CRTD - Global Tech Industries bids $100M in stock for Creatd

• Global Tech Industries Group ( OTCQB:GTII ) bids to acquire Creatd ( OTCQB:CRTD ) for $100M worth of GTII restricted shares of common stock.
• As part of the LOI, Creatd has committed to a 30- day halt to any discussions with other potential acquirers.
• As due diligence and negotiations continue, Creatd intends to complete the spinoff of its media subsidiary, OG Collection.
• Chairman and CEO of Creatd, Jeremy Frommer added, “There are two elements to this merger, fundamental and technical. The opportunity to advance the Creatd business model and scale revenues coupled with the unique technical position we find our two public companies in, is a momentous opportunity. At the time of closing of any proposed transaction, GTII share delivery to Creatd shareholders will only occur in instances of registered ownership with the transfer agent or DTC."

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