Key Highlights :
1. Creatd, Inc. has received approval from FINRA for a symbol change for its common stock. The new ticker symbol will be $VOCL.
2. The company plans to split into three distinct publicly traded businesses with three distinct CUSIPs. These steps generate significant corporate actions.
3. Creatd's legacy media archive, OG Collection Inc., is set to file an S-1 in accordance with plans to spin it off as a special dividend to $VOCL shareholders. The OG Collection Inc. will be assigned its own independent CUSIP and ticker symbol, potentially $OGCL.
4. The next step is to spin off Creatd Ventures, which houses the company's growing direct-to-consumer product businesses, including flagship product Basis, a hydration mix that is currently the company's best seller with a 2-3 times return on ad spend. Creatd Ventures will be listed on the tZero platform, with its own independent CUSIP and ticker symbol, potentially $CVEN.
5. Once these spin-offs are completed, the plan is to then list $OGCL on tZERO and similarly to list $CVEN on Upstream. The final result will leave all tech assets related to Creatd's flagship product Vocal in $VOCL, with an expected change in CUSIP at the time of the Company's planned uplist of $VOCL to a national exchange.
Creatd today received approval from FINRA for a symbol change from $CRTD to $VOCL effective this Monday, April 3, 2023. Founder and CEO Jeremy Frommer has outlined plans to split Creatd into three separately traded public securities.
NEW YORK, March 31, 2023 /PRNewswire/ -- Creatd, Inc. (CRTD) (OTCQB: CRTD) today announced that it has received approval from FINRA for a symbol change from $CRTD to $VOCL effective this Monday, April 3, 2023. The company also announced that Founder and CEO Jeremy Frommer has outlined plans to split Creatd into three separately traded public securities.
The first public security will be a common stock that will trade on the OTCQB under the symbol "CRTD." The second public security will be a preferred stock that will trade on the OTCQB under the symbol "VOCL." The third public security will be a warrant to purchase common stock that will trade on the OTCQB under the symbol "WCRTD."
"We are very excited to announce these plans," said Jeremy Frommer, Founder and CEO of Creatd. "This is a major milestone for our company and marks the beginning of a new era for Creatd. We believe that our three separately traded public securities will provide shareholders with a more diverse and valuable investment opportunity."
Creatd plans to use the proceeds from the issuance of the public securities to continue to grow the company and to invest in innovative new products and services.
About Creatd
Creatd is a leading provider of marketing automation software. The company's products help businesses of all sizes automate their marketing activities and improve their overall marketing performance. Creatd's marketing automation software is used by thousands of businesses around the world. For more information, please visit www.creatd.com.
Forward-Looking Statements
This press release may contain forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Creatd, Inc. to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in Creatd's filings with the Securities and Exchange Commission. Creatd does not intend to update these forward-looking statements.
SOURCE Creatd, Inc.
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