Published on August 19, 2024
Creatd, Inc. (OTC: CRTD) is pleased to announce the release of its most recent Investor Presentation, which outlines the significant progress made over the past few months. The new presentation can be viewed here: creatd.com/presentations
The Company has taken decisive steps to strengthen its financial position, notably achieving a substantial improvement in its balance sheet and a dramatic reduction in operating expenses. Additionally, Creatd has successfully curated a strategic portfolio of companies that positions the Company for sustained long-term success.
As part of Creatd’s commitment to growth and shareholder value, the Company is focused on regaining its status on the OTCQB market and has set its sights on an eventual uplisting to a national exchange. To support these objectives and the upcoming audit, Creatd will be initiating a modest, private capital raise through a preferred investment opportunity that is restricted and non-dilutive.
In line with these strategic initiatives, Creatd made the necessary decision to terminate its relationship with its previous auditors Turner, Stone & Company LLP, due to their own internal issues with the PCAOB, including the prohibition from practicing of their founding senior partner from the PCAOB industry. The Company has since engaged a new, highly qualified auditing firm, reinforcing its foundation for a strong comeback.
Jeremy Frommer, CEO of Creatd, commented, “This investment opportunity is tailored for long-term investors who share the Company’s vision and recognize the significant return potential that comes with a commitment to Creatd’s future. I will be reaching out to many of our stakeholders individually in the coming days. However, if you are interested in learning more about the Company, discussing collaboration opportunities, or exploring potential investment or acquisition prospects, please feel free to join our Investor Slack.”
The detailed presentation outlining Creatd’s strategic initiatives can be found at creatd.com/presentations.
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.