- Creatd resets its Record Date and provides updated rights
offering calendar.
- Creatd notifies information agent D.F. King and DTC in order to
inform the custodians and prevent potential violations of
regulation SHO.
NEW
YORK, July 26, 2022 /PRNewswire/ -- Creatd, Inc.
(Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that
it has revised the record date for its Rights Offering from
July 29, 2022, to August 4, 2022. Additionally, the Company has
sent the following to its information agent as well as to the
DTC.
The below rights offering calendar has been updated to reflect
the changes.
Tuesday, August 2,
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
|
Thursday, August 4,
2022
|
Record Date – Cutoff
date that determines the eligibility of shareholders to receive
Rights entitlements
|
Thursday, August 11,
2022
|
Subscription Period
Begins – Shareholders can start investing in Rights Offering at
9:00 AM ET
|
Thursday, August 25,
2022
|
Subscription Period
Ends – 5:00 PM ET unless extended at the Company's sole
discretion
|
"The new Record Date allows us six extra days needed to (a)
discover the extent to which violation may have occurred and (b)
prevent our clients' custodians from violations of Reg SHO during
our rights offering, to which shorts may not establish proper
"locate" and "close-out" positions for our shares and the
non-transferable subscription rights to be distributed as a
dividend. Short sellers cannot legally short nontransferable
subscription rights where a locate is unavailable. The micro-cap
space as a whole has been subject to questionable behavior in
regards to financings and, in particular, naked short-selling that
does not align with available data on questionable financial
websites claiming to represent outstanding short interest. The
adjustments announced today will help us focus on completing a
successful rights offering while doing all we can to educate our
shareholders and custodians," commented Jeremy Frommer, Creatd's Founder and Executive
Chairman.
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
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contained in our Securities and Exchange Commission filings.
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SOURCE Creatd, Inc.