FORT LEE, N.J., Sept. 15, 2020 /PRNewswire/ -- Creatd, Inc.
(NASDAQ: CRTD) ("Creatd" or the "Company"), the parent company and
creator of the Vocal platform, today announced the closing of its
public offering of 1,725,000 units of securities at $4.50 per unit, for total proceeds of
$7,762,500. Each unit consisted of
one share of the Company's common stock and one warrant to purchase
one share of common stock, the warrant being immediately
exercisable at a price of $4.50 per
share and expiring 5 years from the date of issuance. The Company's
common stock and warrants began trading on the Nasdaq Capital
Market on September 11, 2020, under
the symbols "CRTD" and "CRTDW," respectively.
Additionally, Creatd has granted the underwriters a 45-day
option to purchase 258,750 additional shares of common stock and/or
258,750 additional warrants to cover over-allotments, if any.
The Benchmark Company, LLC acted as the lead book-running
manager for the offering. Aegis Capital Corp. and Brookline Capital
Markets, a division of Arcadia Securities, LLC, acted as
co-managers for the offering.
A registration statement relating to the offering of these
securities was declared effective by the Securities and Exchange
Commission (the "SEC") on September 10,
2020. Copies of the registration statement can be accessed
by visiting the SEC's website at www.sec.gov. The offering was made
only by means of a prospectus. A copy of the final prospectus
relating to the offering may be obtained by visiting the SEC's
website or from: The Benchmark Company, LLC: 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 the
solicitation of an offer to buy, securities of the Company, and no
offer or sale of the Company's securities shall be made in any
state or jurisdiction in which such 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., the parent company and creator of the Vocal platform,
empowers content creators and brands through technology and
data-driven innovation. Creatd identifies opportunities within the
digital platform and content monetization space, and leverages them
through their proprietary Vocal technology, as well as through
complementary digital businesses including Vocal for Brands and
Seller's Choice. Since launching in 2016, Vocal has become home to
over 650,000 content creators and brands of all shapes and sizes,
attracting audiences across its network of wholly owned and
operated communities. For more information about Creatd:
Creatd: https://creatd.com
Vocal Platform: https://vocal.media
Investor Relations Contact: ir@jerrick.media
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 statements speak only as of the date on which such
statement is made, and we undertake no obligation to update any
forward-looking statements 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.