Creative Realities, Inc. received a Schedule 13G filing showing that investment entities associated with Mink Brook, including Mink Brook Partners LP and Mink Brook Asset Management LLC, report beneficial ownership of 613,459 shares of the company’s common stock. This represents about 5.83% of the outstanding shares, based on 10,518,932 shares outstanding as of 11/12/2025 from the company’s Form 10‑Q. The filing attributes shared voting and investment power over these shares to Mink Brook Partners LP, Mink Brook Capital GP LLC, Mink Brook Asset Management LLC, and William Mueller, while expressly disclaiming beneficial ownership beyond their pecuniary interests. The reporting group certifies that the shares were not acquired and are not held for the purpose of changing or influencing control of Creative Realities.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CREATIVE REALITIES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
22530J200
(CUSIP Number)
01/06/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
22530J200
1
Names of Reporting Persons
Mink Brook Asset Management 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
0.00
6
Shared Voting Power
613,459.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
613,459.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
613,459.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) This percentage is calculated based upon 10,518,932 shares outstanding as of 11/12/25 disclosed in the company's Form 10-Q.
SCHEDULE 13G
CUSIP No.
22530J200
1
Names of Reporting Persons
Mink Brook Partners LP
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
0.00
6
Shared Voting Power
613,459.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
613,459.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
613,459.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) This percentage is calculated based upon 10,518,932 shares outstanding as of 11/12/25 disclosed in the company's Form 10-Q
SCHEDULE 13G
CUSIP No.
22530J200
1
Names of Reporting Persons
Mink Brook Capital GP 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
0.00
6
Shared Voting Power
613,459.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
613,459.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
613,459.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) This percentage is calculated based upon 10,518,932 shares outstanding as of 11/12/25 disclosed in the company's Form 10-Q
SCHEDULE 13G
CUSIP No.
22530J200
1
Names of Reporting Persons
William Mueller
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
0.00
6
Shared Voting Power
613,459.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
613,459.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
613,459.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) This percentage is calculated based upon 10,518,932 shares outstanding as of 11/12/25 disclosed in the company's Form 10-Q
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CREATIVE REALITIES, INC.
(b)
Address of issuer's principal executive offices:
13100 MAGISTERIAL DRIVE, SUITE 102, LOUISVILLE, KENTUCKY, 40223.
Item 2.
(a)
Name of person filing:
Mink Brook Asset Management LLC
Mink Brook Partners LP
Mink Brook Capital GP LLC
William Mueller
(b)
Address or principal business office or, if none, residence:
201 Summa Street
West Palm Beach, FL 33405
(c)
Citizenship:
Mink Brook Asset Management LLC - Delaware
Mink Brook Partners LP - Delaware
Mink Brook Capital GP LLC - Delaware
William Mueller - Florida
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
22530J200
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);
(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). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Amount beneficially owned: As of the close of business on January 8th, 2026, Mink Brook Partners LP held an aggregate of 613,459 shares of the common stock of the Issuer. As the general partner to Mink Brook Partners LP, Mink Brook Capital GP LLC may be deemed to have shared power to vote or to direct the vote and to dispose or to direct the disposition of the shares held by Mink Brook Partners LP. As the managing member of Mink Brook Capital GP LLC and Mink Brook Asset Management LLC, William Mueller may be deemed to have shared power to vote or to direct the vote and to dispose or to direct the disposition of the shares held by Mink Brook Partners LP.
Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that Mr. Mueller or Mink Brook Capital GP LLC is the beneficial owner of the shares of the common stock of the Issuer referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed, except to the extent of their respective pecuniary interests therein.
(b)
Percent of class:
Mink Brook Asset Management LLC - 5.83%
Mink Brook Partners LP - 5.83%
Mink Brook Capital GP LLC - 5.83%
William Mueller - 5.83%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Mink Brook Asset Management LLC - 0
Mink Brook Partners LP - 0
Mink Brook Capital GP LLC - 0
William Mueller - 0
(ii) Shared power to vote or to direct the vote:
Mink Brook Asset Management LLC - 613,459
Mink Brook Partners LP - 613,459
Mink Brook Capital GP LLC - 613,459
William Mueller - 613,459
(iii) Sole power to dispose or to direct the disposition of:
Mink Brook Asset Management LLC - 0
Mink Brook Partners LP - 0
Mink Brook Capital GP LLC - 0
William Mueller - 0
(iv) Shared power to dispose or to direct the disposition of:
Mink Brook Asset Management LLC - 613,459
Mink Brook Partners LP - 613,459
Mink Brook Capital GP LLC - 613,459
William Mueller - 613,459
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.
Certifications:
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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Mink Brook Asset Management LLC
Signature:
/s/ William Mueller
Name/Title:
William Mueller/Managing Member, Mink Brook Asset Management LLC
Date:
01/08/2026
Mink Brook Partners LP
Signature:
/s/ William Mueller
Name/Title:
William Mueller/Managing Member, general partner Mink Brook Capital GP LLC
Date:
01/08/2026
Mink Brook Capital GP LLC
Signature:
/s/ William Mueller
Name/Title:
William Mueller/Managing Member, general partner Mink Brook Capital GP LLC
What stake in Creative Realities (CREX) is reported in this Schedule 13G?
The filing reports beneficial ownership of 613,459 shares of Creative Realities, Inc. common stock, representing approximately 5.83% of the outstanding shares.
Who are the reporting persons in the Creative Realities (CREX) Schedule 13G?
The reporting persons are Mink Brook Asset Management LLC, Mink Brook Partners LP, Mink Brook Capital GP LLC, and William Mueller.
How was the 5.83% ownership in CREX calculated?
The 5.83% figure is based on 10,518,932 shares of Creative Realities common stock outstanding as of 11/12/2025, as disclosed in the company’s Form 10‑Q.
Do the Mink Brook entities and William Mueller have sole or shared voting power over CREX shares?
The filing shows 0 shares with sole voting or dispositive power and 613,459 shares with shared voting and dispositive power for each reporting person.
Does the Schedule 13G state an intent to influence control of Creative Realities (CREX)?
No. The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing the control of Creative Realities.
What role does William Mueller have in relation to the Mink Brook entities holding CREX shares?
William Mueller is the managing member of Mink Brook Asset Management LLC and Mink Brook Capital GP LLC and may be deemed to share voting and dispositive power, while expressly disclaiming beneficial ownership except for his pecuniary interest.
What is the class of securities covered by this Creative Realities (CREX) Schedule 13G?
The Schedule 13G covers common stock of Creative Realities, Inc., identified by CUSIP 22530J200.
