SEC Comment Letter for Creatd, Inc. (CRTD, CRTDW) (CIK 0001357671) (CRTD) — May 18, 2020
Creatd, Inc. (CRTD, CRTDW) (CIK 0001357671)
Date: May 18, 2020 · CIK: 0001357671 · Accession: 0000000000-20-004373
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File numbers found in text: 000-51872
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United States securities and exchange commission logo
May 18, 2020
Jeremy Frommer
Chief Executive Officer
Jerrick Media Holdings, Inc.
2050 Center Avenue, Suite 640
Fort Lee, NJ 07024
Re:Jerrick Media Holdings, Inc.
Preliminary Proxy Statement on Schedule 14A
Filed May 8, 2020
File No. 000-51872
Dear Mr. Frommer:
We have reviewed your filing and have the following comments. In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A
Increase in Authorized Common Stock, page 11
1.Please revise your proxy statement to affirmatively disclose whether the increase in
authorized common shares is in any way related to any plans or intentions to enter into
a merger, consolidation, acquisition or if you have any plans, proposals or arrangements to
issue additional shares. In this regard, we note that you have only disclosed such
affirmative statement for your proposal to increase the number of authorized blank check
preferred shares. If such plans or intentions exist, please consider providing the disclosure
required by Note A to Schedule 14A, if applicable.
Proposal 2: Approval of the Second Amended and Restated Articles of Incorporation, page 11
2.It appears that Proposal 2 would, among other things and if adopted, simultaneously
change the authorized common stock, authorized “blank check” preferred stock, and an
exclusive forum provision in your Articles of Incorporation. Please provide us with your
FirstName LastName Jeremy Frommer
Comapany NameJerrick Media Holdings, Inc.
May 18, 2020 Page 2
FirstName LastName
Jeremy Frommer
Jerrick Media Holdings, Inc.
May 18, 2020
Page 2
analysis for how including these amendments in a single proposal complies
with Exchange Act Rule 14a-4(a)(3). For more guidance, please refer to Compliance and
Disclosure Interpretation (Regarding Unbundling under Rule 14a-4(a)(3) Generally).
Alternatively, please present each material matter as a separate item.
Forum Selection, page 13
3.We note your disclosure that "all Internal Corporate Claims shall be brought solely and
exclusively in the Eighth Judicial District Court of Clark County, Nevada,” and that the
“federal district courts of the United States of America shall be the exclusive forum for the
resolution of any complaint asserting a cause of action arising under the Securities Act of
1933, as amended." Given that the provision applies to Securities Act claims, please also
revise your filing to state that there is uncertainty as to whether a court would enforce
such provision, if applicable. Please also disclose the extent to which your state exclusive
forum provision applies to Exchange Act claims and ensure that the exclusive forum
provision in your amended charter clearly states as much, or tell us how you will inform
investors in future filings.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Jennifer Lopez, at 202-551-3792, or Mara Ransom, at 202-551-
3264, with any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services