Catheter Precision acquires 80% of Fly Flyte and Ponderosa Air for $11.6M; raises up to $39M in PIPE

Catheter Precision, Inc.

Acquisition of 80.02% of Fly Flyte, Inc. and 100% of Ponderosa Air from Creatd for $11.55M in cash and Series D preferred stock.
Private placement of Series C convertible preferred stock raises $1.85M at first close, potential additional raises up to $35.6M.
Proceeds used for restructuring legacy catheter business, potential sale of medical devices, and reducing cash burn.
Conversion prices start at $1.43, adjust to 80% of market with $0.35 floor, subject to stockholder approval.
Registration rights agreement filed to register resale of conversion shares within 30–60 days of closing.

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