Creatd announces letter of intent for 25% sale of og collection, inc. at $2.5 million purchase price; transaction anticipated to close ahead of planned otc spin-off

New york , dec. 6, 2022 /prnewswire/ -- creatd, inc. (otcqb: crtd) ("creatd" or the "company"), a creator-first technology company, today announced that it has entered into a letter of intent ("loi") with an outside party for the sale of 25% of the equity interests of its subsidiary og collection, inc. (the "og collection"), its acclaimed media archive capturing some of the most iconic publications and people of the 20th century. summary of proposed transaction consideration for purchase of shares: under the terms of the loi, dorado goose llc shall acquire a total of 500,000 shares of og collection, inc. for cash consideration of $2,500,000, implying a pre-money valuation of $7,500,000 and a post-money valuation of $10,000,000.
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