Creatd, Inc. [CRTD] - Convertible Preferred Issuance
Creatd, Inc. has entered into a convertible preferred issuance agreement, with details pending in the filing.
Why this matters
Creatd, Inc., a company operating in the air transportation sector with a focus on nonscheduled services, has initiated a convertible preferred issuance. This action involves the designation of 100,000 shares of its authorized preferred stock as Series B Convertible Preferred Stock, as detailed in a Certificate of Designation filed with the Secretary of State of Nevada. The issuance is connected to a Share Exchange Agreement, and the specifics of the rights, preferences, and limitations of the Series B Convertible Preferred Stock are outlined in the company's recent Form 8-K filing.