Technology - enabled subsidiaries
Search documents
VTAK Acquires 20% Interest in Creatd’s Subsidiary Fly Flyte, Inc.
Globenewswire· 2026-02-17 19:17
Core Insights - Creatd, Inc. announced that Catheter Precision, Inc. has acquired a 20% equity interest in its subsidiary Fly Flyte, Inc. through a secondary purchase from an existing shareholder, aligning with Creatd's strategy of nurturing technology-enabled subsidiaries while maintaining operational independence [1] - The CEO of Creatd emphasized the company's commitment to building a portfolio of small-cap operating companies, aiming to address market gaps created by the contraction of middle markets over the last two decades [2] - Fly Flyte is currently operational, providing AI-enabled regional aviation services that enhance accessibility and convenience, leveraging certified aircraft and established routes for real-time revenue generation [2] Strategic Developments - The partnership with NYSE-listed VTAK expands Fly Flyte's investor network, enhancing its growth potential [4] - Creatd is actively pursuing multiple acquisition discussions to advance its portfolio strategy [4] - Fly Flyte is positioned to transform regional aviation through its focus on accessibility, convenience, and technology-driven operations [4] Company Overview - Creatd, Inc. focuses on acquiring and growing technology-driven companies in sectors such as aviation, media, and advisory services, utilizing a shared services model to enhance efficiency and market reach [3]