Creatd, Inc. has officially terminated its letter of intent (LOI) to acquire C2 Capital Group, Inc. This decision, announced on October 30, 2026, is significant for the company as it pivots its focus towards uplisting to a national securities exchange and enhancing its financial health.

The LOI, which was initially signed on September 30, 2026, proposed that Creatd would acquire all outstanding equity of C2 Live, a subsidiary of C2 Capital Group, in exchange for shares of its common stock and a new series of non-voting convertible preferred stock. However, on October 27, both parties mutually agreed to terminate the agreement without incurring any early termination penalties.

Creatd currently holds 968,361 shares of C2 Live common stock, which it acquired through a previous share exchange agreement. Despite the termination of the LOI, Creatd intends to maintain dialogue with C2 Live, although there is no guarantee that any future transaction will materialize.

Founded in Nevada, Creatd, Inc. operates in the air transportation sector under the SIC code 4522, which covers nonscheduled air transportation. The company is publicly traded on the OTC market under the ticker CRTD. Creatd's recent filings indicate a strategic shift towards strengthening its balance sheet and evaluating potential acquisitions of cash-flow-positive businesses.

In its press release, Creatd emphasized its ongoing commitment to pursue an uplisting to a national exchange and to explore strategic alternatives for its existing assets. The company stated, "The expiration of the letter of intent does not change Creatd's broader strategic priorities." This move may influence other players in the air transportation industry as they assess their own strategies in light of Creatd's evolving focus.

Looking ahead, Creatd's next steps remain to be seen. The company has not specified any upcoming filings or votes related to its strategic direction following the termination of the LOI. As it continues to evaluate its options, stakeholders will be keenly observing how this decision shapes Creatd's future endeavors.