Creatd (CRTD) Registration filing summary

Company overview and business model

• Operates a diversified portfolio in media, publishing, and strategic investments, with revenue from direct-to-consumer sales, subscriptions, advertising, and licensing.

• Key subsidiaries include Vocal, Inc. (creator-focused digital publishing) and OG Collection, Inc. (archival media monetization).

• Recent divestiture of aviation business (Fly Flyte, Inc.) to focus on core media and publishing operations.

• Pursues a sector-agnostic acquisition strategy targeting cash-flowing small and mid-market companies.

Financial performance and metrics

• For Q1 2026, revenue was $203,727, down from $291,884 in Q1 2025, mainly due to lower subscription revenue.

• Net loss attributable to common stockholders for Q1 2026 was $(14.4) million, compared to $(3.3) million in Q1 2025, driven by a significant increase in stock-based compensation.

• Working capital improved to $2.6 million at March 31, 2026, from a deficit of $6.8 million at December 31, 2025, due to proceeds from the Fly Flyte, Inc. sale.

• Accumulated deficit as of March 31, 2026, was $277 million.

• Auditor's report raises substantial doubt about ability to continue as a going concern.

Use of proceeds and capital allocation

• No proceeds from the resale of shares by selling stockholders; company will only receive cash if warrants are exercised for cash.

• Proceeds from recent asset sales are allocated to operating expenses, marketing, and working capital.

• Capital deployment over the next year will focus on acquisitions, platform development, and product expansion.