Creatd Inc - CRTD STOCK NEWS

Creatd, Inc. (Nasdaq CM: CRTD) celebrates the first anniversary of its Challenges feature on the Vocal platform by launching two new contests, focusing on cash prizes for creators. These include the 'Mystery of Bitcoin', inviting fictional submissions on Bitcoin's origins, and the 'Hometown Feature', which prompts members to showcase their hometowns. CEO Jeremy Frommer highlights the importance of both brand-sponsored and internal challenges to foster creativity, with six active contests currently available for participation.

Creatd, Inc. (Nasdaq: CRTD) has announced its first strategic update for 2021, enhancing its Vocal platform's user experience and introducing community-specific metrics. The updates aim to drive growth in both freemium and premium memberships, with over 850,000 freemium creators currently and a projected doubling of Vocal+ subscribers to over 20,000. The premium tier recorded a 117% increase in subscribers, with an expected $1 million monthly recurring revenue by year-end from 100,000 Vocal+ subscribers.

On January 4, 2021, Creatd announced the successful closing of a private placement, raising approximately $7.77 million through the sale of its Series E Convertible Preferred Stock. The net proceeds of $7,031,200 will be used to meet Nasdaq's listing requirements, enhance marketing initiatives, repay debt, and fund future acquisitions. The Preferred Stock is convertible into 1,887,810 shares of common stock, with accompanying warrants to purchase additional shares at $4.50 each. This funding positions Creatd for accelerated growth without immediate cash flow constraints.

Creatd, Inc. (Nasdaq CM: CRTD) announced a private placement of its Series E Convertible Preferred Stock and warrants, aiming to raise approximately $7.77 million. The financing is expected to close by January 4, 2021, with net proceeds directed towards meeting Nasdaq's equity requirements, enhancing marketing initiatives, repaying debt, and funding working capital. The Preferred Stock is convertible into up to 1,887,810 shares of common stock, and comes with warrants for an additional 2,831,715 shares at an exercise price of $4.50.

Creatd (Nasdaq CM: CRTD) has released its 2020 Year in Review, showcasing how its Vocal platform supported creators during a challenging year. Over 120,000 stories were submitted, with creators earning more than $400,000, including $195,000 through competitive Challenges. CEO Jeremy Frommer emphasized that the company's success is linked to the success of its creators. Vocal also raised awareness on key global issues. The report highlights the platform's impact on storytelling and creator engagement amid significant global challenges.

Creatd, Inc. (Nasdaq CM: CRTD) announced a partnership with Plant Camp to launch a healthy mac and cheese product for kids. This venture marks the debut of Creatd's corporate division, Creatd Partners. The U.S. mac and cheese market is valued at $1.2 billion, and Plant Camp aims to address a gap for healthier options. Creatd has provided seed capital and resources for Plant Camp, acquiring a 30% ownership stake. The product is available for pre-order through Plant Camp's e-commerce site, with future plans to expand to big box retailers.

Creatd, Inc. (Nasdaq CM: CRTD) announced a significant milestone with the conversion of its 10,000th freemium creator to a paid Vocal+ subscriber, surpassing year-end targets. The Vocal+ subscriber base has grown by over 33% recently, while subscriber acquisition costs remain low. Creatd's Vocal platform continues onboarding more than 1,000 new freemium creators daily, and the company anticipates generating an additional $100,000 in recurring monthly revenue. Creatd aims for fourth-quarter revenues between $550,000 and $650,000, with potential first-quarter revenues reaching $1 million.

Creatd, Inc. (Nasdaq CM: CRTD) reported Q3 2020 revenues of approximately $425,000, a 32% increase from Q2 and over four times higher than Q3 2019. The company successfully up-listed to the Nasdaq, raising about $7.8 million in gross proceeds. Operating expenses surged to approximately $7.4 million due to non-recurring costs and performance-based stock options. Despite a comprehensive loss of $13.6 million, management anticipates revenue growth to continue into Q4. Notably, total liabilities decreased dramatically from $15.5 million to $3.3 million, reflecting strong financial management.