Creatd, Inc. (OTCPK:CRTD) has entered into a binding Letter of Intent to acquire TAMI Ventures Inc. for $23 million on March 8, 2024. Under the proposed transaction, Creatd will issue 2 year restricted preferred shares to TAMI Ventures shareholders at an aggregate valuation of $23 million. Creatd will add TAMI Ventures as a wholly owned subsidiary.

To further demonstrate their commitment and the seriousness of this transaction, a breakup fee of $500,000 has been agreed upon. This fee will be payable by either party should they decide to withdraw from the agreement under certain conditions.