Creatd Inc Stock Price, News & Analysis

Creatd, Inc. (Nasdaq CM: CRTD) achieved a significant milestone with over 30,000 Vocal+ subscribers, expanding its creator community to more than 1 million members. Projected second-quarter revenues are set at $1 million, a 300% increase year-over-year. The company anticipates third-quarter revenues between $1.6 million and $1.8 million, alongside a $1.5 million reduction in marketing costs, leading to estimated operating expenses of $3.3 million. CEO Jeremy Frommer highlighted the importance of enhancing creator interactions and driving organic growth through innovative programs.

Creatd, Inc. (Nasdaq: CRTD) has successfully closed its public offering of 750,000 shares of common stock at $3.40 per share, raising approximately $2.6 million. After deducting underwriting costs, net proceeds amount to $2.4 million. The company also granted underwriters a 30-day option to purchase an additional 112,500 shares. The offering's securities were registered under a shelf registration statement with the SEC, effective from April 23, 2021. This action is part of Creatd's ongoing strategy to enhance its business, focusing on empowering creators and brands.

Creatd, Inc. (Nasdaq CM: CRTD) has announced a public offering of 750,000 shares of common stock priced at $3.40 per share, totaling approximately $2.6 million. The offering is set to close on June 21, 2021, pending customary conditions, with underwriters having a 30-day option to purchase an additional 112,500 shares. Net proceeds are expected to reach about $2.4 million, intended for general corporate purposes. The Benchmark Company is the sole book-running manager for the offering.

Creatd, Inc. (Nasdaq CM: CRTD) has announced a public offering of its common stock, with all shares being offered by the company. There is a potential to grant underwriters a 30-day option to purchase an additional 15% of shares. Proceeds from the offering will be used for general corporate purposes. The offering is subject to market conditions, and the company cannot guarantee specifics regarding the offering's completion or terms. The Benchmark Company is acting as the sole bookrunning manager for this offering.

Creatd (Nasdaq CM: CRTD) announced a memorandum of understanding to acquire a 55% stake in WHE Agency for $275,000 in cash and $660,000 in stock. The deal, expected to close by early Q3 2021, aims to enhance revenue streams and creator resources. Creatd anticipates WHE Agency to contribute over $1 million in net revenues within 12 months. This acquisition reflects a strategic move to consolidate its position in the influencer industry, benefiting both Vocal and WHE's networks.

Creatd, Inc. (Nasdaq CM: CRTD) has launched 'Fiction,' a new community on Vocal aimed at showcasing fictional works from creators. This initiative is supported by Unbound, a crowdfunding book publisher, enhancing opportunities for authors. Alongside this, Erica Wagner, a celebrated author and literary editor, has been appointed as the Lead Editorial Innovator, focusing on new storytelling formats and potential acquisitions. The company also introduced the Doomsday Diary Challenge, inviting submissions for a chance to win cash prizes, enhancing engagement within the Vocal community.

Creatd, Inc. (Nasdaq CM: CRTD) is set to join the Russell Microcap® Index effective June 28, 2021, as announced on June 4. This inclusion is significant as it enhances the company's visibility among investors and positions it for growth. CEO Jeremy Frommer noted the progress made towards operational optimization and aims for break-even status. Since launching, Vocal, its flagship platform, has over 1 million registered creators and plans to reach 100,000 premium members by year-end 2021. Creatd also increased its stake in Plant Camp to 89%.

Creatd, Inc. (Nasdaq CM: CRTD) has acquired an additional 56% membership interest in Plant Camp, LLC, increasing its ownership to 89%. This move allows Creatd to control Plant Camp's operations and recognize approximately $1 million in annual revenue. Plant Camp, which offers healthy kid-friendly foods, launched its first product in 2020 and has sold nearly half of its initial 15,000-unit order through e-commerce. The company plans to expand its offerings with new products and expects continued revenue growth.

Creatd, Inc. (Nasdaq CM: CRTD) appointed Rich Vinchesi as the first Lead Acquisition Strategist for Creatd Partners, enhancing corporate venture capabilities. Vinchesi, a veteran with 30 years of experience in corporate finance, will guide deal origination and new initiatives. CEO Jeremy Frommer emphasized the strategic significance of this role in scaling partnerships and executing successful transactions. Vinchesi's background includes extensive work with startups and expertise in fundraising, business model development, and strategic partnerships, positioning him well to drive Creatd's growth.