The creator’s first tech firm Creatd Inc (OTCMKTS:CRTD) is one of the companies that investors could take an interest in today in light of the latest development. The company was in the news on Thursday after it announced that it had started the application process for the listing of the shares of its subsidiary company OG Collection Inc on Upstream.
Creatd Announces Application for Initial Listing of OG Collection, Inc. on Upstream Ahead of Special Dividend
It is going to be a registered spin-off and as part of the transaction, all Creatd shareholders are going to be issued a special dividend. The record date for the special dividend would be announced by the company soon. It is going to be interesting to see if the announcement of a special dividend results in a flurry of interest in the Creatd stock or not.
Upstream has emerged as a revolutionary trading app in digital securities in recent times and is powered by MERJ Exchange Limited and Horizon Fintex. That being said, it is also necessary for investors to keep in mind that this spin-off is also going to be subjected to a range of conditions starting from the compliance of OG Collection with the laws in Delaware and then through to registration laws pertaining to the Securities and Exchange Commission.