Creatd Inc Stock Price, News & Analysis

Creatd, Inc. (Nasdaq CM: CRTD) announced plans to acquire additional shares in its subsidiaries Dune, Inc. and WHE Agency, Inc. via all-stock transactions priced above market value. The Company aims to enhance its ownership stake to 70% in Dune and 61% in WHE, improving its balance sheet and positioning itself for potential future asset spin-offs. The deal with Dune involves a purchase of 20% for approximately $360,000 in common stock at $1.32 per share, while a similar deal with WHE will also involve a 17% stake for the same purchase price.

Creatd, Inc. (Nasdaq CM: CRTD) has appointed Tracy Willis as the new CEO of its influencer and content marketing arm, Creatd Partners. Since the integration of the WHE Agency, Willis has enhanced WHE's influencer network and brand partnerships. Under her leadership, Creatd Partners aims to expand talent acquisition and further develop its agency offerings through data-driven technologies. This appointment signals a strategic move to strengthen Creatd's position in the evolving digital agency landscape.

Creatd, Inc. reported strong financial results for Q2 2022, with gross revenues increasing 45% year-over-year to $3.6 million, and net revenues up 67% to over $1.6 million. The company anticipates 2022 gross revenues between $15 million and $20 million, exceeding previous guidance. Operating expenses decreased by 10% due to cost-cutting initiatives, which will be reinvested into growth initiatives, including expanding its technology and brand portfolio. Changes in leadership are also underway, with Jeremy Frommer taking over as CEO.

Creatd (Nasdaq: CRTD) announced the upcoming release of its Vocal mobile app on Android, scheduled for mid-September, following a successful iOS launch. This timely rollout aims to broaden the reach of creators' stories to a larger international audience, enhancing the user experience and monetization opportunities. The app features a new payment system, Vocal Coins, as part of a broader initiative. Creatd operates under four business segments designed to create a supportive ecosystem for creators, focusing on delivering economic opportunities and fostering brand partnerships.

Creatd, Inc. (Nasdaq CM: CRTD) announced the public release of the Vocal mobile app for iOS, designed to enhance the reach for Vocal creators. This app introduces features to improve reader experience, enabling better content discovery and monetization opportunities. Through the app, users can access a personalized library of curated stories, leveraging Vocal's subscription feature. The app aims to increase community engagement and open new revenue streams for creators and brands, aligning with Creatd's vision for the creator economy.

Creatd, Inc. (Nasdaq CM: CRTD) has acquired a majority stake in Orbit Media, LLC, a new app-based stock trading platform. This platform is designed to empower investors by providing a community and essential tools for trading. Orbit recently completed beta testing and is set for a full launch by year-end. Executive Chairman Jeremy Frommer emphasized the importance of open discourse around stock trading, particularly in the small-cap sector. The acquisition aims to enhance user engagement and facilitate direct communication between retail investors and management teams.

Creatd, Inc. (Nasdaq CM: CRTD) announced it will not proceed with its proposed $40 million Rights Offering after testing the waters. The company's decision reflects its current assessment of market conditions and investor interest. Creatd is dedicated to unlocking creativity across various sectors through its four main business pillars. The company emphasizes caution regarding forward-looking statements, highlighting potential uncertainties that could affect future performance. Investors should note the lack of details on financial performance in this context.

Creatd, Inc. (Nasdaq CM: CRTD) has been invited to join the Shopify Investor Partner Program, an exclusive initiative offering access to valuable resources for its CPG brands. This partnership aims to enhance Creatd's ability to scale its e-commerce technology and potentially expand its revenue from the Ventures pillar. CEO Thomas Punch expressed enthusiasm, highlighting the alignment with Shopify's mission to empower creators as entrepreneurs. The program allows priority access to Shopify's data and new features, which could drive growth and innovation for the company.

Creatd, Inc. (Nasdaq: CRTD) has revised the record date for its rights offering from July 29, 2022, to August 4, 2022. This change gives the company additional time to prevent violations of Regulation SHO by informing custodians through its information agent, D.F. King. The updated rights offering calendar outlines important dates, including the subscription period starting on August 11, 2022, and ending on August 25, 2022. The adjustments aim to protect shareholders by addressing the issues related to short-selling practices in the micro-cap sector.