Creatd exchanges $3.9M convertible notes and 1.5M warrants for Series F Preferred stock

Creatd, Inc.

$3.9 million of convertible notes and 1.5 million warrants exchanged for 7,713 shares of Series F Preferred.
Series F Preferred has $1,000 stated value, convertible into common at $5.00 per share.
Exchange ratios: 200 common shares or 400 warrants for 1 Series F share; notes dollar-for-dollar.
Series F Preferred votes on as-converted basis and ranks pari passu with common on dividends and liquidation.
Company cannot amend Series F rights or increase authorized shares without majority holder vote.

item 1.01 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Creatd, Inc.: Filed Certificate of Designation for Series F Preferred Stock (effective 2024-02-15).

Change: charter amendment
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, the Company submitted for filing with the Secretary of State of the State of Nevada the Certificate of Designation (the “Series F Designation”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Creatd, Inc. entered into Exchange Agreement with holders of certain of the Company’s previously issued securities valued at $3.9 million of amounts owed under convertible notes and 1.5 million warrants (effective 2024-02-12).

Action: entry
Agreement: equity purchase
Counterparty: holders of certain of the Company’s previously issued securities
Value: $3.9 million of amounts owed under convertible notes and 1.5 million warrants
Effective: 2024-02-12

Exact text from the filing

Beginning on February 12, 2024, Creatd, Inc., a Nevada corporation (the “Company”) entered into an exchange agreement (the “Exchange Agreement”) with holders of certain of the Company’s previously issued securities (the “Investors”), pursuant to which the Investors agreed to exchange such previously issued securities for shares of the Company’s newly created class of Series F Preferred Stock

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42 governance changes filed in the last 30 days. Browse all governance changes →

Creatd, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-014748

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