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Creatd, Inc. ($VOCL), today announced it will reverse split its stock. This strategic decision is aimed at enhancing the Company's market position and increasing the per-share trading price to make the stock more attractive to a broader range of institutional and other investors. Further details on the reverse stock split will be disclosed in FINRA's corporate actions list on January 23, 2024, and the split will be effective at the opening of the market on January 24, 2024.
Jeremy Frommer, CEO of Creatd, commented on this significant move, stating, "Today, Creatd stands stronger, with a more stable capital structure and a solid foundation for growth. We are poised to make a mark not just on the OTCQB but with aspirations to uplist to a national exchange. Our journey is a narrative of defying odds, embracing challenges, and turning adversity into opportunity."
In conjunction with the reverse stock split, Creatd, Inc. is also announcing a change in its ticker symbol from $VOCL back to $CRTD. For an interim period of 20 business days, beginning on January 24, 2024 and ending on February 22, 2024, the stock symbol will be $VOCLD. After this period, the stock will begin trading under $CRTD. The new ticker symbol better reflects the Company's mission of being a portfolio holding company with 1.5 billion authorized shares.
Creatd, Inc. remains committed to leveraging its portfolio of assets to drive sustainable, long-term growth and increase shareholder value. The Company anticipates that these changes will positively impact its visibility in the market and its overall financial strength.
