---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003464"
form_type: "8-K"
ticker: "CREX"
cik: "0001356093"
company_name: "CREATIVE REALITIES, INC."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T10:50:35.111161+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Creative Realities extends $2.5M note maturity by one year, settles working capital claim from Reflect merger

## Summary
- Balloon payment of $1.25M eliminated; note maturity extended from Feb 17, 2023 to Feb 17, 2024.
- Monthly principal payments of $104,166.67 continue; interest rate rises from 0.59% to 4.60%.
- Merger consideration reduced by $241,817.43 Claim Amount; $241,817 employer retention credit pending.
- $250,000 escrow released to Stockholders' Representative.

## SEC filing metadata
- accession: 0001437749-23-003464
- form_type: 8-K
- ticker: CREX
- cik: 0001356093
- company_name: CREATIVE REALITIES, INC.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356093/000143774923003464/0001437749-23-003464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356093/000143774923003464/crex20230214_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003464
- JSON: https://secwatch.observer/filing/0001437749-23-003464.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003464.txt

## Key facts
- Material Agreements
  CREATIVE REALITIES, INC. amended Escrow Agreement with Stockholders' Representative valued at $250,000 (effective 2024-02-17).
  - Action: amendment
  - Counterparty: Stockholders' Representative
  - Value: $250,000
  - Effective: 2024-02-17
  source text: The parties also amended the Escrow Agreement executed at the closing of the Merger (the “Escrow Amendment”) to extend the period for which the escrow agent therein would accept monthly payments of the Secured Promissory Note until the extended maturity date, February 17, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356093/000143774923003464/0001437749-23-003464-index.htm
- Material Agreements
  CREATIVE REALITIES, INC. amended Secured Promissory Note with Stockholders' Representative valued at $2.5 million (effective 2023-02-11).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Stockholders' Representative
  - Value: $2.5 million
  - Effective: 2023-02-11
  source text: On February 11, 2023, Creative Realities and the Stockholders’ Representative executed an amendment, or the “Note Amendment,” to the $2.5 million Note and Security Agreement (the “Secured Promissory Note”) previously executed by Creative Realities in favor of the Stockholders’ Representative at the closing of the Merger.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356093/000143774923003464/0001437749-23-003464-index.htm
- Material Agreements
  CREATIVE REALITIES, INC. amended Merger Agreement with Reflect Systems, Inc. and RSI Exit Corporation (Stockholders' Representative) valued at $241,817.43 (effective 2022-02-11).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Reflect Systems, Inc. and RSI Exit Corporation (Stockholders' Representative)
  - Value: $241,817.43
  - Effective: 2022-02-11
  source text: Second Amendment to Merger Agreement As previously reported, on November 12, 2021, Creative Realities, Inc., a Minnesota corporation, or “Creative Realities,” Reflect Systems, Inc., or “Reflect,” and RSI Exit Corporation, or the “Stockholders’ Representative,” entered into an Agreement and Plan of Merger (as amended on February 8, 2023, the “Merger Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356093/000143774923003464/0001437749-23-003464-index.htm

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