Brief: Global Tech Industries Group Inc Bids $100 Mln In Stock For Acquisition Of Creatd.

Global Tech Industries

10/01/2023 21:46

Jan 10 (Reuters) - Creatd Inc  CRTD.PK :
    * GLOBAL TECH INDUSTRIES GROUP, INC. BIDS $100 MILLION IN
STOCK
FOR ACQUISITION OF CREATD.
    * CREATD INC - HAVE EXECUTED BINDING LETTER OF INTENT
REGARDING
ACQUISITION OF CREATD BY GTII FOR $100 MILLION OF GTII
RESTRICTED SHARES OF COMMON STOCK
    * CREATD INC - AS PART OF LOI, CREATD HAS COMMITTED TO A 30-
DAY
HALT TO ANY DISCUSSIONS WITH OTHER POTENTIAL ACQUIRERS
    * CREATD INC - AS DUE DILIGENCE AND NEGOTIATIONS CONTINUE,
CREATD
INTENDS TO COMPLETE SPINOFF OF ITS MEDIA SUBSIDIARY, OG
COLLECTION INC

Source text for Eikon:  ID:nGNX5BTkmF 
Further company coverage:  CRTD.PK 
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