Brief: Creatd Announces Memorandum Of Understanding To Purchase Majority Stake In Direct-To-Consumer Beverage Brand Dune Glow Remedy
02/08/2021 12:10
Aug 2 (Reuters) - Creatd Inc CRTD.O :
* CREATD ANNOUNCES MEMORANDUM OF UNDERSTANDING TO PURCHASE
MAJORITY STAKE IN DIRECT-TO-CONSUMER BEVERAGE BRAND, DUNE GLOW
REMEDY
* CREATD INC - , CREATD INTENDS TO ACQUIRE A 50.4% EQUITY
STAKE IN
DUNE IN EXCHANGE FOR A COMBINATION OF CASH AND STOCK
* CREATD INC - EXPECTS TO EXECUTE DEFINITIVE AGREEMENTS
EARLY IN
Q4 2021 AND TO CLOSE SHORTLY THEREAFTER
* CREATD INC - AFTER CLOSING, CREATD WILL BEGIN RECOGNIZING
DUNE'S
REVENUES IN ITS CONSOLIDATED FINANCIAL STATEMENTS
Source text for Eikon: ID:nPn3qDtVXa
Further company coverage: CRTD.O
((reuters.briefs@thomsonreuters.com;))
Recent news on Creatd
See all newsBrief: Creatd - Submits Nasdaq Capital Market Listing Application
Brief: Creatd Finalizes 2025 Audit, Submits Amended Draft Registration Statement On Form S-1 To SEC, Ahead Of Planned Uplisting And Ai Acquisitions
Brief: Creatd, Inc. Reduces Severance Liabilities And Settles Legal Dispute
Brief: Creatd Inc Says Board Approved Dismissal Of Rosenberg Rich Baker Berman
Brief: Creatd Provides Update On Special Dividend And Action In Its Investigation Into Potential Illegal Naked Short Selling