Creatd, Inc. Reduces Severance Liabilities and Settles Legal Dispute

Published on October 25, 2023

New York, NY – Creatd, Inc. ($VOCL) ("Creatd" or the "Company") is pleased to announce a significant milestone in its ongoing strategic financial restructuring. The Company has successfully negotiated a settlement with former key executives, reducing its severance liabilities by approximately $400K. This agreement reflects the collaborative spirit and continued support from these executives towards Creatd Inc.'s strategic turnaround endeavors.The resolution of this legal dispute marks a substantial step forward in Creatd's broader financial strategy aimed at bolstering its balance sheet and enhancing shareholder value. With this settlement, the Company has now reduced its total liabilities by over $3 million since the initiation of its strategic financial plan.This recent settlement underscores Creatd’s unyielding commitment to diligently managing its financial obligations, thereby fostering a conducive environment for operational excellence and long-term value generation.

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