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) 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.
Creatd, Inc. (Nasdaq CM: CRTD) announced a rights offering aimed to raise up to $40 million through the sale of Units at $2.00 each. Each Unit comprises one share of common stock and two warrants with exercise prices of $3 and $6. If all warrants are exercised, additional proceeds of up to $180 million could be generated. The record date for subscription rights is yet to be determined. Proceeds are intended for business expansion and core technology focus. The offering is subject to SEC registration.