This morning most investors are going to keep an eye on the stocks of companies that were in the news last Friday, and hence, CREATD Inc. (OTC: CRTD) could be one worth tracking. The company made a key new announcement at the time, and in this feature we will take a closer look into it.
Stock Swap Agreement
On January 24, CREATD announced that it had gone into a strategic stock swap agreement with the firm Enzolytics Inc. In the news release, the company noted that it was a major new milestone for both CREATD and Enzolytics since the partnership in question would complement the strengths of the two companies and also boost operational efficiency in addition to shareholder value. The deal was inclusive of the exchange of equity and would lead to the strengthening of the foundations of both companies while creating the basis for collaboration in the future.
Further Information
In the news release, the company also noted that there was significant excitement at the prospect of working closely with the seasoned Enzolytics team. Additionally, it was noted that the existing pipeline of Enzolytics was highly exciting, and there was enthusiasm within CREATD with regards to its long-term prospects.
