Benzinga | Jun 16, 2021 04:02PM EDT

Creatd Announces Proposed Public Offering Of Common Stock; Size, Price Not Disclosed

Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company of Vocal, today announced that it has commenced an underwritten public offering of its common stock. All of the shares in the offering are being offered by Creatd. In addition, Creatd expects to grant the underwriters a 30-day option to purchase up to an additional 15% of shares of its common stock on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Creatd intends to use the net proceeds it receives from the offering for general corporate purposes.

The Benchmark Company is acting as sole bookrunning manager for the proposed offering.

The shares of common stock described above are being 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. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering is being filed with the SEC. Before you invest, you should read the prospectus in the registration statement, the preliminary prospectus supplement, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained on the SEC's website at sec.gov or by contacting The Benchmark Company, LLC, Attention: Equity Syndicate Department, 150 East 58th Street, 17th floor, New York, NY 10155 or by telephone at (212) 312-6700.

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.