Creatd Closes $4MM Private Placement; Upcoming Rights Offering to Enable Existing Shareholders to Purchase $2.00 Units Consisting of Common Stock and Publicly Tradable Warrants

Published on June 02, 2022

  • Company closes its private placement priced at $2.00, 82% above 05/28/22 market close, to be disclosed in an 8-K filing today.
  • Record Date for the Company's $40MM Rights Offering to be set pending review registration statement by the SEC.
  • Rights Offering to enable each holder of record of Creatd's common shares, warrants, options, or preferred stock to purchase $2.00 Units, consisting of one share of common stock and 2 publicly tradable warrants.

NEW YORK, June 3, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that it has closed its previously discussed private placement with an aggregate principal amount of $4 million (the "Private Placement"), to be disclosed in a Form 8-K filed today.

This financing was executed concurrently with the ongoing review by the Securities and Exchange Commission (SEC) of the Company's registration statement for its previously announced $40MM Rights Offering. Based on the SEC review, the Company will announce the record date for and commence said Rights Offering in the coming weeks.

Pursuant to the Rights Offering, the Company intends to distribute two subscription rights for each share of common stock or share which may be acquired via conversion or exercise of preferred stock, warrants, or options. Each subscription right would entitle the holder to purchase one Unit at a subscription price of $2.00 per Unit. Each Unit would consist of: (i) one share of common stock, (ii) one publicly tradable 5-year warrant exercisable for $3 per share, and (iii) one publicly tradable 5-year warrant exercisable for $6 per share. The Company wishes to clarify that both warrants will be publicly tradable.

The aforementioned Rights Offering is to be made pursuant to the Company's registration statement on Form S-1, which has not yet been declared effective by the SEC. The prospectus relating to and describing the terms of the Rights Offering has been filed with the SEC on May 27, 2022, and is available on the SEC's website at EDGAR Entity Landing Page (

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer will be made only by means of a prospectus forming part of the registration statement.

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.

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