Creatd Inc Stock Price, News & Analysis

Creatd, Inc. ($CRTD) has received approval from FINRA to change its ticker symbol to $VOCL, effective April 3, 2023. CEO Jeremy Frommer announced plans to split the company into three separate publicly traded entities, enhancing its focus on empowering creators. The first spin-off, OG Collection Inc., will file an S-1 to distribute shares as a special dividend to $VOCL shareholders. Additionally, Creatd Ventures, featuring the best-selling product Basis, is set to have its own ticker and CUSIP. These strategic moves aim to broaden shareholder base and combat short selling while representing the company’s mission more accurately.

Creatd, Inc. ($CRTD) has announced a change in its ticker symbol to $VOCL as part of a strategic shift to enhance brand visibility and differentiate itself from competitors. This change aligns with the company's focus on its Vocal platform and plans to spin off its non-core business units, including Creatd Ventures. The spin-off is part of a broader strategy to strengthen its position as a leading technology platform for creators and aims to provide long-term value for shareholders. CEO Jeremy Frommer highlighted the importance of separating matured assets and leveraging blockchain exchanges.

Creatd (CRTD) and BCII Enterprises (BCII) have entered a joint venture agreement, with Creatd holding a 51% stake. The partnership aims to develop a technology platform that allows users to monetize their personal data. Creatd will leverage its nearly 2 million creators from its Vocal platform, reaching an audience of 200 million. The new platform is expected to enhance data privacy options and generate revenue through user data. The launch is anticipated later this year, facilitating potential revenue streams and shareholder benefits, including possible share spin-offs for CRTD shareholders.

Creatd, Inc. (OTCQB: CRTD) announced the engagement of Sichenzia Ross Ference LLP as legal counsel for its anticipated special dividend spin-off of OG Collection, Inc. The Company will file an S-1 and has initiated due diligence with an audit firm to commence audits in early April 2023. The spin-off aims to address issues faced by shareholders in microcap stocks and is projected for completion in Q2 2023. Shareholders on record post-S-1 will be eligible for the special dividend, emphasizing the Company's commitment to shareholder value amid market challenges.

Creatd, Inc. (OTC-PINK: CRTD) has provided an update on its legal dispute with The Lind Partners, LLC regarding a $900,000 convertible promissory note. The Lind Partners demand immediate repayment, alleging breaches by Creatd. Unlike other note holders who restructured their agreements in 2022, The Lind Partners refuse to negotiate further. In response, Creatd has filed a motion to dismiss and intends to seek trading records in the event of discovery. The company acknowledges unusual trading patterns and is committed to resolving the dispute legally while facing continued pressure on its stock value, which has led to its delisting from Nasdaq.

Creatd, Inc. has appointed John Tabacco, former President of tZERO Technologies, to enhance its blockchain strategy and combat illegal trading practices, including naked short selling. Announced on March 3, 2023, this move aligns with the company's objectives to dual list on Upstream and support the spin-off of its subsidiary, OG Collection, Inc.. Tabacco's extensive experience in finance and fintech positions him to lead investigations into abusive trading and develop operational frameworks for the blockchain exchange. This appointment is expected to accelerate Creatd's strategic initiatives and strengthen its market position.

Creatd (OTCQB: CRTD) has engaged an accounting firm to audit its subsidiary, OG Collection, Inc., ahead of an Upstream listing and a special dividend distribution. This dividend, expected in the second week of April, aims to deliver significant value to shareholders. The audit is anticipated to conclude by the end of March, with the spin-off and issuance of tradeable shares occurring by the second quarter. The OG Collection's estimated valuation ranges from $10 million to a potential 7-10 times that figure. This initiative also targets combating naked short selling and enhancing shareholder engagement through blockchain technology.

Creatd, Inc. (OTCQB: CRTD) announced on February 24, 2023, its decision to halt proposed acquisition discussions with Global Tech Industries Group, Inc. (GTII). The company will adhere to the no-shop terms outlined in the signed Letter of Intent with GTII. This decision reflects a strategic shift as Creatd continues to focus on its mission of providing economic opportunities within the creator economy. The firm is dedicated to fostering a safe and viable ecosystem for its stakeholders.

Creatd, Inc. has appointed Dan Bates, CEO of Clean Vision Corporation (OTC-PINK: CLNV), to its CEOBLOC Advisory Board. This board unites CEOs aiming to protect retail investors from abusive trading practices. Bates joins existing members Jeremy Frommer (CRTD) and Martin Shen (FNGR). The advisory board members undergo a vetting process and commit to a unified cause of advocating for retail investors. Bates expressed enthusiasm about collaborating within CEOBLOC to drive legislative changes. As part of their mission, CEOBLOC will lobby against practices believed to harm retail investors.