NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company of Vocal , is pleased to announce that it has closed its previously announced registered direct offering with certain institutional investors for the purchase and sale of its common stock at a price of $4.50 per share for gross proceeds to the Company of approximately $3,825,000 in an offering priced at-the-market under Nasdaq rules (the "Offering").
The Benchmark Company, LLC acted as exclusive placement agent for the Offering.
Net proceeds from the Offering totaled approximately $3.4 million, after placement agent fees and expenses. Creatd intends to use these net proceeds for general corporate purposes.
The Offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-250982) previously filed with the U.S. Securities and Exchange Commission (the "SEC"). A prospectus supplement describing the terms of the Offering was filed with the SEC and is available on the SEC's website located at https://www.sec.gov/ . Electronic copies of the prospectus supplement may be obtained, when available, from The Benchmark Company, LLC, 150 East 58th Street, 17th floor, New York, NY 10155, or by telephone at (212) 312-6700, or by email at firstname.lastname@example.org .
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.
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.
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SOURCE Creatd, Inc.