Creatd: Rises on plan to buy majority stake in talent management firm WHE
16/06/2021 18:39
** Tech company Creatd Inc's shares CRTD.O up 1.9% at $4
** Co enters into a memorandum of understanding to acquire
55% ownership stake in WHE Agency, a talent management and PR
agency urn:newsml:reuters.com:*:nPnF8CNla
** Deal, $275,000 in cash and $660,000 in stock, expected to
be immediately accretive to Creatd's earnings after close
** Co expects WHE to contribute over $1 mln in
agency-related net revenue
** CRTD expects to execute definitive agreements in early Q3
** Stock down ~3% YTD
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@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