Welcome to our dedicated page for Creative Realities SEC filings (Ticker: CREX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Creative Realities, Inc. (NASDAQ: CREX) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. These documents offer detailed information about Creative Realities’ digital signage, media, and AdTech operations, its capital structure, and its governance framework.
Investors can review annual reports on Form 10-K and quarterly reports on Form 10-Q for discussions of revenue composition between hardware and services, managed services and SaaS trends, risk factors, and management’s analysis of financial condition and results of operations. Current reports on Form 8-K document material events such as the amended and restated Credit Agreement with First Merchants Bank, the $36 million term loan and $22.5 million revolving credit facility, the $30 million private placement of Series A Convertible Preferred Stock with affiliates of North Run Capital LP, and the completion of the Cineplex Digital Media (CDM) acquisition.
Proxy statements (DEF 14A) provide insight into board composition, director elections, executive and director compensation, and shareholder proposals, including the Series A Conversion Proposal and Nasdaq “change of control” approvals linked to the North Run financing. These filings also describe voting arrangements and ownership levels of significant shareholders.
For those monitoring capital structure and financing terms, the filings include descriptions of the Series A Convertible Preferred Stock, its dividend and conversion features, beneficial ownership limitations, and related voting rights. Credit agreements and amendments outline financial covenants, borrowing base calculations, and security arrangements.
Stock Titan enhances these filings with AI-powered summaries that highlight key terms, financial metrics, and structural changes, helping readers quickly understand long, technical documents. Real-time updates from EDGAR ensure that new 10-K, 10-Q, 8-K, and proxy filings for CREX are available promptly, alongside any reported executive compensation details and other governance disclosures.
Creative Realities, Inc. (CREX) filed its Q3 2025 10-Q, reporting a sharp downturn in results driven by a non-cash software impairment and softer sales. Total sales were $10,547 (thousand) versus $14,442 (thousand) a year ago, as both hardware and services declined. The company recorded a $5,712 (thousand) impairment on a proprietary software platform, pushing the quarter to a net loss of $7,862 (thousand) versus net income of $54 (thousand) last year.
Gross profit was $4,777 (thousand), with operating expenses elevated by the impairment. Cash was $314 (thousand) at quarter-end, with revolving credit facility borrowings at $18,163 (thousand). Management determined that, as of September 30, substantial doubt existed about the company’s ability to continue as a going concern.
After the quarter, the company refinanced its debt with a $36,000 term loan and a $22,500 revolver, issued $30,000 of Series A Convertible Preferred Stock, and acquired DDC Group International for approximately USD $42,761 (subject to adjustments). Management believes these steps could improve liquidity and scale, though outcomes depend on integration and execution.
Creative Realities, Inc. (CREX) amended and restated its credit facility, closed a private preferred equity financing, and completed the acquisition of Cineplex’s digital media business. The new facility includes a $36 million term loan and a $22.5 million revolver maturing on November 6, 2028, with rates tied to 1‑month Term SOFR plus 0.11% and floating margins based on leverage. Revolver availability is based on 85% of eligible accounts and 60% of eligible inventory, less payables and reserves.
The company closed a $30.0 million private placement of Series A Convertible Preferred Stock (5.25% dividends accruing for five years; conversion price $3.00), subject to a 19.99% Beneficial Ownership Limitation and an Exchange Cap of 2,102,734 shares unless shareholder approval is obtained. A resale registration for conversion shares is required under a Registration Rights Agreement.
On November 7, 2025, CREX completed the CDM Acquisition for approximately CAD$70,000,000, funded with preferred proceeds and borrowings, and repaid prior credit facilities and related expenses. The Board expanded to seven, adding two Lead Investor designees and one Cineplex executive. The CEO was awarded a $270,000 transaction bonus.
Creative Realities, Inc. (CREX) furnished a Regulation FD update stating it held an investor conference call on October 16, 2025 to describe a pending transaction to acquire the business of Cineplex Digital Media Inc. and its affiliates, subject to closing conditions.
The company made the call’s slide presentation and a full transcript available on its investor relations website. The disclosure is furnished under Item 7.01 and is not deemed filed or incorporated by reference except as expressly stated in future filings.
