Creatd (CRTD) Registration filing summary

Company overview and business model

• Operates a diversified portfolio in media and publishing, with revenue from direct-to-consumer sales, subscriptions, advertising, licensing, and strategic investments.

• Key subsidiaries include a digital publishing platform and an archival media business, both focused on monetizing intellectual property and creative assets.

• Recent strategic shift included divesting its aviation business to focus on core media and publishing operations.

• Pursues growth through scaling existing businesses and selective acquisitions of cash-flowing companies.

Financial performance and metrics

• For the three months ended March 31, 2026, revenue was $203,727, down from $291,884 in the prior year period, mainly due to reduced subscription revenue.

• Net loss attributable to common stockholders for Q1 2026 was $(14.4) million, compared to $(3.3) million in Q1 2025, driven by a significant increase in stock-based compensation.

• As of March 31, 2026, working capital improved to $2.6 million from a deficit of $6.8 million at year-end 2025, primarily due to proceeds from the sale of the aviation business.

• Accumulated deficit as of March 31, 2026 was $277 million, with substantial doubt about the ability to continue as a going concern.

Use of proceeds and capital allocation

• No proceeds will be received from the resale of shares by selling stockholders; proceeds from any cash warrant exercises will go to the company.

• Recent liquidity events include the sale of the aviation subsidiary and monetization of preferred stock received as part of that transaction.

• Capital deployment over the next year will focus on acquisitions, platform development, and marketing for core subsidiaries.