QualityStocksNewsBreaks – Creatd Inc. (NASDAQ: CRTD) Closes $7.77M Private Placement
Creatd (NASDAQ: CRTD, CRTDW), the parent company of Vocal, has closed its previously announced private placement of equity. According to the update, Creatd secured approximately $7.77 million in gross proceeds from the sale of 7,778 shares of its Series E Convertible Preferred Stock and accompanying warrants to existing shareholders and new institutional investors. The company intends to use the net proceeds to satisfy Nasdaq's stockholders' equity listing requirements as well as to further accelerate its business plan, social media and digital marketing initiatives; repay all of its remaining debt; fund accretive acquisitions; and fulfill other operational working capital needs. The…