Creatd Inc Stock Price, News & Analysis

Creatd has launched its first iOS app exclusively for Vocal+ premium members, enhancing user engagement and audience growth. The app is set for a public release on August 15, 2022. Key features include a new payment system, Vocal Coins, designed to facilitate transactions within the app. Creatd aims to foster connectivity within its creator community through features like live chat, personalized story feeds, and subscriber-only stories. The initiative is seen as a strategic move to increase subscriber numbers and improve the overall user experience.

Creatd, Inc. (Nasdaq: CRTD) has announced the launch of its first podcast, 'Write Here, Write Now,' produced by Pod People. This initiative showcases original stories from Vocal's creators and is supported by inaugural sponsorship from Scrivener, a leading writing application. Hosted by author Erica Wagner, the podcast aims to enhance visibility for creators. Additionally, Creatd partners with Reading Partners to promote literacy. The second season will connect to the Vocal+ Fiction Awards anthology, set for release early next year.

Creatd, Inc. (Nasdaq CM: CRTD) will host its Investor Day on July 21, 2022, with registration available for virtual and in-person attendance. The event will showcase a management presentation, including a preview of the new Vocal app and details on a $40MM Rights Offering. Executive Chairman Jeremy Frommer emphasized the importance of this offering, marking a significant financing event since the company's Nasdaq uplisting in September 2020. Interested participants can register via the provided link. The presentation will begin at approximately 4:30 PM ET.

Creatd, Inc. (Nasdaq: CRTD) announced the formation of an advisory board dedicated to maximizing the revenue potential of the OG Collection, which includes rare media archives owned by Bob Guccione. The company is also pursuing M&A opportunities for the OG Collection and aims to spin it off into a separate publicly-traded entity, with existing shareholders set to receive up to one-third of the new company. In recent weeks, Creatd acquired numerous Web 3.0 assets during market volatility, positioning itself for growth in the NFT space amidst a burgeoning market.

Creatd, Inc. (Nasdaq: CRTD) announced the effective registration of its S-1 statement by the SEC on July 15, 2022. Shareholders of record as of July 29, 2022, can participate in a $40 million Rights Offering aimed at enhancing the company's financial position. The offering will enable rights holders to purchase units at $2.00, which include common stock and warrants. If fully subscribed, the offering could significantly boost revenues by 10x to 20x over the next 12-18 months and help achieve EBITDA breakeven.

Creatd (Nasdaq CM: CRTD) reported a 15% revenue growth quarter-over-quarter for Q2 2022, reaching $1.6 million, with a notable 134% increase in its consumer product segment, Creatd Ventures. The company confirmed a revenue guidance of $7 million for the year, amidst ongoing supply-chain issues. Highlights include strong performance from brands like Basis and Dune Glow Remedy, successful product innovations on Vocal, and strategic partnerships bolstering its offerings. Operating expenses are expected to remain flat year-over-year, indicating effective cost management.

Creatd, Inc. (Nasdaq: CRTD) announced a $40 million Rights Offering with a Record Date of July 29, 2022. Shareholders must acquire CRTD shares by 4:00 PM ET on July 27 to be eligible for subscription rights. Each eligible shareholder will receive two subscription rights for every share owned, allowing them to purchase units at $2.00 each, which include common stock and two redeemable five-year warrants priced at $3 and $6. The offering includes an over-subscription privilege. Proceeds will fund the company’s expansion plans.

Creatd, Inc. (Nasdaq CM: CRTD) has opened registration for its Investor Day on July 21, 2022, at 4:00 PM EST, held in New York City. Attendees can register to participate virtually or apply for in-person attendance, limited by available seating. The event will feature a management presentation followed by a Q&A session. Interested parties can sign up at creatd.com/investor-day-2022. The company aims to unlock creativity through its various business pillars.

Creatd, Inc. (Nasdaq CM: CRTD) has announced its inaugural participation in Amazon's Prime Day program, providing a new income stream and expanding audience reach for its consumer product goods. The Company operates through Creatd Ventures, established in 2021, which focuses on creator-driven brands. Creatd has experienced record revenue growth in CPG and is actively seeking acquisition opportunities. Key brands Camp and Basis will offer discounts during Prime Day. Discussions are ongoing with major retailers to further increase distribution.