Creative Realities settles Reflect merger dispute with $3M cash, $4M note, and warrants

CREATIVE REALITIES, INC.

Settlement ends contingent payment dispute; CRI pays $3M cash, issues $4M note (14% interest) and 777,800 warrants at $3.25/sh.
Note requires interest-only through Sep 2025, then amortizing payments; balloon of ~$2.3M due Sep 2027.
Warrants for 777,800 shares of common stock, exercisable immediately at $3.25, expire in 6 years.
First Merchants Bank waived negative covenants under credit facility for the settlement.
CEO says deal is 'win-win', removes uncertainty and allows focus on growth.

item 1.01 item 2.03 item 7.01 item 9.01

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