Creatd Schedules Special Shareholder Meeting for August 1 to Approve OG Collection Inc Dividend and Vocal Inc Asset Sale

Published on July 02, 2024

Creatd, Inc. ($CRTD) (“The Company”) today issued a summary of recent major announcements and disclosed the date for its upcoming special shareholder meeting, which will set the agenda for the Company’s future strategic plans.

Jeremy Frommer, CEO of Creatd, Inc., commented on these developments: “Recent changes in our auditing process have led us to terminate our relationship with Turner Stone & Company due to significant internal issues on their part. We have now engaged new auditors to complete our 10-K filing, aiming for a return to the OTCQB. Our financial results for 2023 highlight major cost reductions and improved gross margins. Net revenues were $2 million, with a significant reduction in cost of goods sold to $1 million, resulting in our first positive gross margin of $1 million. Additionally, we are excited to announce our special shareholder meeting, set for August 1, 2024. This virtual meeting will allow shareholders to vote on critical issues such as special dividends and the sale of a portion of the Company’s assets. We encourage all shareholders to participate actively and exercise their voting rights.”

Special Shareholder Meeting Details

  • Date: August 1, 2024
  • Location: Virtual Meeting

More information about the meeting will be released leading up to the date. For more information and updates, shareholders are encouraged to visit, join our Investor Slack channel, and follow us on X (formerly Twitter).

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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