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.
News and company communications describe Creatd, Inc. (OTCQB: CRTD) as a holding company investing in and operating businesses across technology, media, consumer, and capital markets, with a growing focus on advanced air mobility through its Flyte subsidiary. The CRTD news flow often highlights developments in private aviation, balance sheet restructuring, and capital markets strategy.
Recent updates emphasize Creatd’s transition toward aviation via Flyte, which the company describes as a private aviation platform with an FAA Part 135 Air Carrier Certificate and an AI-enabled aviation platform for regional hops, private charter, and high-end travel experiences. News items have covered Flyte’s fleet expansion with Cirrus Vision Jet aircraft, plans that include additional aircraft, and the launch of Flyte Escapes, an AI-enhanced luxury travel vertical offering integrated private jet itineraries, curated stays, and exclusive access.
Investors following CRTD news can also see disclosures about Creatd’s financial performance, including reported revenue growth, improvements in shareholder equity, and commentary on its efforts to rebuild its balance sheet. The company’s announcements discuss its movement between OTC market tiers, requalification for the OTCQB Venture Market, and steps such as filing an S-1 registration statement as part of a plan to pursue a future national exchange listing.
Other news items touch on Creatd’s broader portfolio activities, such as minority investments and advisory roles in areas like digital assets and capital markets. For readers tracking CRTD, this news stream provides insight into how Creatd positions Flyte, Flyte Escapes, and its wider holdings within its stated strategy of building and scaling high-potential businesses.
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.
Creatd (OTCQB: CRTD) has commenced trading on Upstream, becoming one of the first companies to dual list on this innovative platform. The company's securities are now available on both the OTCQB and Upstream under the same ticker symbol, CRTD. This move aims to enhance market accessibility for global investors, who can trade through the Upstream app. The platform operates five days a week, offering real-time trading and a transparent order book. Notably, U.S. and Canadian investors are limited to trading shares currently owned for liquidation. Additionally, Creatd has released a commemorative NFT for the dual listing.
Creatd, Inc. (OTCQB: CRTD) has integrated OpenAI's APIs into its operations following a 90-day R&D phase. This advancement aims to enhance moderation, curation, and content generation on its Vocal platform, which supports nearly 2 million creators. The company's strategy focuses on automating processes to improve cash flow and reduce overhead costs. Future updates will provide creators with direct access to AI tools for content generation, including text-to-speech audio stories. CEO Jeremy Frommer highlighted that this investment accelerates the company's path to achieving positive EBITDA.
Creatd, Inc. (OTCQB: CRTD) has submitted an application to list its subsidiary, OG Collection, Inc., on Upstream. This spin-off is expected to occur in the first half of 2023 and will also include a special dividend for shareholders as of a soon-to-be-announced record date. The Upstream platform is designed to facilitate global accessibility for investors, allowing trades in USDC and traditional currencies. CEO Jeremy Frommer emphasized this move as part of their strategic vision to enhance liquidity and eliminate naked short selling. Approval from MERJ Exchange is necessary for the listing.