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Creatd’s Flyte Introduces Jet Card Membership Program, Featuring Cryptocurrency Payment Option
Globenewswire· 2025-07-21 13:30
Core Insights - Creatd, Inc. has launched the Flyte Jet Card, a premium loyalty program aimed at enhancing the private aviation experience for frequent flyers [1][4] - The program offers guaranteed aircraft availability, fixed hourly pricing, and complementary services, catering to high-frequency travelers [2][6] - Flyte Jet Card accepts Bitcoin as a payment method, positioning Flyte as a leader in private aviation that embraces cryptocurrency [3][6] Company Overview - Creatd, Inc. operates across various sectors including technology, media, aviation, advertising, and consumer markets, focusing on small-cap companies to drive growth [5] - Flyte, Inc. is redefining private air travel through AI-powered infrastructure and user-centered design, offering services like Flyte Hops and Flyte Luxe [6]
Creatd, Inc. Closes $2.3 Million Multi-Company Investment to Expand Investor Engagement Ecosystem
Globenewswire· 2025-07-15 13:30
Core Insights - Creatd, Inc. has closed a series of investments totaling $2.3 million, structured entirely in Creatd Preferred stock, which includes minority stakes in PCG Advisory and three affiliated entities [1][4] - The strategic investment aligns with Creatd's mission to modernize access to capital markets through AI-enabled platforms and community-driven investor engagement [2] Transaction Summary - Total Investment: $2.3 million in CRTD stock - Total Combined Pre-Money Valuation: $9.5 million - Total Combined Post-Money Valuation: $11.8 million - The four companies involved are led by Jeff Ramson, founder of PCG Advisory, who will continue to lead operations [4] Strategic Rationale and Platform Synergies - The investments mark a milestone in Creatd's plan to consolidate complementary service providers focused on small- and micro-cap sectors [5] - The additions will enhance Creatd's CEOBLOC platform, which supports public company leadership with governance, visibility, and capital formation tools [5] Company-Specific Details - PCG Advisory will anchor Creatd's investor relations capabilities - PRISM Media Holdings and PRISM MediaWire will expand digital communications and regulatory disclosure - AIIRHub will introduce smart automation features to improve shareholder engagement [6] Leadership Commentary - Jeremy Frommer, Chairman and CEO of Creatd, stated that these investments represent a significant step in building a future-oriented financial communications and technology platform [7] - Jeff Ramson, CEO of PCG Advisory, emphasized the importance of integration in investor relations, stating that the partnership with Creatd will accelerate their vision for a fully integrated communications platform [9] Investment Breakdown - PCG Advisory, Inc.: 25% equity stake at a $5 million valuation, Investment: $1,250,000 - PRISM Media Holdings, Inc.: 25% equity stake at a $2 million valuation, Investment: $500,000 - PRISM MediaWire, Inc.: 25% equity stake at a $1 million valuation, Investment: $250,000 - AIIRHub, Inc.: 20% equity stake at a $1.5 million valuation, Investment: $300,000 [8]
Creatd Completes Purchase of 25% of PCG Advisory for $1.25 Million
Globenewswire· 2025-06-30 13:30
Core Insights - Creatd, Inc. has acquired a 25% equity stake in PCG Advisory, Inc. for $1.25 million, marking a strategic move to enhance its portfolio in investor relations [1][2] - This acquisition is part of a broader strategy to build synergistic assets that support public companies through technology and access to capital [2][3] - The partnership with PCG Advisory aims to empower emerging growth companies with innovative infrastructure and scalable tools [3] Group 1 - The purchase of the equity stake in PCG Advisory is valued at $1.25 million [1] - PCG Advisory is recognized as a leading investor relations firm for private emerging growth and small-cap public companies [1][2] - The acquisition is part of a series of related transactions that Creatd plans to announce in the coming weeks [1] Group 2 - Creatd's strategy focuses on assembling high-impact assets that enhance investor relations and support public companies [2] - PCG Advisory has a strong reputation for combining strategic communications with a community-focused approach [2][3] - The collaboration is expected to strengthen the foundation for supporting early-stage and growth companies in public markets [3]
Creatd, Inc. Completes 2024 PCAOB Audit, Achieving Two Years of Audited Financials and Clearing Path Toward SEC Re-Registration and National Exchange Uplisting
Globenewswire· 2025-06-24 18:57
