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NEW YORK - Creatd, Inc. (OTC: CRTD), a diversified holding company with a current market capitalization of $3.92 million, has announced its intention to acquire Air Charter Advisors, Inc., a private aviation firm based in Blue Bell, Pennsylvania. According to InvestingPro data, the company’s stock has shown significant volatility, with a notable YTD return of 15.15%, though it remains 79% below its year-ago levels. The acquisition, which is valued between $3 and $6 million, is set to enhance Creatd’s aviation subsidiary, Flyte, Inc., by broadening its customer base and service offerings in the private aviation sector.
The Letter of Intent (LOI) for the acquisition comes on the heels of Creatd’s recent $8.3 million purchase of Flyte (formerly Flewber Global, Inc.) and underscores the company’s strategy to consolidate aviation assets. InvestingPro analysis indicates a weak overall financial health score of 0.45, suggesting potential challenges in executing its expansion strategy. For deeper insights into Creatd’s financial position and growth prospects, investors can access additional ProTips and detailed metrics through InvestingPro’s comprehensive analysis platform. The transaction is expected to close within 60 days, following due diligence and the finalization of definitive agreements.
Flyte operates in the private air travel industry, offering both regional and international services through its Flyte Luxe and Hops products. With the integration of Air Charter Advisors, Flyte will maintain the acquired company as an independent entity while incorporating it into its shared services infrastructure. This infrastructure includes finance, compliance, IT, and AI-powered tools aimed at increasing operational efficiency and scalability.
Marc Sellouk, CEO of Flyte, expressed that the acquisition is aligned with Flyte’s mission to empower rather than compete with established operators. Adam Steiger, President of Air Charter Advisors, also welcomed the move, highlighting the benefits of accessing Flyte’s technology and marketing resources to enhance their service delivery and scale their operations.
Air Charter Advisors is recognized for its services in global jet charter, air ambulance flights, and cargo charter services, catering to corporate, government, and high-net-worth clients. The integration with Flyte is expected to relieve operational burdens and create a more efficient service model in the private aviation market.
The deal is part of Creatd’s larger strategy to unite aviation companies with shared values and complementary capabilities, using Flyte as the central brand. This strategy aims to establish a comprehensive aviation network with a centralized infrastructure that allows founder-led companies to flourish in a competitive environment while minimizing operational inefficiencies.
Creatd, Inc. is an investment firm that focuses on acquiring and nurturing founder-led companies in various sectors, including aviation, media, and advisory services. Through its shared services model, Creatd seeks to enable its portfolio companies to scale effectively, improve profit margins, and extend their market presence. The company’s stock currently trades at $0.38, significantly below its 52-week high of $3.48, reflecting the challenging market conditions and operational environment. Discover more detailed financial analysis and growth potential indicators with InvestingPro, which offers exclusive insights and advanced metrics for informed investment decisions.
This article is based on a press release statement from Creatd, Inc. The information provided includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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