CREATD, INC. View all news
Creatd, Inc. Reduces Severance Liabilities and Settles Legal Dispute
View all newsOctober 26, 2023
DownloadPDF Format (opens in new window)
New York, NY - Creatd, Inc. ($CRTD) ("Creatd" or the "Company") is pleased to announce a significant milestone in its ongoing strategic financial restructuring. The Company has successfully negotiated a settlement with former key executives, reducing its severance liabilities by approximately $400K. This agreement reflects the collaborative spirit and continued support from these executives towards Creatd Inc.'s strategic turnaround endeavors.
The resolution of this legal dispute marks a substantial step forward in Creatd's broader financial strategy aimed at bolstering its balance sheet and enhancing shareholder value. With this settlement, the Company has now reduced its total liabilities by over $3 million since the initiation of its strategic financial plan.
This recent settlement underscores Creatd's unyielding commitment to diligently managing its financial obligations, thereby fostering a conducive environment for operational excellence and long-term value generation.
About Creatd, Inc. Creatd, Inc. is a publicly traded digital holding company renowned for its commitment to innovation, transparency, and growth. Central to its operations is the flagship platform, Vocal-a pioneering social media and publishing platform designed to amplify user engagement and monetization.
Forward-Looking Statements Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
The resolution of this legal dispute marks a substantial step forward in Creatd's broader financial strategy aimed at bolstering its balance sheet and enhancing shareholder value. With this settlement, the Company has now reduced its total liabilities by over $3 million since the initiation of its strategic financial plan.
This recent settlement underscores Creatd's unyielding commitment to diligently managing its financial obligations, thereby fostering a conducive environment for operational excellence and long-term value generation.
About Creatd, Inc. Creatd, Inc. is a publicly traded digital holding company renowned for its commitment to innovation, transparency, and growth. Central to its operations is the flagship platform, Vocal-a pioneering social media and publishing platform designed to amplify user engagement and monetization.
Forward-Looking Statements Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Multimedia Files:
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Creatd Inc. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 16:30:41 UTC.
