Global Tech Industries Group (GTII) announced that they have executed a binding Letter of Intent regarding the acquisition of Creatd (CRTD) by GTII for $100 million of GTII restricted shares of common stock. Final acquisition terms will be subject to due diligence, regulatory approval, and approval of the boards and shareholders of both parties. 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 Inc.
Published first on TheFly
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