Core Insights - Creatd, Inc. has completed its 2024 PCAOB audit and submitted audited financials to the OTC Markets, positioning the company for SEC re-registration and potential uplisting to a national securities exchange [1][3] Financial Highlights - Net equity has improved by $18 million since 2023, with over $2.9 million reported as of now, and $15 million of that gained during the 2024 fiscal year [6] - Revenues for fiscal year 2024 totaled approximately $1.5 million, a figure already matched in the first half of 2025 [6] Strategic Developments - In 2024, the company addressed challenges by securing funding through collaboration with shareholders and strategic partners, allowing it to sustain and grow operations [3][4] - Creatd has built a diversified model by acquiring complementary businesses and integrating them into a shared infrastructure, which includes consolidating revenues and unifying back-office functions [3][4] Management Commentary - The CEO of Creatd highlighted the past two years as both challenging and transformative, emphasizing the lessons learned from navigating the microcap sector's difficulties [4][5] - The company aims to continue acquiring and supporting peers in the microcap space, recognizing the importance of collaboration for success [5]
Creatd, Inc. Publishes Q1 2025 Financial Report Highlighting a $7.9M Improvement in Net Equity
Prism Media Wire· 2025-05-21 13:33
Core Insights - Creatd, Inc. reported a significant improvement in net equity, increasing by $7.9 million in Q1 2025, marking an 80% quarter-over-quarter increase from Q4 2024 [8] - The company achieved revenues of $721,815 in Q1 2025, which is a 70% year-over-year growth from $428,000 in Q1 2024 [8] - The acquisition of Flyte, a platform in the private aviation and travel technology sector, is a key contributor to the company's performance and aligns with its long-term strategic goals [4][5] Financial Performance - Net equity improved by $7.9 million in Q1 2025, reflecting a strong financial turnaround for the company [8] - Revenues reached $721,815, indicating robust growth compared to the previous year [8] Strategic Acquisitions - The acquisition of Flyte supports Creatd's strategy of acquiring established businesses that deliver immediate financial results [4] - The company announced its intent to acquire a stake in PCG Advisory and its affiliated companies for $2.3 million, further enhancing its net equity [5][6] - The PCG transaction is part of a broader strategy to reduce liabilities and pursue additional strategic transactions [6] Future Outlook - Creatd is focused on applying for an uplisting to a national exchange in Q3 2025, leveraging its improved financials and strategic acquisitions [5][6] - The company emphasizes a commitment to growing revenue and maintaining a strong balance sheet as it prepares for future growth [6]
Creatd, Inc. to Acquire Strategic Stakes in PCG Advisory Inc., and Related Affiliates in $2.3 Million All-Stock Transaction
Prism Media Wire· 2025-05-20 12:30
Core Viewpoint - Creatd, Inc. is set to acquire a 25% stake in PCG Advisory, Inc. and its two related companies, along with a 20% stake in the technology start-up AIRHub, in a $2.3 million all-stock transaction, enhancing its investor relations and strategic communications capabilities [3][11]. Group 1: Acquisition Details - The acquisition involves a total investment of $2.3 million in an all-stock deal, which includes 25% of PCG Advisory and its related companies, as well as 20% of AIRHub [3][11]. - PCG Companies is recognized for its expertise in investor relations and strategic communications, particularly for microcap and small-cap companies [4][10]. Group 2: Strategic Rationale - This acquisition aligns with Creatd's strategy to leverage technology for unifying data, governance, and investor engagement into a single platform for public companies [5][11]. - The integration of PCG's services with Creatd's existing platform, CEOBLOC, aims to enhance investor engagement tools and services for small-cap companies [6][11]. Group 3: Leadership Insights - Jeremy Frommer, Chairman & CEO of Creatd, emphasizes the importance of this partnership in providing advanced investor engagement tools that connect microcap companies with retail investors [6][7]. - Jeff Ramson, Founder and CEO of PCG Advisory, highlights the opportunity to enhance client value through this collaboration, leveraging Creatd's AI-driven approach [7][8]. Group 4: Company Backgrounds - Creatd, Inc. is a publicly traded holding company focused on investments across technology, media, advertising, and consumer sectors, aiming to drive growth in small-cap companies [9]. - PCG Advisory specializes in high-impact investor relations and strategic communications, with a strong focus on emerging growth sectors such as life sciences and technology [10].
