UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Creatd, Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
225265107
(CUSIP Number)
Terren S. Peizer Acuitas Group Holdings, LLC Acuitas Capital LLC 2001 Wilshire Boulevard, Suite 330 Santa Monica, California 90403 310-444-4321 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 7, 2022**
(Date of Event Which Requires Filing of this Statement)
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed. | |
| o | Rule 13d-1(b) |
| x | Rule 13d-1(c) |
| o | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
| ** | Please note this constitutes a late filing due to a clerical oversight. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13G
| CUSIP No. 225265107 |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Acuitas Capital LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ¨ (b) ¨ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 |
| 6 | SHARED VOTING POWER
3,000,000 | |
| 7 | SOLE DISPOSITIVE POWER
0 | |
| 8 | SHARED DISPOSITIVE POWER
3,000,000 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000 | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.69%(1) | |
| 12 | TYPE OF REPORTING PERSON (See Instructions)
OO | |
| (1) | Based on 39,024,070 shares of common stock, $0.001 par value per share (the “Shares”), of Creatd, Inc., a Nevada corporation (the “Issuer” or the “Company”), issued and outstanding as of January 17, 2023, as reported in Amendment No. 3 to the Company’s Registration Statement on Form S-1 filed with the SEC on January 20, 2023 (the “Form S-1/A”). |
SCHEDULE 13G
| CUSIP No. 225265107 |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Acuitas Group Holdings, LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ¨ (b) ¨ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
California |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 |
| 6 | SHARED VOTING POWER
3,000,000(1) | |
| 7 | SOLE DISPOSITIVE POWER
0 | |
| 8 | SHARED DISPOSITIVE POWER
3,000,000(1) |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000(1) | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.69%(2) | |
| 12 | TYPE OF REPORTING PERSON (See Instructions)
OO | |
| (1) | Represents 3,000,000 Shares held directly by Acuitas Capital LLC, a Delaware limited liability company (“Acuitas Capital”), an entity wholly owned by Acuitas Group Holdings, LLC, a California limited liability company (“Acuitas”). |
| (2) | Based on 39,024,070 Shares of the Company issued and outstanding as of January 17, 2023, as reported in the Form S-1/A. |
SCHEDULE 13G
| CUSIP No. 225265107 |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Terren S. Peizer |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ¨ (b) ¨ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
3,000,000(1) |
| 6 | SHARED VOTING POWER
0 | |
| 7 | SOLE DISPOSITIVE POWER
3,000,000(1) | |
| 8 | SHARED DISPOSITIVE POWER
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000(1) | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.69(2) | |
| 12 | TYPE OF REPORTING PERSON (See Instructions)
HC; IN | |
| (1) | Represents 3,000,000 Shares held directly by Acuitas Capital, an entity wholly owned by Acuitas. Acuitas is a private investment vehicle beneficially owned and controlled by Terren S. Peizer. Mr. Peizer is the sole member and Chairman and managing member of Acuitas and, in such capacity, exercises the sole voting and investment power over the Shares of the Company held for the accounts of Acuitas and Acuitas Capital. |
| (2) | Based on 39,024,070 Shares of the Company issued and outstanding as of January 17, 2023, as reported in the Form S-1/A. |
SCHEDULE 13G
| CUSIP No. 225265107 |
Item 1.
| (a) | Name of Issuer |
Creatd, Inc.
| (b) | Address of Issuer’s principal executive offices |
419 Lafayette Street, 6th Floor
New York, New York 10003
Item 2.
| (a) | Name of persons filing |
This Schedule 13G is being jointly filed by Acuitas Capital LLC, a Delaware limited liability company (“Acuitas Capital”), Acuitas Group Holdings, LLC, a California limited liability company (“Acuitas”), and Terren S. Peizer (“Mr. Peizer” and, together with Acuitas Capital and Acuitas, collectively, the “Reporting Persons”).
