FORT LEE, N.J., June 16, 2021 /PRNewswire/ -- Creatd, Inc.
(Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company
of Vocal, today announced that it has commenced an underwritten
public offering of its common stock. All of the shares in the
offering are being offered by Creatd. In addition, Creatd expects
to grant the underwriters a 30-day option to purchase up to an
additional 15% of shares of its common stock on the same terms and
conditions. The offering is subject to market and other conditions,
and there can be no assurance to whether or when the offering may
be completed, or as to the actual size or terms of the
offering.
Creatd intends to use the net proceeds it receives from the
offering for general corporate purposes.
The Benchmark Company is acting as sole bookrunning manager for
the proposed offering.
The shares of common stock described above are being offered by
Creatd, Inc. pursuant to a "shelf" registration statement on Form
S-3 (File No. 333-250982) that became effective with the Securities
and Exchange Commission (the "SEC") on April
23, 2021, the base prospectus contained therein and the
accompanying prospectus supplement. A preliminary prospectus
supplement and the accompanying prospectus relating to and
describing the terms of the offering is being filed with
the SEC. Before you invest, you should read the prospectus in the
registration statement, the preliminary prospectus supplement, and
other documents the Company has filed with the SEC for more
complete information about the Company and this offering. Copies of
the preliminary prospectus supplement and the accompanying
prospectus relating to this offering may be obtained on the SEC's
website at sec.gov or by contacting The Benchmark Company,
LLC, Attention: Equity Syndicate Department, 150 East 58th Street,
17th floor, New York, NY 10155 or
by telephone at (212) 312-6700.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy securities, any securities, nor
shall there be any sale of securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
About Creatd
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. For news and updates, subscribe to Creatd's newsletter:
https://creatd.com/newsletter
Investor Relations Contact: ir@creatd.com
Forward-Looking Statements
Any 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 expressed in the forward-looking statements. We caution
that the factors described herein could cause actual results to
differ materially from those expressed in any forward-looking
statements we make and that investors should not place undue
reliance on any such forward-looking statements. Further, any
forward-looking statement speaks only as of the date on which such
statement is made, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the
occurrence of anticipated or unanticipated events or circumstances.
New factors emerge from time to time, and it is not possible for us
to predict all of such factors. Further, we cannot assess the
impact of each such factor on our results of operations or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. This press release is qualified in its
entirety by the cautionary statements and risk factor disclosure
contained in our Securities and Exchange Commission filings.
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SOURCE Creatd, Inc.