Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our Common Stock is listed on The Nasdaq Capital
Market under the symbol “CRTD”.
Holders
As of March 31,
2022, there were approximately 208 registered holders of record of our Common Stock, and approximately 6 holders of record of our Series
E Convertible Preferred Stock. Since certain shares of our Common Stock are held by brokers and other institutions on behalf of stockholders,
the foregoing number of holders of our Common Stock is not representative of the number of beneficial holders of our Common Stock.
Dividends
To date, we have not paid cash dividends on our
Common Stock and do not plan to pay such dividends in the foreseeable future. Our Board will determine our future dividend policy on
the basis of many factors, including results of operations, capital requirements, and general business conditions. Dividends, under the
Nevada Revised Statutes, may only be paid from our net profits or surplus. To date, we have not had a fiscal year with net profits and,
subject to a valuation by the Board of the present value of the Company’s assets, do not have surplus.
Unregistered Sales of Equity Securities
During the three months ended December 31, 2021,
we issued securities that were not registered under the Securities Act and were not previously disclosed in a Current Report on Form
8-K or Quarterly Report on Form 10-Q as listed below. All of the securities discussed in this Item 2 were issued in reliance
on the exemption under Section 4(a)(2) of the Securities Act.
Dune Acquisition
On October 3, 2021, the Company issued 163,334
shares of common stock pursuant to a Stock Purchase Agreement with Standard Holdings, Inc., Mark De Luca, and Stephanie Roy Dufault, whereby
the Company purchased a majority stake in Dune, Inc.
Employee Options Issuances
On October 27, 2021, the Company issued options
to purchase 900,000 shares of Common Stock granted to management and employees under the Jerrick Media Holdings, Inc. 2020 Omnibus Equity
Incentive Plan. These options have an exercise price of $5.00, vest upon issuance and expire 5 years from the date of issuance.
Board Issuances
During the three months ended December 31, 2021,
the Company issued 18,451 shares of common stock and options to purchase 35,174 shares of common stock to members of the board of directors
under the Jerrick Media Holdings, Inc. 2020 Omnibus Equity Incentive Plan. The options have an exercise price of $2.09, vest on the one-year
anniversary and expire 5 years from the date of vesting.
Consultant Shares & Banking Fees
During the three months ended December 31, 2021,
the Company issued 365,242 shares of Common Stock to consultants and bankers.
ITEM 6. [Reserved]
Not applicable.
27