- The Company's S-1 registration statement will be effective at
4:45 PM ET on July 15, 2022.
- All shareholders of record as of the July 29th Record Date will be eligible to
participate in the Rights Offering.
- Company releases new investor presentation, "Creatd 2022 Growth
Capital Expansion Plan & Rights Offering."
NEW
YORK, July 15, 2022 /PRNewswire/ -- Creatd, Inc.
(Nasdaq CM: CRTD) ("Creatd" or the "Company"), a creator-first
holding company and the parent company of Vocal, today announced
that the Securities and Exchange Commission ("SEC") has declared
the Company's registration statement on Form S-1 (File No.
333-265251) effective as of 4:45 PM
ET on July 15, 2022).
In connection with its upcoming Rights Offering, the Company has
unveiled an updated investor presentation, which can be accessed at
the following link: https://creatd.com/presentation.
The Company has confirmed the following updated calendar of
dates in connection with the Rights Offering:
Friday, July 15,
2022
|
Form S-1 Effectuation
at 4:45 PM ET
|
Thursday, July 21,
2022
|
Creatd's 2022 Investor
Day – Investor Day presentation to be made available for online
access at 4:00 PM ET
|
Wednesday, July 27,
2022
|
Ownership Date –
Securities must be acquired by market close of 4:00 PM ET in order
to be considered a shareholder of record on the Record
Date
|
Friday, July 29,
2022
|
Record Date – Cutoff
date that determines the eligibility of shareholders to receive
Rights entitlements
|
Wednesday, August 8,
2022
|
Subscription Period
Begins – Shareholders can start investing in Rights Offering at
9:00 AM ET
|
Wednesday, August 22,
2022
|
Subscription Period
Ends – 5:00 PM ET unless extended at the Company's sole
discretion
|
Commented Creatd's Founder and Executive Chairman, Jeremy Frommer, "With this approval, we are now
closing in on our most important financial offering as a company
since our Uplisting in September of 2020. As I have previously
said, Creatd's expansion has reached its moment of inflection. The
$40 Million Rights Offering will
allow Creatd's current and future shareholders to purchase units
consisting of common stock and warrants. If the rights offering is
fully subscribed, and $40MM is raised, the offering could drive
between a 10x – 20x increase in revenues over the next 12 to 18
months and accelerate our path to EBITDA breakeven. On top of that,
if all warrants underlying the units are exercised, the Company
would receive an additional $180MM."
The registration statement relates to the issuance of two
subscription rights for each share of common stock or share which
may be acquired via conversion or exercise of preferred stock,
warrants, or options. Each subscription right would entitle the
holder to purchase one Unit at a subscription price of $2.00 per Unit. Each Unit would consist of: (i)
one share of common stock, (ii) one publicly tradable 5-year
warrant exercisable for $3 per share,
and (iii) one publicly tradable 5-year warrant exercisable for
$6 per share. The Company wishes to
clarify that both warrants will be publicly tradable.
The proposed Rights Offering will include an over-subscription
privilege, which will entitle each rights holder that exercises in
full their basic subscription privilege the right to purchase
additional Units that remain unsubscribed. The availability of
basic subscription and over-subscription privilege will be subject
to certain terms and conditions, including pro-rata adjustments (if
any), to be set forth in the offering documents.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sales of
these securities, in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Past performance is not indicative of future
results.
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a company with a mission to
provide economic opportunities to creators and brands by
multiplying the impact of platforms, people, and technology. The
Company has four main business segments, or 'pillars': Creatd Labs,
Creatd Partners, Creatd Ventures, and Creatd Studios. Each pillar
is characterized by a distinct revenue model, while operating on a
shared-services structure and proprietary data collected from our
multiple technology platforms. Creatd's pillars work together to
create a flywheel effect, supporting our core vision of creating a
viable and safe ecosystem for all stakeholders in the creator
economy.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
Forward-Looking Statements
Any statements that are not historical facts and that express,
or involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or performance (often, but
not always, indicated through the use of words or phrases such as
"will likely result," "are expected to," "will continue," "is
anticipated," "estimated," "intends," "plans," "believes" and
"projects") may be forward-looking and may involve estimates and
uncertainties which could cause actual results to differ materially
from those expressed in the forward-looking statements. We caution
that the factors described herein could cause actual results to
differ materially from those expressed in any forward-looking
statements we make and that investors should not place undue
reliance on any such forward-looking statements. Further, any
forward-looking statement speaks only as of the date on which such
statement is made, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the
occurrence of anticipated or unanticipated events or circumstances.
New factors emerge from time to time, and it is not possible for us
to predict all of such factors. Further, we cannot assess the
impact of each such factor on our results of operations or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. This press release is qualified in its
entirety by the cautionary statements and risk factor disclosure
contained in our Securities and Exchange Commission filings.
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SOURCE Creatd, Inc.