Creatd, Inc. (OTCQB: CRTD), a leader in digital technology and creative entrepreneurship, announced today that it will schedule a shareholder meeting for late May or early June 2024. The meeting is for the approval of the TAMI transaction that promises to significantly broaden the Creatd’s horizons, particularly within the online gaming industry and its associated communities. Creatd will be acquiring New Jersey gaming licenses for multiple operational aspects, including online sportsbook and physical casinos, as well as the innovative tech platform from Bettaverse, currently active in Australia and India. Bettaverse is a TAMI Ventures portfolio company.
This acquisition underscores Creatd's strategic holding company approach to diversification and a commitment to penetrating new, dynamic sectors. The Company anticipates providing its stakeholders with detailed information regarding corporate synergies, including pro-forma financials and asset valuations, reinforcing its commitment to transparency and shareholder value.
Jeremy Frommer, CEO of Creatd, Inc., stated, "Having secured confirmation and received an overwhelmingly positive response from the majority of our shareholders, I am confident in the completion of this transaction. The acquisition of Bettaverse technology, alongside the gaming licenses in New Jersey, represents just the beginning of a series of non-dilutive and accretive transactions we have planned. The transactions will be done with preferred stock that is restricted for two years to protect current shareholders and keep a tight float. Partnering with TAMI Ventures is a strategic move that aligns with our vision of shareholder value creation and servicing broad online communities in a multitude of industries."
The upcoming shareholder meeting will serve as a platform to approve this pivotal transaction. The Company hopes to hold a conference call at the end of March further explaining the strategic and financial benefits of the transaction.