Here is why Creatd Inc. (CRTD) stock soared in the after-hours on Wednesday?

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Creatd Inc. (CRTD) shares soared 7.82% in after-hours on Wednesday, October 27, 2021, and closed the daily trading at $4.55. Even in the regular trading session, CRTD’s stock gained 3.43%. CRTD shares have risen 46.53% over the last 12 months, and they have moved up 54.01% in the past week. Over the past three months, the stock has gained 25.22%, while over the past six months, it has jumped 18.87%.

Let’s discuss its recent news and developments.


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CRTD completed registered direct offering

On October 27, 2021, Creatd, Inc (CRTD) closed its previously announced registered direct offering with certain institutional investors for the purchase and sale of its common stock at $4.50 per share. the company will get gross proceeds of approximately $3,825,000.

The offer was announced on October 25, 2021, when the company entered into a definitive agreement with investors for the purchase and sale of its common stock.

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CRTD 2nd NFT art drop

On October 25, 2021, Creatd, Inc. (CRTD) announced its second non-fungible token (NFT) art drop. The 2nd NFT is a series of three photographs of former President Donald Trump which were first unearthed by Creatd founder and co-CEO Jeremy Frommer within the collection, acquired from creditors of Bob Guccione.

CRTD signed TikToker Alexis LaRue

On October 22, 2021, Creatd, Inc. (CRTD) signed creator Alexis LaRue. The 22-year-old quickly gained popularity after she began sharing content portraying life as a new mother to twin daughters Elena and Camila who, at seven months old, weigh 21 pounds each.

In a short time, LaRue has garnered outsized attention as new audiences continue to flock to see more of the adorable family. Her posts have received tens of millions of views to date, have already amassed nearly 800,000 followers across their platforms, and had their unique story featured by many outlets and magazines.

On October 21, 2021, Creatd, Inc. (CRTD) debuted a new look and updated packaging for Camp (formerly Plant Camp).  Camp has also announced the addition of two new products to its line of easy-to-make and good-for-you dishes; Vegan Cheezy Mac and Twist Veggie Pasta are Camp’s latest iterations on comfort foods for the health-conscious family.

CRTD new features for vocal safety

On October 15, 2021, Creatd, Inc. (CRTD) announced the addition of a new Report button, designed to further promote Vocal’s user safety via community moderation. The Company has announced the addition of a word counter to Vocal’s editor, a feature which came about through direct feedback from some of the most active creators on the Vocal platform.

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Conclusion

The completion of the registered direct offering was the reason behind its gains in the after-hours on Wednesday. we can see it to further climb in the coming trading sessions as well.

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