---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-082227"
form_type: "8-K"
ticker: "CRTD"
cik: "0001357671"
company_name: "Creatd, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:08:27.828531+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Creatd restructures $4.75M in debt, CFO resigns; CEO Frommer adds CFO role

## Summary
- Extended maturity of $2.485M debentures and $2.267M extension debentures to Feb 28, 2024; conversion price reduced to $0.025.
- CFO Eric Pickens resigned Oct 16, 2023; CEO Jeremy Frommer appointed CFO, retaining CEO and Chairman roles.
- Settled $405,208 liability with former executive for $75K cash and 5.75M shares; rescinded confession of judgment.
- Sold Brave and Basis brands; transferred ~$215K liabilities, received 7.5% membership interest and 7.5% of inventory cash receipts.
- Board rescinded 21.4M restricted share allocation, eliminating $2.07M payroll tax liability.

## SEC filing metadata
- accession: 0001213900-23-082227
- form_type: 8-K
- ticker: CRTD
- cik: 0001357671
- company_name: Creatd, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/ea187549-8k_creatdinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-082227
- JSON: https://secwatch.observer/filing/0001213900-23-082227.json
- Plain text: https://secwatch.observer/filing/0001213900-23-082227.txt

## Key facts
- Executive change
  Jeremy Frommer was appointed as Chief Financial Officer at Creatd, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board appointed Mr. Jeremy Frommer as the Chief Financial Officer of the Company, effective October 16, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm
- Executive change
  Eric Pickens resigned as Chief Financial Officer at Creatd, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: the Board determined it was in the best interest of the Company to accept Mr. Pickens' resignation and to continue his engagement with the Company as a finance and accounting consultant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm
- Material Agreements
  Creatd, Inc. entered into Settlement Agreement with a former executive (effective 2023-10-11).
  - Action: entry
  - Agreement: settlement
  - Counterparty: a former executive
  - Effective: 2023-10-11
  source text: On October 11, 2023, the Company entered into an agreement (the "Settlement Agreement") with a former executive (the "Executive") regarding a previously executed Executive Separation Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm
- Material Agreements
  Creatd, Inc. entered into Assignment and Assumption Agreement with the Buyer (effective 2023-10-06).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: the Buyer
  - Effective: 2023-10-06
  source text: On October 6, 2023, the Company entered into an agreement (the "Assignment and Assumption Agreement") with an entity (the "Buyer") to acquire the assets and assume the liabilities of the brands known as Brave and Basis, DBAs of the Company's wholly-owned subsidiary Creatd Ventures LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm
- Material Agreements
  Creatd, Inc. entered into Restructuring Agreement with the Holder (effective 2023-10-06).
  - Action: entry
  - Counterparty: the Holder
  - Effective: 2023-10-06
  source text: On October 6, 2023, the Company entered into an agreement with the holder (the "Holder") of certain of the Company's previously issued securities (the "Restructuring Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm
- Material Agreements
  Creatd, Inc. entered into Extension Agreements with the holders of certain of the Company's previously issued securities (effective 2023-10-10).
  - Action: entry
  - Counterparty: the holders of certain of the Company's previously issued securities
  - Effective: 2023-10-10
  source text: Between October 10, 2023 and October 13, 2023, the Company entered into agreements with the holders (the "Extension Note Holders") of certain of the Company's previously issued securities (the "Extension Agreements").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1357671/000121390023082227/0001213900-23-082227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.