secwatch.observer — SEC 8-K summary
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Issuer:     Creatd, Inc. (CRTD)
CIK:        0001357671
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001213900-22-066012
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Creatd raises $1.5M via convertible debenture; conversion at $0.20, 6-month term
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- Principal amount $1,666,650 with 10% OID; net proceeds $1,500,000 from one accredited investor.
- Debenture convertible at $0.20/share, matures April 24, 2023; extendable 6 months at company option.
- Lock-up agreements with May and July investors; they exchange warrants for replacement warrants.
- Company to pay $750,000 to prior investors from proceeds; future financing sharing of 50% of gross proceeds.
- Series C/D warrants reduced from 1,550,000 to 1,536,607 each; Series E/F from 1,075,000 to 807,143 each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357671/000121390022066012/0001213900-22-066012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357671/000121390022066012/ea167525-8k_creatd.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-066012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer