Creatd signs LOI to buy remaining stake in C2 Capital Group for stock and convertible preferred shares
CRTD•Creatd entered a binding letter of intent to acquire the remaining equity of C2 Capital Group, with consideration equal to about 12.9 million Creatd common shares on an as-converted basis.
1. Proposed acquisition terms
Creatd would pay with common stock and a new series of non-voting convertible preferred stock. Closing depends on a definitive agreement and customary conditions, and the transaction includes a reciprocal break-up fee in specified circumstances.
