Creatd CEO outlines Q2 revenue $800K, plans to spin off Vocal, raise $5M via Reg CF

Creatd, Inc.

2023-Q2 EPS reported -$0.43 revenue$1,685,509

Q2 2023 gross quarterly revenue $800K; trailing 12-month GAAP adjusted revenue ~$4M.
CEO estimates Vocal Inc intrinsic value $60M-$100M; plans to raise $5M via Reg CF participating preferred.
Special dividend of OG Collection shares expected Sep/Oct; record date to be set; shares initially restricted.
Headcount reduced 56%; legal/accounting costs cut 60%; Vocal approaching cash flow break-even.
CEO intends to lower warrant strike prices; exploring link to participation in Vocal Reg CF offering.

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