M&A
confidence high
sentiment positive
materiality 0.75
Creatd signs MOU to acquire Brave breakfast brand, closes $2.15M convertible financing
Creatd, Inc.
- MOU to acquire 100% of Brave, plant-based breakfast brand; expected close within weeks, immediately accretive to revenues.
- Closed $2.15M debenture offering (10% OID, convertible at $2/share) with 1.075M Series E ($3) and 1.075M Series F ($6) warrants, 5-year term.
- Proceeds to fund acquisitions and technology development per expansion plan presented at Investor Day.
- Rights offering: record date July 29; subscription period Aug 8-22; Ownership Date cutoff July 27 at 4 PM ET.