Creatd, Inc. acquired an additional 5% of the membership interests of Orbit Media, LLC for $0.1 million.
May 12, 2023
Share
Creatd, Inc. acquired an additional 5% of the membership interests of Orbit Media, LLC for $0.1 million on February 3, 2023. Creatd, Inc. acquired an additional 5% of the membership interests of Orbit Media, LLC. bringing total membership interests to 56%. Creatd issued 125,000 shares to purchase an additional 5% of the membership interests of Orbit Media, LLC. Orbit Media LLC has been consolidated due to Creatd, Inc. ownership of 85% voting control and the results of operations have been included since the date of acquisition in the Statements of Operations.
Creatd, Inc. completed the acquisition of an additional 5% of the membership interests of Orbit Media, LLC on February 3, 2023.
Creatd, Inc. is a technology company focused on providing economic opportunities for creators. The Company operates through three segments: Creatd Labs, Creatd Ventures, and Creatd Partners. The Creatd Labs segment is focused on development initiatives. Creatd Labs segment houses the Company's technology, including its flagship platform, Vocal, as well as oversees the Company's content creation framework and management of its digital communities. Its flagship product, Vocal, delivers a long-form, digital publishing platform organized into engaged niche-communities. The Creatd Ventures segment builds, develops, and scales e-commerce brands. This segment sells products from its two majority-owned direct-to-consumer brands, Camp and Dune Glow Remedy. Creatd Partners segment fosters relationships between brands and creators through its suite of agency services, including content marketing (Vocal for Brands), performance marketing (Seller's Choice), and influencer marketing (WHE Agency).
CREATD, INC. 