Creative Realities, Inc. (CREX) agreed to acquire Cineplex’s CDM Business for approximately C$70,000,000, subject to customary adjustments and conditions, including financing and approval under Canada’s Competition Act. The company also entered into a private placement to sell 30,000 shares of Series A Convertible Preferred Stock for $30.0 million, with proceeds planned to fund a portion of the acquisition and for general corporate purposes. The preferred initially converts at a $3.00 price into up to 10,000,000 common shares, limited by a 19.99% Beneficial Ownership cap and an Exchange Cap of 2,102,734 shares unless shareholders approve additional issuance. A shareholder meeting is to be called within 90 days after closing to seek that approval.
The preferred carries a 5.25% dividend for five years, make‑whole protections on certain events, senior liquidation rights, and potential mandatory conversion after three years if EBITDA, leverage, and stock price thresholds are met. Investor rights include board expansion to seven and adding Thomas B. Ellis and Todd B. Hammer at closing, plus issuance and debt covenants while a lead investor holds a defined stake. The agreement allows termination on or after December 15, 2025 if not closed. Separately, the CEO, Richard Mills, was appointed interim CFO following the CFO’s resignation.
Creative Realities disclosed that its Chief Financial Officer, David Ryan Mudd, will resign to accept another CFO role at a larger company, with his departure effective October 10, 2025. The company stated the departure is not due to any disagreement over operations, policies, or accounting matters. The CEO, Richard Mills, is expected to serve as interim CFO while the company seeks a permanent replacement and intends to announce that appointment in the near term.
This change represents a leadership transition at the finance function that the company has labeled orderly, with management assuming temporary coverage pending a search for a successor.
Creative Realities, Inc.'s Schedule 13G/A shows Laurence W. Lytton beneficially owns 441,302 shares of common stock, representing 4.2% of the class based on 10,518,932 shares outstanding. The filing reports Mr. Lytton holds sole voting and sole dispositive power over all reported shares and indicates the holdings are not part of a group and were not acquired to change or influence control of the issuer.
Creative Realities reported mixed Q2 2025 results with $13,030 of revenue, essentially flat year-over-year, driven by a 41% increase in hardware to $7,073 offset by a 26% decline in services to $5,957. Gross margin fell to 39% from 52%, producing an operating loss of $1,331 for the quarter while the six-month period produced net income of $1,551 versus a loss of $724 the prior year.
Balance sheet and liquidity show cash of $569 and total assets of $63,653. The company settled the Reflect contingent consideration, derecognizing a $12,815 liability and recording a $4,775 gain while issuing a $4,000 promissory note and warrants. Total gross debt rose to $20,093. Management disclosed substantial doubt about the company’s ability to continue as a going concern due to liquidity needs and upcoming debt amortization.
Creative Realities, Inc. furnished a Current Report on Form 8-K stating it issued a press release on August 13, 2025 that announces the company's financial condition and results of operations for the three- and six-month periods ended June 30, 2025. The 8-K notes the press release is furnished as Exhibit 99.1 and that the information is furnished, not filed, so it is not subject to Section 18 liability and is not incorporated by reference into other filings except as expressly stated.
The report also lists Exhibit 104 (cover page Inline XBRL) and is signed by David Ryan Mudd, Interim Chief Financial Officer, dated August 13, 2025. No financial amounts or operating metrics are included in the Form 8-K text itself; readers must refer to Exhibit 99.1 for the detailed results.
Schedule 13D/A Amendment No. 1 for Creative Realities, Inc. (NASDAQ: CREX) details the updated beneficial ownership of Chief Executive Officer and Chairman Richard C. Mills.
- Current Beneficial Ownership: 1,435,260 shares, equal to 12.3 % of outstanding common stock (based on 10,518,932 shares outstanding as of 13-May-2025).
- Composition of Holdings: 752,601 directly-held shares (includes 450,000 unvested RSUs), 653,334 vested stock options, and 29,325 shares held through RFK Communications LLC, where Mills is sole manager.
- Recent Equity Grants & Transactions:
- 2-Jun-2025: Granted option to purchase 206,000 shares, vesting in three equal tranches (2026-2028).
- 2-Jun-2025: Open-market purchase of 16,000 shares at a $3.2614 weighted-average price.
- 3-Jul-2025: Awarded 450,000 RSUs vesting 31-Dec-2025, 3-Jul-2027 and 3-Jul-2028; accelerated vesting on certain termination/change-of-control events.
- Purpose of Transaction: Mills states no present plans to influence control but reserves the right to act in the future.
- Funding Source: Personal funds for open-market purchases; equity awards relate to executive compensation.
The filing increases transparency around insider ownership, adds over 650 k potential new shares via options/RSUs, and signals continued alignment of the CEO’s interests with shareholder value.