secwatch.observer — SEC 8-K summary
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Issuer:     CREATIVE REALITIES, INC. (CREX)
CIK:        0001356093
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001437749-25-023565
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Creative Realities amends credit agreement: borrowing base margin steps down to 85% by Oct 31
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- Second Amendment to Credit Agreement with First Merchants Bank lowers borrowing base margin from 95% to 85% over four months.
- Borrowing base margin: 95% through Sep 29, 2025; 90% through Oct 30; 85% from Oct 31 onward.
- Amendment effective June 30, 2025; reduces availability under revolving line of credit tied to contract liquidation value.
- Borrowers reaffirm all representations and release Bank from prior claims.
- Bank may require a new collateral appraisal at Borrowers' expense by Dec 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1356093/000143774925023565/0001437749-25-023565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1356093/000143774925023565/crex20250724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-023565

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