Creatd, Inc. (CRTD) acquires and operates technology-driven businesses in aviation, media and advisory services through a shared-services model. Company news centers on Flyte, its aviation subsidiary, including AI-enabled regional aviation, private charter activity, aircraft fleet additions and the FAA Part 135 Air Carrier Certificate referenced in company updates.
Recurring developments also include audited financial reporting, registration-statement activity, shareholder meetings, governance proposals, portfolio-company transactions and capital-structure actions such as the completed 1-for-20 reverse stock split. Updates frequently connect Creatd’s operating subsidiaries with its broader capital-markets and reporting-status strategy.
Creatd, Inc. (Nasdaq CM: CRTD) announced it has delivered a Regulation SHO notification to D.F. King & Co., Inc. to ensure compliance regarding short selling of CRTD and CRTDW. The notification includes the Record Date for the company's upcoming $40 million Rights Offering. Founder Jeremy Frommer emphasized the importance of adhering to Regulation SHO to protect shareholders from naked short selling, which occurs when shares are sold without confirmation of availability. This notification aims to maintain a fair market environment.
Creatd has signed a Memorandum of Understanding to acquire Brave, a healthy breakfast brand, marking its fourth acquisition under the Ventures pillar. The acquisition is expected to close soon and should be immediately accretive to revenues. Additionally, Creatd closed a private placement raising $2.15 million, with proceeds allocated to expansion initiatives, including technology development. The private placement includes convertible debentures and warrants, with the company aiming to enhance its brand portfolio and accelerate growth.
Creatd, Inc. (Nasdaq CM: CRTD) announced the link to join its Investor Day presentation on July 21, 2022, at approximately 4:45PM EST. The presentation will cover the Company's expansion plans and details regarding its $40 Million Rights Offering. Interested shareholders who pre-registered will receive an email notification with the viewing link. The presentation aims to provide insights into the Company's four business pillars: Creatd Labs, Partners, Ventures, and Studios.
Creatd has launched its first iOS app exclusively for Vocal+ premium members, enhancing user engagement and audience growth. The app is set for a public release on August 15, 2022. Key features include a new payment system, Vocal Coins, designed to facilitate transactions within the app. Creatd aims to foster connectivity within its creator community through features like live chat, personalized story feeds, and subscriber-only stories. The initiative is seen as a strategic move to increase subscriber numbers and improve the overall user experience.
Creatd, Inc. (Nasdaq: CRTD) has announced the launch of its first podcast, 'Write Here, Write Now,' produced by Pod People. This initiative showcases original stories from Vocal's creators and is supported by inaugural sponsorship from Scrivener, a leading writing application. Hosted by author Erica Wagner, the podcast aims to enhance visibility for creators. Additionally, Creatd partners with Reading Partners to promote literacy. The second season will connect to the Vocal+ Fiction Awards anthology, set for release early next year.
Creatd, Inc. (Nasdaq CM: CRTD) will host its Investor Day on July 21, 2022, with registration available for virtual and in-person attendance. The event will showcase a management presentation, including a preview of the new Vocal app and details on a $40MM Rights Offering. Executive Chairman Jeremy Frommer emphasized the importance of this offering, marking a significant financing event since the company's Nasdaq uplisting in September 2020. Interested participants can register via the provided link. The presentation will begin at approximately 4:30 PM ET.
Creatd, Inc. (Nasdaq: CRTD) announced the formation of an advisory board dedicated to maximizing the revenue potential of the OG Collection, which includes rare media archives owned by Bob Guccione. The company is also pursuing M&A opportunities for the OG Collection and aims to spin it off into a separate publicly-traded entity, with existing shareholders set to receive up to one-third of the new company. In recent weeks, Creatd acquired numerous Web 3.0 assets during market volatility, positioning itself for growth in the NFT space amidst a burgeoning market.
Creatd, Inc. (Nasdaq: CRTD) announced the effective registration of its S-1 statement by the SEC on July 15, 2022. Shareholders of record as of July 29, 2022, can participate in a $40 million Rights Offering aimed at enhancing the company's financial position. The offering will enable rights holders to purchase units at $2.00, which include common stock and warrants. If fully subscribed, the offering could significantly boost revenues by 10x to 20x over the next 12-18 months and help achieve EBITDA breakeven.
Creatd (Nasdaq CM: CRTD) reported a 15% revenue growth quarter-over-quarter for Q2 2022, reaching $1.6 million, with a notable 134% increase in its consumer product segment, Creatd Ventures. The company confirmed a revenue guidance of $7 million for the year, amidst ongoing supply-chain issues. Highlights include strong performance from brands like Basis and Dune Glow Remedy, successful product innovations on Vocal, and strategic partnerships bolstering its offerings. Operating expenses are expected to remain flat year-over-year, indicating effective cost management.
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.