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 that expands Fly Flyte's investor network by adding the NYSE-listed company as an investor while maintaining the aviation subsidiary's operational independence and strategic focus.
The acquisition aligns with Creatd's portfolio strategy of nurturing technology-enabled subsidiaries with scalable infrastructure and long-term value creation potential. Jeremy Frommer, CEO of Creatd, Inc., stated that the company is committed to building a portfolio of operating companies in the small-cap space, addressing what he described as white space created by the contraction of middle markets over the last two decades. Through integrating capabilities from banking, investing, advisory, branding, investor relations, financial analysis, and operational leverage, Creatd aims to build 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 transaction comes as Creatd continues advancing its portfolio strategy through multiple active acquisition discussions, indicating ongoing momentum in the company's growth initiatives.
The partnership between Creatd and VTAK represents a significant development in the regional aviation sector, where technology-driven operations are transforming traditional business models. Fly Flyte's focus on accessibility, convenience, and AI-enabled services positions the company at the forefront of innovation in an industry undergoing substantial transformation. For investors and industry observers, this transaction demonstrates how established companies are seeking exposure to emerging technologies through strategic investments in specialized subsidiaries.
This development follows Creatd's broader strategy of acquiring and growing technology-driven companies in aviation, media, and advisory services. Through its shared services model, Creatd enables its portfolio companies to scale efficiently, improve margins, and expand market reach. The company maintains an online presence where additional information is available at https://www.creatd.com. Further updates relating to Creatd are accessible through the company's newsroom at https://tinyurl.com/crtdnewsroom.
The aviation industry continues to evolve with technological advancements, and partnerships like this one between Creatd and VTAK highlight how traditional and emerging companies are collaborating to drive innovation. As regional aviation services become increasingly important for connecting communities and supporting economic development, investments in companies like Fly Flyte could have broader implications for transportation accessibility and efficiency. The transaction underscores the growing intersection between aviation technology and strategic investment, potentially signaling increased interest in specialized aviation services from institutional investors.
