Creatd slumps on stock offering plans
17/06/2021 11:45
** Creatd Inc CRTD.O down ~19% premarket as tech firm
looks to raise equity
** CRTD among biggest pct losers before the bell
** Co after the bell Weds announced proposed stock offering
for general corp purposes; deal size not disclosed urn:newsml:reuters.com:*:nPn3v5hmma
** Benchmark Capital sole bookrunner
** CRTD on Weds rose 4% to $4.13 after co said plans to buy
majority stake in talent management and PR agency WHE
urn:newsml:reuters.com:*:nL3N2NY3PC
** Shares have lost 60% over the past year and have ~$45 mln
market cap, per Refinitiv data
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
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