Creatd, Inc. announced that Catheter Precision, Inc. has acquired a 20% equity interest in its subsidiary Fly Flyte, Inc. through a secondary purchase from an existing shareholder. The transaction represents a strategic partnership between the OTCQB-listed Creatd and the NYSE American-listed VTAK, expanding Fly Flyte's investor network while maintaining the aviation company's operational independence.
Jeremy Frommer, CEO of Creatd, Inc., explained the company's broader strategy: "Creatd is committed to building a portfolio of operating companies in the small-cap space. We see an opportunity to address the white space created by the contraction of middle markets over the last two decades." The company integrates capabilities from banking, investing, advisory, branding, investor relations, financial analysis, and operational leverage to build what Frommer describes as "a foundation of interlinked services to support growth-driven companies and provide pathways for them to scale or transition to listed entities."
Fly Flyte is currently operational, providing AI-enabled regional aviation services designed to increase accessibility and convenience. The company leverages certified aircraft, established routes, and scalable infrastructure to deliver real-time revenue while positioning for long-term expansion. This technology-driven approach to regional aviation represents what Creatd describes as "transforming regional aviation through accessibility, convenience, and technology-driven operations."
The transaction aligns with Creatd's strategy of nurturing technology-enabled subsidiaries with scalable infrastructure and long-term value creation potential. According to the announcement, Creatd continues advancing its portfolio strategy through multiple active acquisition discussions, suggesting further expansion of its operating company portfolio. The company's shared services model enables portfolio companies to scale efficiently, improve margins, and expand market reach.
For investors seeking additional information, the company maintains a newsroom at https://tinyurl.com/crtdnewsroom where updates relating to CRTD are available. The original announcement appeared on Prism Media Wire, which can be accessed through https://newsramp.com/newswire/prism. The partnership between VTAK and Creatd's Fly Flyte subsidiary represents a significant development in the intersection of aviation technology and strategic investment, potentially creating new models for regional air service accessibility while demonstrating Creatd's approach to building value through its portfolio companies.
