Creatd Inc. Amends Bylaws, Modifies Shareholder Rights

Ticker: CRTDD · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1357671

Complexity: simple

Sentiment: neutral

Topics: corporate-governance, bylaw-amendment, shareholder-rights

TL;DR

**Creatd Inc. just changed its bylaws and shareholder rights, big deal for investors.**

AI Summary

Creatd, Inc. filed an 8-K on January 24, 2024, reporting a material modification to the rights of its security holders and amendments to its Articles of Incorporation or Bylaws, effective January 22, 2024. This filing indicates significant changes to the company's corporate structure or shareholder rights, which could impact the value or control associated with owning Creatd stock. Investors should be aware that such changes often precede or accompany strategic shifts, capital raises, or efforts to comply with exchange requirements, potentially affecting their investment's future prospects.

Why It Matters

This filing signals fundamental changes to how Creatd, Inc. operates and how its shareholders' rights are structured, which could directly influence stock value and investor control.

Risk Assessment

Risk Level: medium — Changes to shareholder rights and corporate bylaws can have significant, though not immediately quantifiable, impacts on investor value and control, warranting a medium risk assessment.

Analyst Insight

A smart investor would closely monitor Creatd, Inc.'s subsequent filings and announcements for specific details regarding the material modifications to shareholder rights and amendments to bylaws, as these changes could significantly impact future stock performance and ownership structure.

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 22, 2024.

What specific items were reported under Item Information in this 8-K?

The specific items reported were 'Material Modifications to Rights of Security Holders', 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year', 'Other Events', and 'Financial Statements and Exhibits'.

What is Creatd, Inc.'s state of incorporation?

Creatd, Inc. is incorporated in Nevada.

What is the Commission File Number for Creatd, Inc.?

The Commission File Number for Creatd, Inc. is 001-39500.

What was Creatd, Inc.'s former name before Jerrick Media Holdings, Inc.?

Before Jerrick Media Holdings, Inc., Creatd, Inc. was formerly known as Great Plains Holdings, Inc., with a name change date of 20131213, and even earlier as LILM, INC., with a name change date of 20060329.

Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2024-01-23 21:23:35

Key Financial Figures

Filing Documents

03. Material

Item 3.03. Material Modifications to Rights of Security Holders. The information set forth in Item 5.03 is incorporated by reference.

03 Amendments

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year On January 22, 2024, Creatd, Inc. (the "Company") filed an amendment (the "Amendment to Articles") to its Amended and Restated Articles of Incorporation which reduced the number of the issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock") by effecting a reverse stock split at the ratio of 1-for-500 (the "Reverse Stock Split"). The Financial Industry Regulatory Authority (FINRA) has announced that the Reverse Stock Split will be effected in the marketplace on January 24, 2024. The foregoing description of the Amendment to Articles does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment to Articles, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein. Item. 8.01 Other Items The information set forth in Item 5.03 is hereby incorporated by reference. On January 22, 2024, the Company issued a press release (the "Press Release") with respect to the Reverse Stock Split and the Symbol Change (as defined below). Effective January 24, 2024, as a result of the Reverse Stock Split, each 500 shares of the Company's common stock outstanding automatically converted into one share of common stock. No fractional shares will be issued in connection with the Reverse Split. Instead, any fractional share resulting from the Reverse Split will be rounded up to the next largest whole share. FINRA has also approved the Company's request to change its stock symbol from "VOCL" to "CRTD" (the "Symbol Change"). The Company's shares will continue to trade on the OTC Marketplace under the symbol "VOCL" with the letter "D" added to the end of the trading symbol for a period of 20 trading days to indicate that the Reverse Stock Split has occurred. After the 20-trading day period has elapsed, the extra D will be removed and the Symbol Change will become effective

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CREATD, INC. Date: January 23, 2024 By: /s/ Jeremy Frommer Name: Jeremy Frommer Title: Chief Executive Officer 2

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