Published on September 03, 2024
Creatd, Inc. (OTC: CRTD) (“Creatd” or the “Company”) today announced the successful raising of capital in an above-market, non-dilutive financing round as part of its Series G Preferred Stock offering. The funds raised will help the company complete its 2023 audit, which is expected to be finalized by the end of October 2024. The Company made the decision in late June to dismiss its previous auditors, Turner, Stone & Company, LLP, due to internal challenges at the audit firm that impacted their ability to meet Creatd’s standards and expectations.
This pivotal audit, conducted by the Company’s new auditors, Astra Audit & Advisory, LLC, will be instrumental in helping Creatd regain its SEC reporting status, positioning the Company for a listing on a national securities exchange. Following the completion of the PCAOB audit, Creatd plans to file an S-1 registration statement as part of its proposed uplisting, marking a significant step forward in the Company’s ongoing efforts to enhance shareholder value and expand its market presence.
Jeremy Frommer, CEO of Creatd, commented on the recent developments, stating, “These key investors and their network are long-term believers in Creatd, investing at current levels in the stock that I believe represent a substantial discount to the intrinsic value of our multiple subsidiaries and assets. Their above market investment reaffirms their confidence in our strategic direction and the inherent value of our diverse portfolio. We have so far been able to survive the worst of the storm and can now hopefully begin a process of growing the business strategically, completing our M&A opportunities, and pursuing our goal of uplisting to a national exchange.”
For more information and inquiries, shareholders are encouraged to join the Creatd Investor Slack or contact [email protected].
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.