CREATD (OTC: CRTD) Agrees to Flewber Acquisition in $8.3 Million Deal
This morning most investors are going to be focused on those companies that made key announcements yesterday, and one of the companies that could be among them is CREATD Inc. (OTC: CRTD). The company hit the news wires after it announced the completion of a key new acquisition in the form of Flewber Global Inc.
Key Details
The company announced that it completed the acquisition for $8.3 million and would now be involved in transforming it into an advanced new-generation air mobility platform named Flyte Inc. In the news release, the company announced that it would provide the guidance and oversight that would help Flyte in making its operations more efficient, boosting AI-powered technology, and getting into a position for long-term profitability. It was also noted that the regional air mobility market was worth as much as $28.5 billion.
Further Information
It was also stated that the AI-powered booking system from Flyte would help with flight analytics in real time and help in optimizing routes more effectively that would raise efficiency and customer experiences. In light of the latest acquisition, it may be a good time for investors to consider adding the CREATD stock to their watch lists.
CEO Quote
“Regional air mobility is entering a new era, and Flyte is positioned at the forefront of that transformation,” said Jeremy Frommer, CEO of Creatd. “By integrating our expertise in AI, data, and operational efficiency, we are driving Flyte toward cash-flow positivity and long-term market leadership.”
Technicals
| +/- EMA(20) | 0.95 (+4.21%) |
| +/- SMA(50) | 0.72 (+37.50%) |
| +/- SMA(200) | 0.92 (+7.61%) |
| 5-Day Perf. | +4.21% |
| 1-Month Perf. | -7.48% |
| 3-Month Perf. | +23.6% |
| 6-Month Perf. | +52.31% |
| YTD Perf. | +200% |
| 1-Year Perf. | -80.63% |
| RSI(14) | 54.81 |
| ATR(14) | 0.14 |
| ADX(14) | 21.84 |
| Beta (5Y) | 0.67 |
