Creatd (CRTD) to Acquire Brave
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Creatd Announces its Intent to Acquire Brave, and Closes $2.15 Million in Above-Market Financing
July 25, 2022 9:20 AM EDTCompany has entered into a Memorandum of Understanding (MOU) for the acquisition of healthy breakfast brand, Brave, which would mark Creatd's fourth consumer brand acquisition under its Ventures pillar.The transaction is expected to close within the coming weeks; upon closing, it is anticipated that Brave will be immediately accretive to Creatd's revenues.Creatd additionally announces close of private placement priced at $2.00, two times Friday's market close.Proceeds from the private placement to be allocated in part toward numerous expansion initiatives outlined at the Company's recent Investor Day, including acquisitions and... More
