8-K
filed January 20, 2023, 6:59 PM ET
ticker CRTD
CIK 0001357671
other material
confidence high
sentiment neutral
materiality 0.70
Creatd raises $1.5M via debenture and stock; annual meeting approves reverse split and authorized share increase
Creatd, Inc.
- Sold $847,500 convertible debenture (13% OID) and 1,562,500 common shares to Dorado Goose LLC for $1.5M total.
- Debenture convertible at $0.20/share, matures June 13, 2023, extendable by 6 months.
- Stockholders re-elected directors (Frommer, Majar, Wagner, Maury) with ~61-62% for, ratified auditor (87%).
- Approved increase in authorized shares (73%) and reverse stock split (74% for).
- Also approved 2022 Omnibus Incentive Plan (58%) and advisory say-on-pay (57% for).
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Creatd, Inc. entered into Securities Purchase Agreements with Dorado Goose LLC valued at $1,500,000 (effective 2023-01-18).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Dorado Goose LLC
- Value
- $1,500,000
- Effective
- 2023-01-18
Exact text from the filing
On January 18, 2023 (the “Effective Date”), Creatd, Inc., a Nevada corporation (the “Company”), entered into and closed two securities purchase agreements (the “Purchase Agreements”) with Dorado Goose LLC (the “Investor”), whereby the Investor purchased from the Company for an aggregate of $1,500,000 in subscription amount, (i) an unsecured debenture in the principal amount of $847,500 (the “Debenture”) and (ii) 1,562,500 shares of common stock of the Company (the “Common Stock”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved Approval of Creatd 2022 Omnibus Securities and Incentive Plan at the 2023-01-18 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
Proposal 4 Approval of Creatd 2022 Omnibus Securities and Incentive Plan: Votes For Votes Against Votes Abstained Percentage Voted For 12,277,181 2,969,855 348,494 58 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved Amendment to our Articles of Incorporation to Effect a Reverse Stock Split at the 2023-01-18 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
Proposal 3 Amendment to our Articles of Incorporation to Effect a Reverse Stock Split: Votes For Votes Against Votes Abstained Percentage Voted For 15,778,941 5,352,262 186,030 74 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved To Ratify the Selection of Rosenberg Rich Baker Berman P.A. as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2022 at the 2023-01-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
Proposal 7 To Ratify the Selection of Rosenberg Rich Baker Berman P.A. as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2022: Auditor Votes For Votes Against Votes Abstained Percentage Voted For Rosenberg Rich Baker Berman & Company P.A. 18,618,198 2,293,519 405,519 87 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved Amendment to our Articles of Incorporation to Increase Authorized Stock at the 2023-01-18 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
Proposal 2 Amendment to our Articles of Incorporation to Increase Authorized Stock: Votes For Votes Against Votes Abstained Percentage Voted For 15,490,469 5,468,835 357,929 73 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved To Approve, on a Non-Binding Advisory Basis, the Compensation of the Company's Named Executive Officers as Disclosed at the 2023-01-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
Proposal 5 To Approve, on a Non-Binding Advisory Basis, the Compensation of the Company's Named Executive Officers as Disclosed: Votes For Votes Against Votes Abstained Percentage Voted For 12,199,774 2,929,471 484,285 57 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved To Recommend on a Non-Binding Advisory Basis, the Frequency of Future Advisory Votes on the Compensation of the Company's named Executive Officers at the 2023-01-18 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
Proposal 6 To Recommend on a Non-Binding Advisory Basis, the Frequency of Future Advisory Votes on the Compensation of the Company's named Executive Officers: One Year Two Years Three Years Votes Abstained Percentage Voted For "One Year" 10,953,907 119,172 1,906,294 2,616,156 51 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Creatd, Inc. shareholders approved To elect four (4) Directors to the Company's Board of Directors to serve until the next annual meeting or until their respective successors have been duly elected and qualified. at the 2023-01-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-01-18
Exact text from the filing
The Company held its Annual Meeting of Stockholders on January 18, 2023. The results of the matters voted on by the Company's stockholders are set forth immediately below. Proposal 1 To elect four (4) Directors to the Company's Board of Directors to serve until the next annual meeting or until their respective successors have been duly elected and qualified. Nominees for Election to the Board: Director Votes For Votes Withheld Percentage Voted For Jeremy Frommer 12,996,539 2,598,991 61 % Peter Majar 13,149,069 2,446,461 62 % Erica Wagner 13,154,993 2,440,537 62 % Justin Maury 12,921,218 2,674,312 61 %
View on SEC.gov
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