CREATD(CRTD)
Search documents
Creatd’s Flyte Positions for Strategic Expansion Following Verijet Bankruptcy
Globenewswire· 2025-10-14 15:41
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, is positioned for expansion following Verijet's Chapter 7 bankruptcy, highlighting the risks of overextension in the private aviation market [1][6] - Flyte aims to strategically strengthen its presence in key markets by integrating valuable assets from Verijet's liquidation [2][4] Company Strategy - Flyte was designed to scale the charter business while maintaining operational integrity, learning from the mistakes of others in the industry [2][3] - The company plans to absorb valuable assets such as aircraft, routes, and talent from Verijet to enhance its operations [4][6] Market Context - Verijet's failure serves as a lesson that unsustainable growth without stability can lead to collapse, emphasizing the need for disciplined growth in the aviation sector [4][6] - The private aviation sector is experiencing volatility, creating new opportunities for disciplined operators like Flyte [6] Leadership Vision - CEO Jeremy Frommer emphasizes the importance of balancing vision with financial reality, stating that the next generation of aviation companies must build sustainable models [5][6] - Flyte's approach focuses on steady growth across its three divisions: Flyte Luxe, Flyte Hops, and Flyte Escapes, each targeting distinct market segments [4][6]
Creatd, Inc. Files S-1 Registration Statement with SEC, Signaling Readiness for Future National Exchange Uplisting
Prism Media Wire· 2025-08-15 13:35
Core Points - Creatd, Inc. has filed an S-1 registration statement with the SEC, marking its first filing since December 2023 and indicating readiness for potential uplisting to a national exchange [3][4][7] - The filing is accompanied by fully audited and up-to-date financials, showcasing a $32 million turnaround over 18 months and achieving $9 million in positive net equity as of August 12, 2025 [3][4][7] - The primary purpose of the S-1 filing is to reestablish the company's registration with the SEC, rather than to raise new capital [4][7] - The filing represents a significant milestone following nearly two years of operational restructuring and strategic execution aimed at enhancing long-term shareholder value [4][5] Company Overview - Creatd, Inc. (OTC: CRTD) focuses on investing in and operating businesses across technology, media, consumer, and capital markets, aiming to build, acquire, and accelerate assets with strong fundamentals and high growth potential [5]
Creatd, Inc. Swings to $6.4M Positive Net Equity, $32M Turnaround in 18 Months, Sets Stage for Uplist to National Exchange
Globenewswire· 2025-08-11 13:30
Core Viewpoint - Creatd, Inc. has achieved a significant turnaround in shareholder equity, moving from negative $26 million to positive $6.4 million in 18 months, with plans for an uplist to a national exchange [1][2][3]. Financial Highlights - Shareholder equity improved by $32 million since January 2024, with net equity reaching approximately $9 million by mid-Q3 2025 [1][2]. - The company reported record revenue of $1.5 million in Q2 2025, representing a year-over-year increase of approximately 62% [7]. - Other income for Q2 2025 was $1.7 million, contrasting with a loss of $5.1 million in Q2 2024, indicating a positive profitability trend [7]. Strategic Transactions Driving Growth - Over the past 18 months, Creatd has made targeted acquisitions, including Flyte, Inc. and a minority stake in PCG Advisory, which are expected to generate long-term value [4]. Regulatory Milestone & Path to Uplist - The company has completed two years and two quarters of PCAOB-audited financial statements, allowing it to file an S-1 registration statement to re-register with the SEC and qualify for OTCQB trading [5][6]. Positioned for Expansion - Creatd is operating near break-even, benefiting from efficiency gains due to strategic technology investments, and is prepared to integrate more emerging growth companies [6]. - The company aims to accelerate its M&A strategy and expansion plans, leveraging its stronger balance sheet and expanded investor access [6].
Creatd CEO and Executive Chairman Jeremy Frommer Joins Blue Gold Advisory Board
Globenewswire· 2025-08-07 16:00
Core Insights - Creatd, Inc.'s CEO Jeremy Frommer has been appointed to the Executive Advisory Board of Blue Gold Limited, which focuses on blockchain-integrated gold-backed financial instruments [1][2] - Frommer will act as a senior advisor, leveraging his expertise in fintech and structured finance to enhance Blue Gold's digital gold token strategy [2][3] - The appointment aligns with Creatd's strategy to connect high-growth ventures with necessary resources, viewing the digital asset space as complementary to its core strengths [3][4] Company Overview - Creatd, Inc. is a publicly traded holding company that invests in technology, media, consumer, and capital markets, focusing on businesses with strong fundamentals and high growth potential [5] - Blue Gold Limited aims to acquire high-potential mining assets and innovate monetization models, including asset-backed digital instruments, while committing to responsible development and operational transparency [6][7] Strategic Implications - Frommer's extensive experience in finance and technology is expected to enhance Blue Gold's access to institutional capital and advisory networks [7] - The collaboration is anticipated to create synergies between Creatd and Blue Gold, expanding Creatd's presence in emerging digital asset verticals [7]
Creatd's Flyte AI-Driven Platform Advances New Empty Legs Offering
Prism Media Wire· 2025-08-06 13:32
Core Insights - Creatd's aviation subsidiary, Flyte, has launched a new offering called Empty Legs, which provides pre-scheduled one-way flights at significantly reduced rates, aiming to monetize aircraft repositioning and lower costs for consumers [3][5] - The Empty Legs program offers discounts of up to 90% compared to traditional charter rates, targeting first-time private flyers and cost-conscious corporate travelers [5][7] - The initiative is expected to generate high-margin revenue and provide valuable data insights for future scheduled services, particularly for Vision Jet routes [6][10] Pricing and Revenue Model - Flyte's Empty Legs program allows the conversion of unavoidable repositioning expenses into a profitable revenue stream, with minimal variable costs [5] - Each booking serves as a data point for real-world demand, guiding the development of future ticket-based services [6][10] Market Strategy - Flyte is collaborating with a select group of Part 135 operators to enhance route coverage without increasing fleet capital, leveraging operational data to inform service rollout [8][9] - The program aims to refine pricing algorithms and deepen partnerships with operators, facilitating the launch of scheduled Vision Jet shuttles [10] Customer Experience - Passengers using the Empty Legs service will enjoy private-terminal access, expedited boarding, and amenities comparable to full-fare charters [9] - The inventory for Empty Legs is searchable in real-time via Flyte's web app, maximizing seat absorption and data capture [9]
Creatd’s Flyte AI-Driven Platform Advances New Empty Legs Offering
Globenewswire· 2025-08-06 13:30
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, has launched a new offering called Empty Legs, which monetizes aircraft repositioning and significantly reduces costs for consumers seeking private and regional air travel [1][2] - The Empty Legs program offers itineraries at discounts of up to 90% compared to traditional charter rates, targeting first-time private flyers and cost-conscious corporate travelers [2][4] - The initiative is expected to generate high-margin revenue while providing valuable data insights to guide future service expansions and pricing strategies [3][5] Company Strategy - Flyte's CEO, Jeremy Frommer, emphasized that the Empty Legs program serves as both a discounted flight option and a data engine to inform the development of scheduled, ticket-based services [3] - The company is collaborating with a curated group of Part 135 operators to enhance route coverage without increasing fleet capital, leveraging operational data to refine pricing algorithms and accelerate the launch of Vision Jet shuttles [3][5] - Flyte aims to make regional private aviation more predictable, affordable, and scalable, aligning with modern transportation networks [5] Customer Experience - Passengers using the Empty Legs service will enjoy private-terminal access, expedited boarding, and amenities comparable to full-fare charters, enhancing the overall travel experience [4] - The inventory for Empty Legs is searchable in real-time via Flyte's web app and distributed through select broker channels to maximize seat absorption and data capture [4][7] Market Positioning - The Vision Jet's low operating costs and short-field performance are highlighted as key advantages for high-frequency regional service, allowing Flyte to scale capacity rapidly while maintaining low balance-sheet leverage [4] - The strategic partnerships with operator fleets are designed to expand capacity while preserving an asset-light business model, which is expected to appeal to both travelers and investors [7]
Creatd's Flyte Introduces Jet Card Membership Program, Featuring Cryptocurrency Payment Option
Prism Media Wire· 2025-07-21 13:32
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, has launched the Flyte Jet Card, a premium loyalty program aimed at enhancing the private aviation experience for frequent flyers [3][5] - The program offers guaranteed jet access, fixed hourly rates, and no hidden fees, catering to high-frequency travelers [5][6] - Flyte Jet Card introduces Bitcoin as a payment option, showcasing the company's commitment to financial flexibility and innovation [3][6] Company Strategy - The launch of the Flyte Jet Card aligns with Creatd's broader strategy to expand its digital asset infrastructure and build a long-term Bitcoin treasury position [3][6][7] - The program is designed to meet the needs of clients who prioritize reliability, efficiency, and luxury in their travel experiences [7] - Flyte aims to position itself at the intersection of convenience, technology, and financial innovation, appealing to high-net-worth individuals [7] Company Overview - Creatd, Inc. focuses on investments and operations across various sectors, including technology, media, aviation, advertising, and consumer markets [8] - Flyte, as an air mobility company, is redefining private air travel through AI-powered infrastructure and user-centered design [9]
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]