M&A
confidence high
sentiment positive
materiality 0.70
Creatd signs binding LOI to acquire TAMI Ventures in $23M all-preferred stock deal
Creatd, Inc.
- All-preferred share transaction valued at $23M; 2-year restricted preferred shares at price TBD.
- TAMI Ventures holds proprietary tech for social media, sports betting, fantasy, gaming platforms.
- Breakup fee of $500,000 agreed; definitive agreements and closing conditions pending.
- Post-acquisition, Creatd will launch a gaming social media platform leveraging its Vocal subsidiary.
- CEO cites increased net equity and improved uplist prospects to a national exchange.