Business
Creatd to Present Uplisting Plan at Annual Shareholder Meeting
Creatd to Present Uplisting Plan at Annual Shareholder Meeting.
About this update from Creatd Inc.
[{"type":"text","content":"\n\n\n\nCreatd to Present Uplisting Plan at Annual Shareholder Meeting\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCreatd to Present Uplisting Plan at Annual Shareholder Meeting\nPR Newswire\nNEW YORK, Nov. 11, 2022\n\n\n\nCompany to hold its 2022 shareholders' meeting on January 9, 2023, with registration details to be announced.Management to present on anticipated timeline in its pursuit of a re-listing to a national exchange.NEW YORK, Nov. 11, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) (\"Creatd\" or the \"Company\"), a creator-first technology company, today is announcing its upcoming 2022 Annual Meeting of Stockholders (the \"Annual Meeting\"), to be held on January 9, 2023.\n\n \n \n \n \n \n \n\n \nShareholders of record as of the close of business on November 18, 2022, are entitled to notice of, and to vote at, the Annual Meeting and at any adjournment thereof.\nCommented Chairman and CEO, Jeremy Frommer, \"With the support of our shareholders we will take the next step forward in a plan to re-list on a national exchange. We have been down this path before. It is not new territory. We are better prepared, with a stronger and leaner business model, a reconstituted board, and a renewed commitment to the success of the company. As we continue to lower cash burn, including a 50% reduction in full-time staff, we expect revenues to remain stable.\"\nContinued Frommer, \"Gross revenue projections for fiscal year 2022 are between $7 - 10MM, with net revenue projections of between $5.2 - 5.6MM, up from $4.3MM the previous year. Over the past few quarters, we have made significant strides in lowering our customer acquisition cost across all of our product and service offerings. Our management team is confident that we can resume the same level of growth in fiscal year 2023 that we experienced throughout the earlier part of this year, and currently projects $15 - 20MM in gross revenues and net revenues between $8 - 12MM for FY23. This projected number could rise significantly, depending on the success of our planned acquisition strategy for the upcoming year. As we...