Creatd, Inc. to Acquire Air Charter Advisors in $3-$6 Million Stock Deal, Further Strengthening Its Aviation Portfolio Following the $8.3 Million Flyte Acquisition
Globenewswire· 2025-04-22 13:30
Core Insights - Creatd, Inc. has signed a Letter of Intent to acquire Air Charter Advisors, Inc., enhancing its position in the aviation sector [1][4] - The acquisition is valued between $3 million and $6 million and is expected to close within 60 days, following due diligence [4][8] - This move follows Creatd's recent acquisition of Flyte for $8.3 million, indicating a strategic focus on consolidating aviation assets [1] Company Overview - Air Charter Advisors specializes in private jet charter, aircraft management, and consulting, with a strong reputation for safety and premium service [6] - Flyte, a subsidiary of Creatd, offers regional and international private flight services and is focused on a shared services model to support high-growth operators [7] - Creatd, Inc. is a publicly traded investment firm that acquires and grows founder-led companies in aviation, media, and advisory services [9] Strategic Integration - The acquisition will allow Flyte to expand its customer base and diversify service offerings while maintaining Air Charter Advisors as an independent entity [2][3] - Air Charter Advisors will benefit from Flyte's shared services infrastructure, including finance, compliance, IT, and AI-powered optimization tools [3][5] - The deal is part of a broader strategy by Creatd to integrate aviation companies with complementary capabilities, aiming to create a comprehensive aviation network [5]
Creatd Subsidiary Flyte Launches AI-Powered Travel Booking Platform
Globenewswire· 2025-04-17 13:30
Core Insights - Creatd's subsidiary Flyte has launched an AI-powered platform for private travel, featuring two live offerings: Flyte Luxe and Flyte Hops, with a third, Flyte Escapes, expected soon [1][2] - The launch is part of Creatd's strategy to acquire and scale high-potential businesses through centralized infrastructure in finance, compliance, logistics, and technology [2][3] - Flyte aims to enhance the booking experience using AI for real-time pricing and personalized recommendations, while automating operational workflows to streamline the traditionally labor-intensive private air travel process [2][4] Company Overview - Flyte is positioned as a modern air mobility company, integrating technology and operational efficiency to serve both travelers and providers [2][3] - The platform is designed to eliminate friction in the booking process and is equipped with centralized systems and shared services, making it attractive for boutique private brokerages [3][4] - Flyte operates Flyte Luxe, a premium global charter service, and Flyte Hops, a regional air taxi service, with plans to launch Flyte Escapes, a luxury travel experience [6] Technological Integration - Flyte is described as a full-stack operational engine, transforming the private flight booking process and the overall industry operations [4] - The platform is currently available as a progressive web app on iOS and Android, with native mobile apps set to launch in the next quarter [4] - Flyte Luxe offers premium aircraft access and white-glove service, while Flyte Hops focuses on short-haul efficiency using eco-conscious aircraft [6]
CREATD(CRTD) - 2023 Q3 - Quarterly Report
2023-11-15 01:02
Revenue and Financial Performance - Revenue for the nine months ended September 30, 2023, was $2,123,364, a decrease of 47% compared to $3,997,490 for the same period in 2022 [386]. - Cost of revenue decreased by 62% to $1,809,974 for the nine months ended September 30, 2023, down from $4,771,151 in the prior year [388]. - Operating expenses for the nine months ended September 30, 2023, were $18,660,455, a decrease of 7.6% from $20,205,866 in 2022 [389]. - Net loss for the nine months ended September 30, 2023, was $(23,304,137), compared to a net loss of $(25,112,331) for the same period in 2022 [392]. - The working capital deficit increased to $(21,329,846) as of September 30, 2023, from $(13,728,152) at December 31, 2022, an increase of $7,601,694 [393]. - Net cash used in operating activities improved by $10,335,705 to $(3,384,288) for the nine months ended September 30, 2023 [394]. - Net cash provided by financing activities was $2,434,823 for the nine months ended September 30, 2023, compared to $11,061,905 in the same period of 2022 [396]. - The Company expects to achieve cash flow breakeven within a year, driven by a recapitalization plan projected to be fully implemented by the end of Q4 [385]. Strategic Acquisitions and Business Development - The company has made strategic acquisitions to diversify revenue streams and enhance profitability, focusing on cost synergies and operational efficiencies [341]. - The Company acquired 100% of Seller's Choice, LLC for an undisclosed amount on September 11, 2019, and settled the Seller's Choice Note for $799,000 on March 3, 2022 [351]. - The Company acquired 100% of Dune, Inc. on May 30, 2023, consolidating its operations in the financial statements [366]. - The Company raised $1,500,000 through securities purchase agreements with Dorado Goose LLC on January 18, 2023, including an unsecured debenture and common stock [369]. Product and Service Offerings - Creatd, Inc. has over 1.5 million registered creators on its Vocal platform, which has become a key revenue source through creator subscriptions and microtransactions [321]. - The Vocal+ subscription service is priced at approximately $10 per month, providing a scalable source of monthly recurring gross revenue for the company [342]. - The company’s Consumer Products Group has grown significantly, contributing to revenue through brands like Camp, Dune, Basis, and Brave, with a focus on direct-to-consumer strategies [328]. - Creatd's Vocal for Brands unit leverages first-party data to create targeted marketing campaigns, enhancing brand visibility and engagement [327]. - Vocal takes platform processing fees ranging from approximately 3% to 7% on transactions, which are designed to support creators [342]. - Creatd's revenue model includes e-commerce sales from its owned brands and revitalizing legacy media content for new formats [343]. Management and Corporate Governance - The Company appointed Mr. Eric Pickens as Chief Financial Officer effective May 22, 2023, to enhance financial strategy [384]. - The Company plans to pay cash bonuses totaling $218,750 to key management members, with additional monthly housing stipends of $6,300 for two executives [374]. - The Company approved the Creatd, Inc. 2022 Omnibus Securities and Incentive Plan, allowing for the issuance of up to 30,000,000 common shares plus annual increases [370]. Corporate Changes and Stock Information - On February 5, 2016, the Company completed a merger with Jerrick Ventures, Inc., acquiring all outstanding capital stock in exchange for 475,000 shares of common stock [346]. - The Company changed its name to Jerrick Media Holdings, Inc. on February 28, 2016, to reflect its new business strategy following the merger [349]. - The Company executed a one-for-twenty reverse stock split on July 30, 2019, reducing the number of authorized common stock shares proportionately [350]. - The Company increased its authorized shares of common stock to 100,000,000 on July 13, 2020 [352]. - The Company’s common stock is quoted on the OTCQB Marketplace under the symbol "VOCL" effective April 4, 2023 [370]. - The Company issued 800,000 shares of common stock to the Investor as part of the Investment Agreement on October 20, 2022 [381]. Innovation and Future Plans - The company is committed to innovation and scalability, utilizing a capital-light infrastructure to continuously improve the Vocal platform [323]. - Creatd's IP Development and Production efforts aim to adapt creator content for various media, including television and podcasts, expanding audience reach [333]. - The company utilizes first-party data to tailor marketing campaigns, improving user engagement and retention rates [336].
