Creatd raises $800K in direct offering, restructures debt with lower conversion price and cash burn covenant

Creatd, Inc.

Registered direct offering of 4M shares at $0.20/share, with warrants to purchase 4M shares at $0.20 exercise price for 5 years.
Restructuring reduces conversion price of outstanding debentures and exercise price of warrants to $0.20, extending debenture maturity to March 31, 2023.
Monthly cash burn capped at $600K, may increase by $150K for marketing with majority holder consent.
Company grants first-priority security interest in all assets to holders; insiders sign 180-day lock-up agreements.
Gross proceeds of $800K before expenses will be used for working capital and general corporate purposes.

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