Creatd, Inc.

This was a Q&A-style call, so no quarter-specific revenue, EPS, or gross margin figures were reported. Management said the company has “nearly $10 million in positive net equity,” has raised “$7 million” recently at a conversion price of “$0.50,” and could end up with about “75 million shares outstanding” depending on the reverse split. For uplisting, Frommer said the stock would need to trade above $3 for 20 trading days / 30 calendar days, and that the company currently has over 400 shareholders and enough cash to support the listing process. Forward-looking, management said there is no plan to raise additional capital in the near term and that the goal is to apply to a national exchange without a traditional underwriting.

Jeremy Frommer framed the company as being in a long survival-and-transition phase, emphasizing “radical transparency” and the need to get to a national exchange. He repeatedly said the narrative has changed after the FLYHT acquisition and that the company is trying to create a more valuable public-market platform by combining aircraft-related operations with technology. His tone was combative and promotional around the listing strategy, but he also acknowledged the small-cap space is difficult and that investors have endured a rough period.

No separate CFO commentary was given. Financial commentary came from Frommer, who cited nearly $10 million in positive net equity, $7 million raised at $0.50, no need for additional near-term capital, and an expected zero-debt structure at uplist because the convertible amount would convert. He also said the company has enough cash to satisfy roughly 15 months of burn for listing purposes, and that the recent financing was done to rebuild the balance sheet rather than fund a new underwriting.

The first investor asked whether the company planned to raise more money to get to another exchange and whether it was at risk of being delisted; Frommer said there is no near-term capital raise planned, the company is far from being delisted, and it is preparing to apply to a national exchange. Another investor asked about the mechanics of moving from OTCQB to Nasdaq/New York and about a possible reverse split; Frommer explained the listing thresholds, said the company may need a reverse split only if the stock is still below $3 when the listing application window opens, and said he would prefer not to split if the stock appreciates organically. An investor also asked about valuation and the recent financing, and Frommer said he believes the company could validate around $150 million to $200 million market cap, while the recent $7 million raise was priced around $0.50.