NEW YORK, Feb. 7, 2023 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), today announced its approval to dual list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex ("Horizon") and MERJ Exchange Limited ("MERJ"). Trading begins on Upstream on February 14, 2023, at 10:00am ET under the ticker symbol CRTD.
The dual listing on Upstream is designed to provide Creatd the opportunity to access a digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in Creatd.
Upon the completion of the listing, Creatd management and other key investors have committed to transferring securities to the Upstream exchange to create liquidity and support the Company's dual listing objectives. The Company recommends investors take advantage of this unique opportunity to create transparency and help control abusive trading practices. Stock transferred to the Upstream exchange cannot be borrowed or hypothecated and thus is not available as a borrow to short the stock.
Management intends on offering some of its shares on the Blockchain exchange to increase Creatd's global shareholder liquidity and expand its international investor community on the Upstream platform. Management also intends to purchase shares through the platform when Upstream, as expected soon, adds that capability for U.S. citizens.
Global investors can get ready to trade by creating an account on Upstream and completing a simple "know your customer" identity verification. Details on the Creatd listing and how shareholders can deposit shares, trade on Upstream, and claim the free commemorative NFT can be found at https://investors.creatd.com/resources/faqs/default.aspx. Shareholders may also be entitled to participate in future digital promotions which may be redeemed for products, services, or experiences for added value.
Commented Jeremy Frommer, "As Chairman and CEO, my focus remains on creating long-term value for verified CRTD shareholders and on fostering a higher quality market environment for our stock. In addition, I am committed to utilizing the power of Upstream by providing dividend opportunities through the platform and forcing a reconciliation of our outstanding physical shares. Upstream combines best-in-class technology with enforcement practices that work together to protect both issuers and investors. We are excited to announce Creatd's approval to dually-list on Upstream and begin trading on February 14th, 2023."
Forward Looking Statements
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