Published on November 12, 2024
Creatd, Inc. (OTC: CRTD) has announced an invitation to engage in discussions regarding a strategic transaction with Security Matters Public Limited Company (NASDAQ: SMX). The objective of this proposed transaction is to explore the potential for a transformative merger that could align the strengths of both companies and foster sustainable, long-term growth.
Creatd’s leadership, alongside a consortium of experienced investors and strategic partners, is focused on supporting companies at critical moments, including those addressing challenges related to major exchange listings such as NASDAQ. The Company emphasizes the opportunity to collaborate and combine resources, aiming to unlock substantial value and growth potential for both entities.
Jeremy Frommer, CEO of Creatd, remarked: “I initially connected with Haggai Alon, CEO of SMX, over a year ago to explore possibilities for collaboration. Having navigated the complexities of the emerging growth and microcap sectors ourselves, we recognize the importance of adaptability, partnership, and forward-thinking strategies. Our invitation today is an extension of that shared understanding, as we believe that working together could yield significant benefits.”
Frommer added, “SMX has made impressive strides in stabilizing its business fundamentals and maintaining its NASDAQ status. We are enthusiastic about the idea of a merger that not only fortifies both companies’ market positions but also paves the way for a dynamic, growth-driven future. This collaboration would be built on a shared vision of innovation and resilience.”
Creatd envisions the combination of SMX’s technological expertise with its own leadership in content creation and digital platforms as a powerful force. By joining forces, the companies could accelerate strategic initiatives, enhance operational efficiencies, and deliver compelling returns to shareholders.
“We have immense respect for SMX’s stakeholders, including interested stakeholders such as Aegis Capital Corp., ClearThink Securities, and the legal teams at Dickinson Wright. We encourage them to reach out to our team at Lucosky Brookman to start a dialogue as I will continue to reach out to Haggai,” Frommer concluded. “Our goal is to engage in a dialogue that prioritizes the interests of SMX’s shareholders and charts a path toward a mutually advantageous partnership.”
Creatd is eager to begin discussions and is optimistic about the possibilities that a collaborative approach could bring.
Forward Looking Statements
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