Business
Creatd, Inc. Files Certificate of Designation for $100M of Series G Preferred Stock
Creatd, Inc. Files Certificate of Designation for $100M of Series G Preferred Stock.
About this update from Creatd Inc.
[{"type":"text","content":"Creatd, Inc. (OTC: CRTD) (“Creatd” or the “Company”) today announced that it has filed a Certificate of Designation with the State of Delaware to establish a new series of preferred stock, designated as Series G Preferred Stock. The Series G Preferred Stock will have a total capacity of $100 million, intended primarily for mergers and acquisitions (M&A) purposes.The creation of this new security is a strategic move designed to enhance the Company’s capital structure and facilitate large-scale transactions, particularly in the $10 to $20 million range, with revenues of between $15-$25 million.Jeremy Frommer, CEO of Creatd, commented, “Having filed the Certificate of Designation and with the imminent execution of the Series G Preferred Stock, I am more confident than ever that we have made the right strategic moves as a company.”“As I stated in early July in my white paper “Navigating the Future on the OTC”, only the strong will survive this systemic moment in the public markets for entrepreneurs. This new facility and security will enable us to acquire the best opportunities in what is likely to be a prolonged period of distressed market conditions.”The Series G Preferred Stock represents a significant addition to Creatd’s financial toolkit, offering the Company greater flexibility and the ability to seize strategic opportunities as they arise in a challenging market environment.Interested parties with potential M&A opportunities are invited to contact Creatd’s Investor Relations at [email protected] CREATDCreatd, Inc. functions as a publicly traded holding company, strategically anchored in the digital domain. At the core of its business suite is its subsidiary Vocal, Inc. and its flagship product, Vocal - a social media and publishing platform designed to amplify user engagement and monetization.FORWARD LOOKING STATEMENTSAny 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...