Creatd Inc.OTC: CRTD

Creatd Announces Guidance on Q3 2023 PCAOB Audit, Strategic Deals Update, and Plan to Regain Uplisting Status

· Issued by Creatd Inc.
Creatd, Inc. (OTC: CRTD) ("Creatd" or "the Company") today announced key updates on its Q3 2023 financial filings, PCAOB audit status, strategic business deals, and its plan to regain uplisting status on the OTCQB market.

The Company confirmed that its Q3 financial results will be filed on time with the OTC on November 14, 2023. Additionally, the 2023 audited financials in the 10-K report are expected to be filed the following week. Creatd also intends on filing an S-1 registration statement to facilitate its uplisting to the OTCQB market, targeting submission later this month.

Commenting on these advancements, Creatd CEO and founder Jeremy Frommer stated, “All of this has been made achievable by a great group of investors, both in the public and private sectors, who have enabled us to finance this arduous process—caused by an inept audit firm that we had to terminate. This problem is systemic and must be addressed by emerging growth companies and regulatory bodies. As part of my role in CEOBLOC as an activist, I am committed to pursuing meaningful regulatory change.”

On the business development front, Creatd has signed two letters of intent (LOIs) for strategic acquisitions and is actively negotiating three additional LOIs. The Company has also completed two cross-holding exchanges with publicly traded entities. Creatd anticipates closing three of these five LOIs before the end of the year, which is projected to generate $10 million in additional revenue for FY 2025 and $2 million in EBITDA. In addition, the Company is targeting an additional $100M in revenues acquired in FY 2025, and $500M over the following three years.

Frommer further emphasized the Company’s strategic vision, stating, “Our mission is to identify and invest in undervalued private and public companies, leveraging our resources and tradable equity to maximize their potential and strengthen their balance sheets. This is our core mission, and we are excited to execute on these opportunities and build long-term shareholder value.”

Creatd remains committed to navigating the regulatory landscape and executing its strategic growth initiatives, while continuing to advocate for change that supports emerging growth companies.

About Creatd

Creatd, 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.

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