Creatd Inc Stock Price, News & Analysis

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.

Creatd, Inc. (OTCQB: CRTD) has announced the launch of its inaugural image curation through its subsidiary, OG Collection, in partnership with Getty Images. This collection includes iconic images of cultural figures like Spike Lee and Muhammad Ali, and aims to commemorate the legacies of women associated with Penthouse. The collection is set for future growth through pop-up galleries and Web3 events. CEO Jeremy Frommer highlighted plans for a special dividend to shareholders coinciding with OGCL's planned spin-off by Q1 2023, reinforcing the value of their archival assets. This initiative aims to unlock new revenue streams and storytelling opportunities.

Creatd, Inc. (OTCQB: CRTD) announced its upcoming dual listing on Upstream, a trading platform for digital securities and NFTs, starting February 14, 2023, at 10:00am ET. This dual listing aims to access a digital-first investor base while enhancing liquidity and price discovery through trading options including USDC, credit, debit, and PayPal. Management plans to transfer securities to Upstream to boost liquidity and restrict short-selling practices. Additionally, the company intends to offer some shares on the Blockchain, further globalizing investor access. CEO Jeremy Frommer emphasized a focus on long-term value for shareholders and a higher quality market environment.

Creatd (OTC-PINK: CRTD) reported record preliminary gross revenues of $10 million for fiscal year 2022, reflecting a 40% year-over-year increase, despite significant operational challenges. The company has improved its balance sheet, reducing operational expenses by 55% year-over-year and cutting workforce by 60%. Key initiatives include plans to spin-off its media asset library and Web 3.0 business, OG Collection, Inc., targeting a dual-listing within 90 days. Creatd is also investigating potential illegal trading activities and enhancing its workforce with key management appointments to support growth.