Creatd Inc Stock Price, News & Analysis

Creatd, Inc. (Nasdaq CM: CRTD) provided an update on its financial status, announcing a successful registered direct offering of 850,000 shares, yielding over $3.4 million in net proceeds. The total cash raised recently, including warrant exercises, is over $7.8 million, strengthening its balance sheet. Creatd has significantly reduced its debt by 56% to $1.1 million and expects $1.6 to $1.8 million in revenues for Q4 2021, showcasing continued growth despite ongoing supply chain challenges.

Creatd, Inc. (Nasdaq CM: CRTD) has completed a registered direct offering of its common stock, raising approximately $3,825,000 at a price of $4.50 per share. The net proceeds, around $3.4 million after agent fees, will be used for general corporate purposes. The offering was executed under an effective shelf registration statement with the SEC. The Benchmark Company, LLC served as the exclusive placement agent. This offering may affect shareholders through potential dilution.

Creatd, Inc. (Nasdaq CM: CRTD) announced a registered direct offering priced at $4.50 per share, aiming to raise $3,825,000. The offering is set to close on October 27, 2021, subject to customary conditions. The company expects net proceeds of approximately $3.6 million for general corporate purposes. Recently, the company raised an additional $3,939,435 through the exercise of warrants and converted $1,141,669 in convertible debt into 228,334 shares. Co-CEO Jeremy Frommer stated that this strengthens the company's financial position significantly.

Creatd, Inc. (Nasdaq CM: CRTD) has announced its second non-fungible token (NFT) art drop featuring three photographs of former President Donald Trump. These unique images are listed on the OpenSea platform with an asking price of 240 ETH, which includes a high-resolution JPG and a large-scale print. The photos, previously unearthed from the collection of Bob Guccione, have been publicized in major media outlets. The first NFT drop was successful, with all artworks sold. Creatd aims to expand its NFT strategy and leverage economic opportunities for creators.

On October 22, 2021, Creatd, Inc. (CRTD) announced the signing of TikTok creator Alexis LaRue, known for her viral parenting content. LaRue, alongside her fiancé Leo Mejia and their twins, has attracted significant attention on social media, with nearly 800,000 followers. WHE Agency, part of Creatd, has secured a sponsorship deal with Gerber for LaRue, aiming to provide resources to enhance visibility and opportunities for creators. CEO Tracy Willis expressed optimism about the partnership, which leverages Creatd's platform for long-term success.

Creatd, Inc. (Nasdaq CM: CRTD) has unveiled a revamped identity for its e-commerce healthy food brand, Camp, which includes a new website and product offerings—Vegan Cheezy Mac and Twist Veggie Pasta. Launched in 2020, Camp has gained popularity among consumers seeking healthier comfort food. The company aims to expand its distribution beyond e-commerce into major retail outlets. Despite facing supply chain challenges, Creatd Ventures, the parent company, remains optimistic about achieving sales goals in 2022.

Creatd, Inc. (Nasdaq CM: CRTD) announced new features on its Vocal platform aimed at enhancing user safety and supporting creators. A new Report button allows users to flag stories violating community guidelines, ensuring moderation. Additionally, a word counter has been integrated into the editor, assisting creators in adhering to the required story length of 600 words. Co-CEOs Laurie Weisberg and Justin Maury emphasize the importance of community feedback in these updates, which aim to improve the storytelling experience on Vocal.

Creatd, Inc. (Nasdaq CM: CRTD) has launched the Vocal+ Fiction Awards, its largest Challenge to date, promoting creativity among its diverse storytelling community. There are no restrictions on genre or theme, allowing creators to submit original fiction freely. The Challenge will award $5,000 to each of 25 winners, who will also be featured in a forthcoming book by Creatd Studios. Creatd reports growing subscription revenues, reaching $620,000 in the last quarter, anticipating Q4 revenues between $800,000 and $1,000,000, thanks to nearly 1.2 million freemium users and innovative adoption strategies.

Creatd (Nasdaq CM: CRTD) announced on October 7, 2021, the signing of five new creators to its WHE Agency, expanding its talent roster to over 55. Notable signings include Missy and Bryan Lanning, the popular YouTube creators behind Daily Bumps, who bring an audience of 8.3 million followers. Other signed influencers include the Haroon Twins, Jessica Jovel, Alonzo Floriolli, Sarah Mollica, Carlo Bruno Longo, and Danielle Ruppert. The partnership aims to leverage Creatd's resources to enhance creator income and business opportunities across brand partnerships and e-commerce.