Creatd Buys 10% of Livestreaming App C2 Live, Signs LOI for Full Acquisition
CRTD has more than doubled off its 52-week low of $1.56.
Summary
Creatd acquired a 10% equity stake in C2 Capital Group, operator of livestreaming platform C2 Live, and signed a non-binding LOI to acquire the remaining 90% in Q4 2026. The initial investment is expected to add about $3.6 million to shareholders' equity, lifting total net equity to roughly $8 million in Q3. C2 Live brings an audience of over 1.5 million and AI-enabled creator monetization features. This follows Creatd's regained SEC reporting status and first 10-Q since 2023, which showed a rebuilt balance sheet but also a going concern warning and $17.3M net loss. The deal supports Creatd's national exchange uplisting strategy and expands its creator-driven portfolio. Completion of the remaining 90% acquisition is targeted for Q4 2026, pending due diligence.
At the time of this announcement, CRTD was trading at $4.25 on OTC in the Technology sector, with a market capitalization of approximately $24.3M. The 52-week trading range was $1.56 to $14.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.