- The maturity of the Dorado Goose $2.5M debt has been extended to 2/28/24.
- Notes previously in default are have been extended to a new maturity date of 2/28/24 and are in good standing.
- The company has agreed to a restructuring plan, emphasizing its commitment to scale and improving cash flow.
- Active and productive discussions are ongoing concerning the company's remaining convertible debt.
NEW YORK, 10/9/2023 -- Creatd, Inc. announces the successful restructuring of $2.5M of convertible debt with Dorado Goose LLC. This strategic move provides the company with the essential runway it requires to enact its strategic plan.
Jeremy Frommer, CEO of Creatd, commented on this development, stating, “We are deeply grateful to our partners at Dorado Goose for granting us the chance to continue our journey. This opportunity allows us to bring Vocal's vision to fruition and ascertain its true valuation through our Reg CF initiative. The interest and inquiries we've received from the investment community have been overwhelming, and we are optimistic about the future.”
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