Global Tech Industries Group, Inc. (OTCPK:GTII) executed a binding Letter of Intent to acquire Creatd, Inc. (OTCPK:CRTD) for $100 million on January 10, 2023. GTII will issue $100 million of restricted shares of common stock as consideration. Final acquisition terms will be subject to due diligence, regulatory approval, and approval of the boards and shareholders of both parties.

As due diligence and negotiations continue, Creatd intends to complete the spin-off of its media subsidiary, OG Collection Inc. As of January 30, 2023, Creatd has extended the no-shop period until March 7, 2023.