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.
Creatd, Inc. (CRTD) acquires and operates technology-driven businesses in aviation, media and advisory services through a shared-services model. Company news centers on Flyte, its aviation subsidiary, including AI-enabled regional aviation, private charter activity, aircraft fleet additions and the FAA Part 135 Air Carrier Certificate referenced in company updates.
Recurring developments also include audited financial reporting, registration-statement activity, shareholder meetings, governance proposals, portfolio-company transactions and capital-structure actions such as the completed 1-for-20 reverse stock split. Updates frequently connect Creatd’s operating subsidiaries with its broader capital-markets and reporting-status strategy.
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.
Creatd, Inc. (OTCQB: CRTD) has extended its no-shop period with Global Tech Industries Group, Inc. (OTCQB: GTII) regarding a proposed acquisition, allowing more time for due diligence. The companies are evaluating a collar structure potentially valuing CRTD shares at $3.00 to $5.00. The CEO highlighted concerns over naked shorts impacting GTII and CRTD, noting that 375 million shares of CRTD have been shorted since August 2016. The extension aims to clarify share counts and short sale details, which could aid in addressing issues within the microcap space.
Creatd, Inc. (OTCQB: CRTD) announced the launch of CEOBLOC, an online community aimed at combating naked short-selling and abusive trading practices in capital markets. The initiative introduces a Founding Members program, offering exclusive benefits such as access to specialized content from industry leaders, members-only chat, participation in conference calls, and an invitation to the upcoming CEOBLOC Conference. CEO Jeremy Frommer stated that CEOBLOC aims to unite stakeholders in addressing vulnerabilities and obstacles faced by public companies, particularly smaller-cap firms, in today's market environment.
Creatd, Inc. will host its 2022 Annual Meeting of Stockholders on January 18, 2023, at 4:30 PM EST. Shareholders as of November 18, 2022, are eligible to vote. The virtual meeting will feature remarks from CEO Jeremy Frommer regarding the company's challenges with naked shorting practices. Creatd is also pursuing a spin-off of its OG Collection media assets and a potential $100 million stock-for-stock acquisition with GTII. Frommer emphasizes efforts to stabilize revenues and reduce operating expenses, while also unlocking value for shareholders.