Published on June 25, 2024
Creatd, Inc. (OTCQB: CRTD), announced today that it has terminated its previously announced merger agreement with TAMI Ventures and its CEO, Timothy Alford, and has ceased all communications with TAMI Ventures.
The decision to call off the merger was made after TAMI Ventures failed to provide the due diligence and financing capabilities initially articulated by TAMI CEO Mr. Alford. Despite efforts to resolve these issues, TAMI Ventures was unable to meet the necessary requirements to proceed with the merger.
“The integrity of our business processes and the interests of our shareholders are our top priorities,” said Creatd’s CEO. “We are disappointed by the outcome, but we remain committed to pursuing opportunities that align with our strategic goals and values.”
As a result of the termination, Creatd will pursue the $500,000 break-up fee stipulated in the merger agreement. Additionally, the Company will seek compensation for any damages incurred due to the actions of Mr. Alford and TAMI Ventures.
Creatd remains focused on its mission to empower creators and provide innovative solutions in the digital content space. The Company continues to explore strategic opportunities to enhance shareholder value and drive long-term growth.
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