Creatd Announces Closing of Public Offering of Common Stock

FORT LEE, N.J., June 21, 2021 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company of Vocal, today announced the closing of its underwritten public offering of 750,000 shares of its common stock, at a public offering price of $3.40 per share, for a total offering size of approximately $2.6 million. In addition, Creatd granted the underwriters a 30-day option to purchase up to an additional 112,500 shares of its common stock on the same terms and conditions. The Benchmark Company, LLC acted as 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.

The aggregate net proceeds from the offering were approximately $2.4 million, after underwriting discounts and commissions. 

The offering was made only by means of a prospectus. Copies of the final prospectus are available on the Securities and Exchange Commission's website at sec.gov and may be obtained by contacting The Benchmark Company, LLC, Attention: Equity Syndicate Department, 150 East 58th Street, 17th floor, New York, NY 10155, by telephone at (212) 312-6700, or by email at [email protected].

The securities described above were offered by Creatd, Inc. pursuant to a "shelf" registration statement on Form S-3 (File No. 333-250982) that became effective with the Securities and Exchange Commission (the "SEC") on April 23, 2021, the base prospectus contained therein, and the accompanying prospectus supplement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities 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. (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. We accomplish this through Creatd's three main business pillars: Vocal Ventures, Creatd Partners and Recreatd.

For news and updates, subscribe to Creatd's newsletter: https://creatd.com/newsletter

Investor Relations Contact: [email protected]

Forward-Looking Statements

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SOURCE Creatd, Inc.