Published on June 22, 2026
NEW YORK, N.Y., June 22, 2026 — Creatd, Inc. (OTCQB: CRTD) today announced the filing of its Quarterly Report for the period ended March 31, 2026, reviewed by the Company's PCAOB-registered independent auditors, as well as the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange Commission. The Company also announced revisions to the record date and meeting date for its upcoming annual shareholder meeting and provided an update regarding recent capital structure simplification efforts.
"The first quarter marked an important milestone in Creatd's continued evolution," said Jeremy Frommer, Chairman and Chief Executive Officer of Creatd. "The filing of our quarterly financial statements and Form S-1 registration statement reflects our commitment to transparency and disciplined execution. At the same time, the simplification of our capital structure further aligns management with shareholders as we continue building long-term value."
For the quarter ended March 31, 2026, Creatd reported revenue of approximately $204,000 and gross profit of approximately $202,000. The Company ended the quarter with approximately $250,000 in cash and cash equivalents and total current assets of approximately $10.9 million.
The Company's balance sheet reflects significant consideration received from the previously announced disposition of Flyte to Catheter Precision, Inc. (NASDAQ: VTAK), including a preferred stock receivable valued at approximately $5.6 million and a promissory note receivable valued at approximately $4.8 million. Together, these assets contributed to total assets of approximately $12.1 million as of March 31, 2026.
In addition, the Company continues to maintain a significant equity position in VTAK, aligning its interests with the long-term success of the business. VTAK is a significant client of Creatd’s. Creatd is actively involved as a strategic advisor, providing ongoing consultation related to technology development, product innovation, and growth initiatives as VTAK advances the Flyte aviation platform and related technologies.
During the quarter, Creatd generated approximately $981,000 of cash from investing activities and continued to streamline its operating structure following a series of strategic transactions completed over the past year, including the acquisition of a minority interest in PCG Advisory Group. The Company continues to expand its portfolio with the recent control positions acquired in both Vocal, Inc. and OG Collection, Inc.
Reported results for the quarter include several significant non-cash accounting charges, including approximately $11.3 million of stock-based compensation expense and approximately $1.2 million of debt discount accretion. These items materially impacted reported net income but did not affect the Company's cash position and enterprise value.
The Company has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission as part of its effort to re-establish SEC reporting status. Creatd believes that returning to SEC reporting will enhance transparency, improve accessibility for investors, and set the stage for the Company’s plan to uplist to a national exchange.
As part of its ongoing corporate governance initiatives, Creatd has revised the record date and meeting date for its 2026 Annual Meeting of Shareholders. Shareholders of record as of Friday, June 26, 2026, will be entitled to notice of and to vote at the meeting, which will now be held on Monday, August 3, 2026. The revised schedule is intended to provide shareholders with additional time to review the Company's recent filings and corporate developments in advance of the meeting.
Creatd will host an investor call on July 7, 2026, to provide shareholders and interested parties with updates regarding the Company's recent developments, strategic initiatives, and corporate progress. Additional details regarding the investor call, including participation information, will be announced prior to the event.
Jeremy Frommer has completed the conversion of certain warrant and preferred stock holdings into common stock. This transaction is intended to simplify the Company's capital structure by reducing the number of outstanding security classes and creating a more streamlined equity profile.
As part of the Company's uplisting strategy, all preferred stockholders, along with certain warrant holders, will have the opportunity to convert their holdings into common stock. The Company believes a more streamlined capitalization structure will strengthen shareholder alignment, improve marketability, and support its long-term strategic objectives. These actions reflect Creatd's continued focus on enhancing its public company profile and creating a capital structure better suited for future growth.
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.