Published on August 23, 2024
Creatd, Inc. (OTC: CRTD) (“Creatd” or the “Company”) today announced that it has filed a Certificate of Designation with the State of Delaware to establish a new series of preferred stock, designated as Series G Preferred Stock. The Series G Preferred Stock will have a total capacity of $100 million, intended primarily for mergers and acquisitions (M&A) purposes.
The creation of this new security is a strategic move designed to enhance the Company’s capital structure and facilitate large-scale transactions, particularly in the $10 to $20 million range, with revenues of between $15-$25 million.
Jeremy Frommer, CEO of Creatd, commented, “Having filed the Certificate of Designation and with the imminent execution of the Series G Preferred Stock, I am more confident than ever that we have made the right strategic moves as a company.”
“As I stated in early July in my white paper “Navigating the Future on the OTC”, only the strong will survive this systemic moment in the public markets for entrepreneurs. This new facility and security will enable us to acquire the best opportunities in what is likely to be a prolonged period of distressed market conditions.”
The Series G Preferred Stock represents a significant addition to Creatd’s financial toolkit, offering the Company greater flexibility and the ability to seize strategic opportunities as they arise in a challenging market environment.
Interested parties with potential M&A opportunities are invited to contact Creatd’s Investor Relations at [email protected].
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.