---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-007826"
form_type: "8-K"
ticker: "CREX"
cik: "0001356093"
company_name: "CREATIVE REALITIES, INC."
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T15:19:47.267963+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-007826
- form_type: 8-K
- ticker: CREX
- cik: 0001356093
- company_name: CREATIVE REALITIES, INC.
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356093/000143774925007826/0001437749-25-007826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356093/000143774925007826/crex20250313_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-007826
- JSON: https://secwatch.observer/filing/0001437749-25-007826.json
- Plain text: https://secwatch.observer/filing/0001437749-25-007826.txt

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