Creative Realities announces 1-for-3 reverse stock split to regain Nasdaq compliance

CREATIVE REALITIES, INC.

Reverse split effective March 27, 2023; every 3 shares combine into 1 share.
Authorized shares reduced from 200M to 66.7M in proportion to split.
Fractional shares rounded up to the nearest whole share.
Split intended to meet Nasdaq minimum bid price requirement for continued listing.
Common stock will continue trading under symbol CREX on a post-split basis.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CREATIVE REALITIES, INC.: Implemented a one-for-three reverse stock split and reduced authorized shares proportionally (effective 2023-03-27).

Change: charter amendment
Effective: 2023-03-27

Exact text from the filing

On March 23, 2023, Creative Realities, Inc. (the “Company”) filed Articles of Amendment with the Secretary of State of the State of Minnesota to effectuate, effective March 27, 2023, a one-for-three reverse stock split of the shares of the Company’s common stock, par value $0.01 per share.

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CREATIVE REALITIES, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-007818

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