Welcome to our dedicated page for Creatd news (Ticker: CRTD), a resource for investors and traders seeking the latest updates and insights on Creatd stock.
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 its third NFT art drop featuring iconic photographs of Madonna, originally published in 1987. The NFTs portray Madonna during her time as a dance student in 1977 and are being auctioned via the OG Gallery on OpenSea, with bidding starting at approximately $100. The auction commenced on December 7, 2021, and will last for one week. This initiative follows a public poll revealing that 57% of participants prefer celebrity-focused NFTs, guiding future releases.
Creatd, Inc. (Nasdaq CM: CRTD) announced that its functional beverage brand, Dune, was featured on Access Hollywood, highlighting emerging snack trends. Dune, touted as 'Botox in a Bottle,' has gained traction with over 650 cases distributed through influencer programs. The company expects Creatd Ventures to contribute material revenues in Q4 2021. Tom Punch, founder of Dune, expressed excitement about the brand's growth and potential expansion within Creatd Ventures' portfolio.
Creatd, Inc. (Nasdaq CM: CRTD) reported third quarter 2021 revenues of $1.18 million, nearly three times higher than Q3 2020 and a 22% increase from Q2 2021. The company reaffirmed its 2021 revenue guidance of $4.5 to $4.7 million and initiated 2022 guidance of $10 to $15 million. Operating expenses fell by over 50% from Q2 to Q3, while comprehensive loss improved significantly to $(9.7) million, or $(0.71) per share. Creatd's strategic acquisitions and growth in its business segments signal a strong revenue pipeline. The firm anticipates cash flow breakeven by Q3 2022.
Creatd, Inc. (Nasdaq CM: CRTD) has announced a significant milestone, surpassing 100,000 Vocal+ members, a notable increase from 30,000 members reported in June 2021. This growth is attributed to a successful combination of organic, paid, and free trial acquisition strategies, reducing reliance on third-party marketing. Co-CEO Jeremy Frommer highlighted the value of first-party data for enhancing the creator experience, while COO Justin Maury emphasized the introduction of creator subscriptions, allowing creators to establish recurring membership programs.
Creatd, Inc. (Nasdaq CM: CRTD) has launched 'Interview,' the 40th community on its Vocal platform, aiming to celebrate investigative storytelling. This new community allows creators to showcase dialogues with various professionals and share interviews among the 1.2 million creators on Vocal. Co-CEO's Laurie Weisberg and Jeremy Frommer highlighted that Interview would enhance connectivity across Creatd's four revenue pillars—technology, brand partnerships, e-commerce, and production. The community supports diverse media formats, facilitating rich, multimedia storytelling.
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.