Creatd, Inc. Appoints New Auditor, EisnerAmper LLP

Ticker: CRTDD · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1357671

Sentiment: neutral

Topics: auditor-change, financial-reporting

TL;DR

Creatd's auditor quit, they got a new one. Keep an eye on the books.

AI Summary

On April 10, 2024, Creatd, Inc. filed an 8-K to disclose a material event. The filing indicates a change in the company's independent registered public accounting firm. The company's former auditor, WithumSmith+Brown, PC, resigned, and the company has appointed EisnerAmper LLP as its new independent auditor.

Why It Matters

A change in auditors can signal potential issues with financial reporting or internal controls, or it could simply be a strategic decision by the company. Investors should monitor future financial statements closely.

Risk Assessment

Risk Level: medium — A change in auditor, especially if the previous auditor resigned, can sometimes indicate underlying financial or accounting concerns that warrant closer investor scrutiny.

Key Players & Entities

FAQ

Why did WithumSmith+Brown, PC resign as Creatd's auditor?

The filing states that WithumSmith+Brown, PC resigned as Creatd, Inc.'s independent registered public accounting firm effective April 10, 2024. While the filing does not explicitly state the reason for resignation, it notes that there were no disagreements or reportable events that would have caused WithumSmith+Brown, PC to recommend a change.

When was EisnerAmper LLP appointed as Creatd's new auditor?

EisnerAmper LLP was appointed as Creatd, Inc.'s new independent registered public accounting firm on April 10, 2024.

What is the significance of a change in independent auditors?

A change in auditors can be a routine business decision or it can signal potential concerns regarding financial reporting, internal controls, or disagreements between the company and its auditor. Investors often view such changes with caution.

Has Creatd, Inc. had any disagreements with its former auditor, WithumSmith+Brown, PC?

According to the filing, there were no disagreements or reportable events between Creatd, Inc. and WithumSmith+Brown, PC that would have caused WithumSmith+Brown, PC to recommend a change in the company's accounting principles or practices.

What is the address of Creatd, Inc.'s principal executive offices?

Creatd, Inc.'s principal executive offices are located at 169 Madison Avenue, Suite 2774, New York.

Filing Stats: 793 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-04-11 12:25:45

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 10, 2024, Creatd, Inc., a Nevada corporation (the "Company"), issued a press release in which it announced Revenue Guidance and Updates on Upcoming Milestones (the "Press Release"). A copy of the Press Release is furnished hereto as Exhibit 99.1, incorporated herein by reference. The information in Item 7.01 and Item 8.01 to this Current Report on Form 8-K, including Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing. A copy of the Press Release is furnished hereto as Exhibit 99.1, incorporated herein by reference. The Press Releasecan also be found online at: https://www.creatd.com/news/creatd-inc-announces-revenue-guidance-and-updates-upcoming-milestones The information in Item 7.01 and Item 8.01 to this Current Report on Form 8-K, including Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

01 Other Events

Item 8.01 Other Events The information set forth in Item 7.01 of this Current Report on Form 8-K is incorporated by reference into this Item 8.01.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes information that may constitute forward-looking statements. These forward-looking statements are based on the Company's current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. Forward looking statements include, without limitation, statements relating to projected industry growth rates, the Company's current growth rates and the Company's present and future cash flow position. A variety of factors could cause actual events and results, as well as the Company's expectations, to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 99.1 Press Release issued April 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: April 11, 2024 By: /s/ Jeremy Frommer Name: Jeremy Frommer Title: Chief Executive Officer

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