Acuitas Capital is an entity wholly owned by Acuitas. Acuitas is a private investment vehicle beneficially owned and controlled by Mr. Peizer. Mr. Peizer is the sole member and Chairman and managing member of Acuitas and, in such capacity, exercises the sole voting and investment power over the Shares of the Company held for the accounts of Acuitas and Acuitas Capital.
| (b) | Address or principal business office or, if none, residence |
2001 Wilshire Boulevard, Suite 330
Santa Monica, California 90403
| (c) | Citizenship |
Acuitas Capital is a Delaware limited liability company. Acuitas is a California limited liability company. Mr. Peizer is a citizen of the United States of America.
| (d) | Title of class of securities |
Common Stock, $0.001 par value per share (the “Shares”)
| (e) | CUSIP No. |
225265107
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | ¨ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
SCHEDULE 13G
| CUSIP No. 225265107 |
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | ¨ | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); |
| (k) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
| Item 4. | Ownership. |
All percentages of Shares outstanding contained herein are based on 39,024,070 Shares of the Company issued and outstanding as of January 17, 2023, as disclosed in Amendment No. 3 to the Company’s Registration Statement on Form S-1 filed with the SEC on January 20, 2023.
| (a) | Acuitas Capital |
As of the date hereof, Acuitas Capital may be deemed to have beneficial ownership of 3,000,000 Shares. The Shares beneficially owned by Acuitas Capital as of the date hereof represent approximately 7.69% of the total outstanding Shares. Acuitas Capital may be deemed to share the power to vote or direct the vote and dispose or direct the disposition of all of the 3,000,000 Shares with Acuitas and Mr. Peizer.
| (b) | Acuitas |
As of the date hereof, Acuitas may be deemed to have beneficial ownership of 3,000,000 Shares, representing 3,000,000 Shares held directly by Acuitas Capital, an entity wholly owned by Acuitas. The Shares beneficially owned by Acuitas as of the date hereof represent approximately 7.69% of the total outstanding Shares. Acuitas may be deemed to share the power to vote or direct the vote and dispose or direct the disposition of all of the 3,000,000 Shares with Mr. Peizer.
| (c) | Mr. Peizer |
As of the date hereof, Mr. Peizer may be deemed to have beneficial ownership of 3,000,000 Shares, representing 3,000,000 Shares held directly by Acuitas Capital. The Shares beneficially owned by Mr. Peizer as of the date hereof represent approximately 7.69% of the total outstanding Shares. Mr. Peizer may be deemed to have the sole power to vote or direct the vote and dispose or direct the disposition of all of the 3,000,000 Shares.
| Item 5. | Ownership of 5 Percent or Less of a Class. |
Not applicable.
| Item 6. | Ownership of More than 5 Percent on Behalf of Another Person. |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
| Item 9. | Notice of Dissolution of Group. |
Not applicable.
| Item 10. | Certification. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURES
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: February 15, 2023
| ACUITAS CAPITAL LLC | ||
| By: | /s/ Terren S. Peizer | |
| Terren S. Peizer, Chairman | ||
| ACUITAS GROUP HOLDINGS, LLC | ||
| By: | /s/ Terren S. Peizer | |
| Terren S. Peizer, Chairman | ||
| /s/ Terren S. Peizer | ||
| Terren S. Peizer | ||
EXHIBIT LIST
Ex.
1 Joint Filing Agreement
Exhibit 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the shares of common stock, $0.001 par value per share, of Creatd, Inc., a Nevada corporation, dated as of February 15, 2023, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Dated: February 15, 2023
| ACUITAS CAPITAL LLC | ||
| By: | /s/ Terren S. Peizer | |
| Terren S. Peizer, Chairman | ||
| ACUITAS GROUP HOLDINGS, LLC | ||
| By: | /s/ Terren S. Peizer | |
| Terren S. Peizer, Chairman | ||
| /s/ Terren S. Peizer | ||
| Terren S. Peizer | ||