Creatd Closes First Tranche of OG Collection Sale and Retains Sichenzia Ross Ference LLP for Planned Subsidiary Spin-off to its Shareholders

NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), today announced that it has closed the sale of 7.5% 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. As previously discussed, the Company intends to sell up to 25% of the subsidiary ahead of its expected listing on the OTC in the first quarter of 2023. The Company has also disclosed the results of its recent appraisal, which affirmed a valuation of the OG Collection subsidiary, including all intellectual property, trademarks, licensing, and physical assets, at between $15-20MM.