CREATD(CRTD) - 2023 Q2 - Quarterly Report
2023-08-14 20:01
Revenue Generation - Creatd, Inc. has over 1.5 million registered creators on its Vocal platform, which has become a key revenue source through subscriptions and microtransactions [280]. - The Vocal+ subscription service is priced at approximately $10 per month, providing a scalable source of monthly recurring gross revenue for the company [301]. - Vocal generates platform processing fees ranging from approximately 3% to 7% on transactions, further diversifying revenue streams [301]. - The establishment of Vocal for Brands allows Creatd to create targeted marketing campaigns, increasing visibility and revenue for client brands [284]. - The company’s Consumer Products Group has grown significantly, contributing to revenue through brands like Camp, Dune, Basis, and Brave, with a focus on direct-to-consumer strategies [287]. - Creatd's IP Development and Production efforts aim to adapt creator content for various media, expanding audience reach and engagement [292]. - The company maintains an exclusive license to leverage stories on Vocal for various media adaptations, enhancing its revenue potential [302]. Financial Performance - Revenue for the six months ended June 30, 2023, was $1,685,509, a decrease of 43% from $2,974,639 in the same period of 2022 [346]. - Cost of revenue decreased by 57% to $1,450,274 for the six months ended June 30, 2023, compared to $3,366,589 in 2022 [347]. - Operating expenses increased to $16,659,487 for the six months ended June 30, 2023, from $14,611,058 in 2022, primarily due to stock-based compensation [348]. - Loss from operations for the six months ended June 30, 2023, was $16,424,252, compared to $15,003,008 in the same period of 2022 [349]. - Net loss for the six months ended June 30, 2023, was $20,421,383, compared to a net loss of $15,586,286 in 2022 [351]. - Working capital deficit increased to $20,023,839 as of June 30, 2023, from $13,728,152 at December 31, 2022 [352]. - Net cash used in operating activities for the six months ended June 30, 2023, was $3,190,572, an improvement of $7,429,883 from the same period in 2022 [353]. - Net cash provided by financing activities for the six months ended June 30, 2023, was $2,338,549, compared to $8,778,934 in 2022 [355]. Strategic Initiatives - The company leverages first-party data to create personalized marketing campaigns, improving user engagement and retention rates [295]. - Creatd's acquisition strategy has led to the integration of complementary businesses, enhancing profitability and operational efficiencies [300]. - The company is committed to continuous improvement of the Vocal platform, utilizing a capital-light infrastructure to enhance scalability and innovation [282]. - The Company expects to achieve cash flow breakeven within a year, driven by a recapitalization plan projected to be fully implemented by the end of Q3 [344]. - The Company plans to continue reducing expenses while focusing on organic revenue growth throughout 2023 [353]. Corporate Actions - On February 5, 2016, the Company completed a merger with Jerrick Ventures, Inc., acquiring all outstanding capital stock in exchange for 475,000 shares of common stock and assuming 33,415 shares of Series A Convertible Preferred Stock and 8,064 shares of Series B Convertible Preferred Stock [305]. - The Company changed its name to Jerrick Media Holdings, Inc. on February 28, 2016, to better reflect its new business strategy [309]. - On July 25, 2019, the Company executed a one-for-twenty reverse stock split, reducing the number of authorized common stock shares proportionately [310]. - The Company acquired 100% of Seller's Choice, LLC on September 11, 2019, and settled the Seller's Choice Note for $799,000 on March 3, 2022 [311]. - The Company increased its authorized shares of common stock to 100,000,000 on July 13, 2020 [312]. - The Company acquired 100% of Dune, Inc. on May 30, 2023, consolidating its operations in the Statements of Operations [325]. - The Company entered into a securities purchase agreement with Dorado Goose LLC on January 18, 2023, raising $1,500,000 through an unsecured debenture and common stock [327]. - The Company’s common stock is quoted on the OTCQB Marketplace under the symbol "VOCL" effective April 4, 2023 [329]. - The Company approved the Creatd, Inc. 2022 Omnibus Securities and Incentive Plan, allowing for the issuance of up to 30,000,000 common shares plus annual increases [330]. - The Company entered into an Investment Agreement with Coventry on October 20, 2022, allowing for the purchase of up to $15,000,000 of common stock over 36 months [337].