---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-034248"
form_type: "8-K"
ticker: "CREX"
cik: "0001356093"
company_name: "CREATIVE REALITIES, INC."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T20:59:10.137421+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Creative Realities closes CAD$70M CDM acquisition, secures $36M term loan and $30M preferred stock

## Summary
- Acquired CDM Business for ~CAD$70M from Cineplex; used proceeds from new credit facility and preferred stock offering.
- Entered $36M term loan and $22.5M revolver with First Merchants Bank, maturing Nov 2028 at SOFR+2.75%-3.50%.
- Closed $30M offering of Series A Convertible Preferred Stock ($1,000 stated value, convertible at $3.00/share) with North Run Strategic Opportunities Fund.
- Board expanded from 4 to 7 directors; appointed Thomas B. Ellis, Michael Bosco (buyer designees) and Dan McGrath (Cineplex COO).
- CEO Richard Mills received a $270,000 transaction bonus for services in connection with the credit agreement, offering, and acquisition.

## SEC filing metadata
- accession: 0001437749-25-034248
- form_type: 8-K
- ticker: CREX
- cik: 0001356093
- company_name: CREATIVE REALITIES, INC.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 2.03, 3.02, 3.03, 5.02, 5.03, 5.08, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356093/000143774925034248/0001437749-25-034248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356093/000143774925034248/crex20251109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-034248
- JSON: https://secwatch.observer/filing/0001437749-25-034248.json
- Plain text: https://secwatch.observer/filing/0001437749-25-034248.txt

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