PR Newswire
NEW YORK, April 19, 2023
NEW YORK, April 19, 2023 /PRNewswire/ -- Creatd, Inc. $VOCL; Upstream: $VOCL ("Creatd" or the "Company"), the parent company of Vocal offers creators economic opportunities, revenue generation, and brand collaborations. Their creator-centric strategy provides advanced tools, supportive communities, and monetization options through the Vocal platform.
"The last two years of market turmoil have prompted a shift in my perspective on corporate valuations. Previously, the market rewarded internalized growth, making it sensible to acquire and consolidate opportunistic derivative businesses. However, market sentiment has changed, and the focus has shifted from revenue value to cash value," commented Jeremy Frommer, Creatd's founder and CEO. "As a result, we're dividing the Company into three separate public entities: the OG Collection Inc, which we plan to spin off on Upstream and subsequently on another exchange; Creatd Ventures, which will become an independent company listed on a traditional and a blockchain exchange; and finally, Creatd will be renamed Vocal, with a CUSIP change, as we prepare to uplist the new company to the NYSE. This is our path forward."
About Creatd
Creatd, Inc. $VOCL is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
Forward-Looking Statements
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SOURCE Creatd, Inc.
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