M&A
confidence high
sentiment neutral
materiality 0.60
Creative Realities amends merger terms: cash consideration cut to $16.2M, issues $2.5M note
CREATIVE REALITIES, INC.
- Closing expected Feb 15, 2022; outside date extended to Feb 17, 2022.
- Cash consideration reduced from $18,666,667 to $16,166,667; $2.5M promissory note issued instead of escrow.
- Promissory note at 0.58% APR, monthly principal of $104,166.67 beginning March 15, 2022, due Feb 15, 2023.
- Parent to reimburse Reflect up to $20,000 for transaction expenses related to the amendment.