00am ET.

Rhea-AI Summary

Creatd, Inc. (OTCQB: CRTD) announced its upcoming dual listing on Upstream, a trading platform for digital securities and NFTs, starting February 14, 2023, at 10:00am ET. This dual listing aims to access a digital-first investor base while enhancing liquidity and price discovery through trading options including USDC, credit, debit, and PayPal. Management plans to transfer securities to Upstream to boost liquidity and restrict short-selling practices. Additionally, the company intends to offer some shares on the Blockchain, further globalizing investor access. CEO Jeremy Frommer emphasized a focus on long-term value for shareholders and a higher quality market environment.

Positive

• Approval for dual listing on Upstream, enhancing trading options and liquidity.
• Access to digital-first investors, potentially increasing shareholder base.
• Management's commitment to transferring securities to support liquidity.
• Shares offered on Blockchain exchange to expand international investor reach.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 7, 2023 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), today announced its approval to dual list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex ("Horizon") and MERJ Exchange Limited ("MERJ"). Trading begins on Upstream on February 14, 2023, at 10:00am ET under the ticker symbol CRTD.

The dual listing on Upstream is designed to provide Creatd the opportunity to access a digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in Creatd.

Upon the completion of the listing, Creatd management and other key investors have committed to transferring securities to the Upstream exchange to create liquidity and support the Company's dual listing objectives. The Company recommends investors take advantage of this unique opportunity to create transparency and help control abusive trading practices. Stock transferred to the Upstream exchange cannot be borrowed or hypothecated and thus is not available as a borrow to short the stock.

Management intends on offering some of its shares on the Blockchain exchange to increase Creatd's global shareholder liquidity and expand its international investor community on the Upstream platform. Management also intends to purchase shares through the platform when Upstream, as expected soon, adds that capability for U.S. citizens.

Global investors can get ready to trade by creating an account on Upstream and completing a simple "know your customer" identity verification. Details on the Creatd listing and how shareholders can deposit shares, trade on Upstream, and claim the free commemorative NFT can be found at https://investors.creatd.com/resources/faqs/default.aspx. Shareholders may also be entitled to participate in future digital promotions which may be redeemed for products, services, or experiences for added value.

Commented Jeremy Frommer, "As Chairman and CEO, my focus remains on creating long-term value for verified CRTD shareholders and on fostering a higher quality market environment for our stock. In addition, I am committed to utilizing the power of Upstream by providing dividend opportunities through the platform and forcing a reconciliation of our outstanding physical shares. Upstream combines best-in-class technology with enforcement practices that work together to protect both issuers and investors. We are excited to announce Creatd's approval to dually-list on Upstream and begin trading on February 14th, 2023."

About Creatd

Creatd, Inc. (OTCQB: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.

Creatd: https://creatd.com;

Creatd IR: https://investors.creatd.com;

Vocal Platform: https://vocal.media;

Investor Relations Contact: ir@creatd.com 

About Upstream

Upstream, a MERJ Exchange Market, is a fully regulated global stock exchange for digital securities and NFTs. Powered by Horizon's proprietary blockchain-powered matching engine technology, the platform enables users to trade NFTs, and invest in securities for IPOs, crowdfunded companies, U.S. & international equities, and celebrity ventures using the Upstream app. For more information, please visit https://upstream.exchange/. Upstream is currently accepting applications to dual list at https://upstream.exchange/getlisted.

Disclaimers

This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.

NFTs received have no economic value, royalties, equity ownership, or dividends. NFTs are for utility, collection, redemption and display only.

*If you are a U.S. or Canadian-based citizen or permanent resident that has invested in a company that's listed on Upstream, you may transfer your shares to Upstream and sell them on Upstream's trading app for liquidation purposes only. You are not permitted to purchase shares of other companies listed on Upstream at this time. Anyone may buy and sell NFTs on Upstream.

If funding Upstream with an ACH or wire bank payment, users must complete Upstream's in-app KYC process to get their new, FDIC insured, Upstream U.S. bank account details via email. Users may then initiate a funds-transfer from their bank or financial institution to this new U.S. Dollar bank account. If you haven't completed KYC yet, or didn't select 'Bank' as the 'Deposit From' option when you completed the process initially, then please go through KYC again selecting the 'Bank' payment method. Users may complete the simple KYC process by tapping the settings icon and the KYC option inside the Upstream app. 

Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, and a full member of ANNA. MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agreed to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. There can be no assurance the valuation of any particular company's securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.

Forward-Looking Statements

This communication contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

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SOURCE Creatd, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Creatd start trading on Upstream?

Creatd will begin trading on Upstream on February 14, 2023, at 10:00am ET.

What is the purpose of Creatd's dual listing on Upstream?

The dual listing aims to provide access to a digital-first investor base, enhancing liquidity and price discovery.

How does Creatd plan to increase liquidity on Upstream?

Creatd management and key investors plan to transfer securities to Upstream to create liquidity.

What investments can be made on Upstream?

Investors can trade using USDC digital currency along with credit, debit, and PayPal.

Who commented on the Creatd dual listing announcement?

Jeremy Frommer, Chairman and CEO, emphasized creating long-term value for shareholders.