Creatd Inc Stock Price, News & Analysis

Creatd, Inc. (OTCQB: CRTD) has engaged Shareholder Intelligence Services, LLC to combat potential illegal naked short-selling activities. The partnership aims to enhance market surveillance and protect shareholder interests. CEO Jeremy Frommer emphasized the necessity of this action to uphold market integrity. This move follows the establishment of CEOBloc, further demonstrating the company's commitment to addressing trading irregularities. Creatd's mission is focused on providing economic opportunities within the creator economy.

Creatd, Inc. (OTCQB: CRTD) has launched the largest-ever NFT drop featuring unique archival assets from its OG Collection. This initiative is part of the company's strategy to spin off the OG Collection onto the OTC Market in Q1 2023. The early sales results confirm the viability of this monetization approach. Additionally, the OG Gallery will serve as a key component of its Web 3.0 strategy, providing benefits such as exclusive merchandise and VIP access to NFT holders. Creatd aims to position itself at the forefront of the NFT space, enhancing opportunities for creators.

Creatd, Inc. (OTCQB: CRTD) has announced the completion of its first tranche of private financing for its media subsidiary, OG Collection, Inc., capturing 7.5% of its equity. The OG Collection, valued between $15MM to $20MM, is expected to go public in Q1 2023. Creatd has retained Sichenzia Ross Ference LLP for the spin-off, ensuring only shareholders of record will receive shares in the new entity. The company is also exploring additional strategies for other subsidiaries, aiming to enhance shareholder value.

Creatd, Inc. (OTCQB: CRTD) announced the upcoming launch of its largest NFT art drop, featuring 1,000 unique generative NFTs from the OG Gallery. Starting December 15, 2022, at 12PM EST, these NFTs can be minted for 0.02 ETH. The drop is based on archival materials from the OG Collection, combining rare images and archival elements. NFT holders will receive exclusive perks, including framed prints and early access to future drops. Additionally, Creatd confirmed a Letter of Intent to sell 25% of the OG Collection for approximately $2.5 million.

On December 6, 2022, Creatd, Inc. (OTCQB: CRTD) announced a Letter of Intent (LOI) for the sale of 25% equity in its subsidiary OG Collection, Inc. to Dorado Goose LLC for $2.5 million. This transaction values OG Collection at $10 million post-money. Following the sale, ownership stakes for existing shareholders will adjust from 80% to 60%, and management's share will decrease from 20% to 15%. The OG Collection houses a vast media archive, including images, original artworks, and footage. This move aims to enhance monetization efforts and expedite the spin-off process into a publicly listed entity.

Creatd, Inc. (OTCQB: CRTD) has appointed Erica Wagner, a renowned author and critic, to its board of directors. Wagner brings over 25 years of experience, having served as the Literary Editor of the London Times and as a judge for prestigious literary awards. Previously a strategic advisor for Creatd, she played key roles in editorial practices and the launch of Vocal's first podcast. Her appointment aims to enhance the company's creative direction and long-term vision for creators, positioning Creatd for potential growth in the creator economy.

Creatd, Inc. (OTCQB: CRTD) reported a 38% year-over-year increase in net revenues, totaling approximately $4MM for the nine months ending September 30, 2022, compared to $2.9MM the previous year. The company also achieved a $2.3MM improvement in EBITDA with a 32% reduction in operating expenses year-over-year. Creatd anticipates revenues exceeding $5MM for FY 2022 and reaffirms guidance of $8-12MM for FY 2023. The 10-Q report is due November 16, 2022, reflecting their growth trajectory and ongoing acquisition strategies.

Creatd, Inc. (OTCQB: CRTD) announced its 2022 Annual Shareholders' Meeting set for January 9, 2023, where management will discuss the timeline for a re-listing on a national exchange. Shareholders as of November 18, 2022, can vote during the meeting. CEO Jeremy Frommer projected gross revenues for FY22 between $7 - 10MM, with net revenues of $5.2 - 5.6MM, marking growth from FY21. For FY23, expected revenues are $15 - 20MM gross and $8 - 12MM net. The meeting will also include a Q&A session with management.

Creatd, Inc. (OTCQB: CRTD) has initiated the application process for a dual-listing on Upstream, a global exchange for digital securities and NFTs. This strategic move aims to enhance liquidity and attract a worldwide investor base, allowing trades in USDC and traditional currencies. CEO Jeremy Frommer emphasized that this endeavor seeks to realize Creatd's stock value and pave the way for potential future opportunities, including the spin-off of monetizable assets. Listing approval is pending from MERJ.