Creatd, Inc. Announces $4 Million Above-Market Expansion Plan Financing
05/31/22, 9:30 AM
Money raised
$4 million
Round Type
seed
Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that it has entered into definitive agreements with institutional investors for a private placement with an aggregate principal amount of $4 million (the "Private Placement"). Pursuant to the Private Placement, the Company agrees to sell and issue original issue discount convertible debentures and warrants to purchase shares of common stock. The debentures will be issued with a 10% original issue discount, resulting in gross proceeds of approximately $3.6 million, have a term of six months, subject to extension by six months at the Company's option, and are convertible into shares of the Company's common stock at a conversion price of $2.00 per share
Company Info
Additional Info
Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology company and the parent company of the Vocal platform. Our mission is to empower creators, entrepreneurs, and brands through technology and partnership. We accomplish this through Creatd's three main business pillars: Vocal Ventures, Creatd Partners and Recreatd.
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Investor Relations Contact: ir@creatd.com
Forward-Looking Statements
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SOURCE Creatd, Inc.