---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-008352"
form_type: "8-K"
ticker: "CREX"
cik: "0001356093"
company_name: "CREATIVE REALITIES, INC."
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:32:27.744643+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Creative Realities closes acquisition of Reflect Systems; issues $10M term loan and consolidates debt

## Summary
- Merger with Reflect Systems closed Feb 17, 2022; Reflect now wholly owned subsidiary of Creative Realities.
- Total consideration: $18.67M cash, 2.33M shares of CRI stock, and contingent cash based on future stock price.
- New $10M term loan at 8% interest (50% warrant coverage) and consolidation of $7.185M existing loans at 10% (75% warrant coverage).
- CEO Rick Mills' base salary increased to $450,000; CFO Will Logan to $350,000 plus $75,000 bonus.
- Shareholders approved Retention Bonus Plan and share issuance proposals at Feb 15 special meeting.

## SEC filing metadata
- accession: 0001213900-22-008352
- form_type: 8-K
- ticker: CREX
- cik: 0001356093
- company_name: CREATIVE REALITIES, INC.
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356093/000121390022008352/0001213900-22-008352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356093/000121390022008352/ea155906-8k_creative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-008352
- JSON: https://secwatch.observer/filing/0001213900-22-008352.json
- Plain text: https://secwatch.observer/filing/0001213900-22-008352.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.