Cash Position
The company has -10.2 months of cash left based on the quarterly cash burn of $1.58 M and estimated current cash of $-5.42 M
Commentary on Financial Condition
Creatd, Inc. is facing significant financial challenges, with a working capital deficit of $21.3 million as of September 30, 2023, and a net loss of $23.3 million for the nine months ending on that date. The company has been actively seeking to improve its financial condition through cost reductions and strategic recapitalization plans, aiming to achieve cash flow breakeven within a year. Despite these efforts, the company's liquidity remains strained, and it continues to rely on financing activities, including the issuance of convertible notes and promissory notes, to support its operations., Filed At: 2023-11-14
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Previous Splits
Date
Split
8/17/2020
3 to 1
Pending Offering
Title | Details | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
INITIAL REGISTRATION FOR OFFERING | Shares amount: 20,000,000 | Warrants amount: 20,000,000 | Warrants exercise price: $1.00 | WITHDRAWN | - | 20.00 M | - | 20.00 M | D.F. King & Co., Inc. | Aug 25, 2022 | S-1 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
November 2023 - November 2023 Warrants | 2,400,000 | $0.02 | - | 2,400,000 | Jeremy Frommer, Justin Maury, Chelsea Pullano, Peter Majar, Erica Wagner, Robert Tal | - | - | Nov 20, 2023 | |||||
July 2023 - July 2023 Warrants | 9,240,000 | $0.03 | - | 9,240,000 | - | - | - | Jul 13, 2023 | |||||
March 2023 - March 2023 Warrants | 1,687,496 | $0.20 | - | 1,687,496 | - | - | - | Mar 7, 2023 | |||||
February 2023 - February 2023 Warrants | 1,624,415 | $0.20 | - | 1,624,415 | - | - | - | Feb 13, 2023 | |||||
December 2022 - December 2022 Warrants | 4,000,000 | $0.20 | - | 4,000,000 | - | - | - | Dec 27, 2022 | |||||
November 2022 - November 2022 Warrants | 471,953 | $1.00 | - | 471,953 | - | - | - | Nov 18, 2022 | |||||
September 2022 Warrants | 4,000,000 | $0.20 | - | 4,000,000 | - | - | - | Sep 19, 2022 | |||||
August 2022 - August 2022 Warrants | 20,000,000 | $1.00 | - | 20,000,000 | - | - | - | Aug 25, 2022 | |||||
July 2022 - July 2022 Warrants | 20,000,000 | $6.00 | - | 20,000,000 | - | - | - | Jul 13, 2022 | |||||
July 2022 - July 2022 Warrants | 20,000,000 | $3.00 | - | 20,000,000 | - | - | - | Jul 13, 2022 | |||||
March 2022 - March 2022 Warrants | 1,519,857 | $1.75 | - | 1,519,857 | - | - | - | Mar 9, 2022 | |||||
October 2021 - October 2021 Warrants | 42,500 | $5.40 | - | 42,500 | - | - | - | Oct 27, 2021 | |||||
June 2021 - June 2021 Warrants | 37,500 | - | - | 37,500 | - | - | - | Jun 21, 2021 | |||||
June 2021 - June 2021 Warrants | 1,090,908 | $3.81 | - | 1,090,908 | Lind Global Macro Fund, LP, Brio Capital Master Fund, Ltd., L1 Capital Global Opportunities Master Fund | - | - | Jun 7, 2021 |
Equity Line
Details | Offering Amt | Shr Amt | Share Price | Warrants | Ex Price | Cv Price | Date | Type | ATM Remaining | |
|---|---|---|---|---|---|---|---|---|---|---|
Coventry - SPA - The prices at which the Selling Shareholder may sell the shares of Common Shares in this Offering will be determined by the prevailing market prices for the shares of Common Shares or in negotiated transactions. - Coventry Enterprises, LLC is the selling shareholder and is deemed to be an 'underwriter' within the meaning of the Securities Act of 1933, as amended, and any broker-dealers or agents that are involved in selling the shares may be deemed to be 'underwriters' within the meaning of the Act in connection with such sales. | $10.00 M | 27.00 M | - | - | - | - | Aug 11, 2023 | S-1 | $10,000,000.00 | |
Coventry - SPA - The prices at which the Selling Shareholder may sell the shares of Common Shares in this Offering will be determined by the prevailing market prices for the shares of Common Shares or in negotiated transactions. - Coventry Enterprises, LLC may offer up to 9,000,000 shares of the Company’s common stock, which may include up to 8,200,000 shares to be issued to Coventry pursuant to put notices pursuant to the Investment Agreement and up to 800,000 shares issued to Coventry as a commitment fee in connection with the Investment Agreement. | $10.00 M | 9.00 M | - | - | - | - | Nov 23, 2022 | S-1 | $10,000,000.00 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
PRIVATE PLACEMENT, DEBT OFFERING | $1.25 M | - | - | - | - | Dorado Goose LLC | Feb 10, 2023 | 8-K | |
PRIVATE PLACEMENT, DEBT OFFERING | $1.50 M | 1.56 M | - | - | - | Dorado Goose LLC | Jan 20, 2023 | 8-K | |
REGISTERED OFFERING | $800.00 k | 4.00 M | $0.20 | 4.00 M | - | - | Sep 19, 2022 | 424B5 | |
PRIVATE PLACEMENT, DEBT OFFERING | $1.94 M | - | - | 2.15 M | - | five accredited investors | Jul 29, 2022 | 8-K | |
PRIVATE PLACEMENT, DEBT OFFERING | $3.60 M | - | - | 4.00 M | - | eight accredited investors | Jun 3, 2022 | 8-K | |
REGISTERED OFFERING | $2.66 M | 1.52 M | $1.75 | 1.52 M | - | - | Mar 9, 2022 | 424B5 | |
PRIVATE PLACEMENT | $2.45 M | 1.40 M | - | 1.40 M | - | - | Mar 3, 2022 | 8-K | |
REGISTERED OFFERING | $3.83 M | 850.00 k | $4.50 | - | - | - | Oct 27, 2021 | 424B5 | |
REGISTERED OFFERING | $2.55 M | 750.00 k | $3.40 | - | - | - | Jun 21, 2021 | 424B5 | |
UPDATE TO PREVIOUS PRIVATE PLACEMENT | $7.78 M | 1.89 M | - | 2.83 M | - | thirty-three accredited investors | Feb 2, 2021 | 8-K | |
PRIVATE PLACEMENT | $7.78 M | 1.89 M | - | 2.83 M | - | - | Jan 5, 2021 | 8-K | |
OVER-ALLOTMENT OPTION EXERCISE | $2.59 k | - | - | 258.75 k | - | - | Oct 8, 2020 | 8-K | |
OFFERING | $7.76 M | 1.73 M | $4.50 | 1.73 M | THE BENCHMARK COMPANY | - | Sep 14, 2020 | 424B4 | |
PRIVATE PLACEMENT, DEBT OFFERING | $550.00 k | 5.42 k | - | 49.60 k | - | Buyer | Jun 24, 2020 | 8-K | |
DEBT OFFERING | $412.50 k | - | - | - | - | - | May 12, 2020 | 8-K | |
PRIVATE PLACEMENT, DEBT OFFERING | $1.50 M | - | - | 41.66 k | - | Investor | Mar 3, 2020 | 8-K | |
DEBT OFFERING | $4.83 M | - | - | - | - | Investor, Additional Investor | Oct 17, 2019 | 8-K |