Other Information
−Removed: Earnings Release
−Removed: On August 15, 2022, the Company
−Removed: issued a press release announcing its financial condition and results of operations for the three and six months ended June 30, 2022.
−Removed: copy of the press release is furnished as Exhibit 99.1 and is incorporated by reference into this Item 5 in lieu of separately furnishing
−Removed: such press release under Item 2.02 of Form 8-K.
−Removed: This disclosure, including Exhibit 99.1 hereto, shall not be deemed “filed”
−Removed: for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
−Removed: the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company’s filings under the Securities
−Removed: Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
−Removed: Amendment to Stock Option Agreement dated June 15, 2022 between the Company and Rick Mills(incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed June 17, 2022)
−Removed: Amendment to Stock Option Agreement dated June 15, 2022 between the Company and Will Logan (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed June 17, 2022)
−Removed: Stock Option Agreement dated June 15, 2022 between the Company and Rick Mills (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed June 17, 2022)
−Removed: Stock Option Agreement dated June 15, 2022 between the Company and Will Logan (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed June 17, 2022)
+Added: On October 31, 2022, the Company
+Added: and its subsidiaries (collectively, the “Borrowers”) amended their Second Amended and Restated Loan and Security Agreement
+Added: (the “Credit Agreement”) with their lender, Slipstream Communications, LLC (“Slipstream”).
+Added: The amendment provides
+Added: the Borrowers with a $2 million term loan, the net proceeds of which are being used by the Company to accelerate an active software development
+Added: project with potential to expand SaaS revenues associated with an existing customer by as much as $5 million annually beginning as early
+Added: as January 2024.
+Added: The term loan has an annual
+Added: interest rate of 12.5% and matures on September 1, 2023.
+Added: Commencing on February 1, 2023, the Borrowers will make monthly installment payments
+Added: of approximately $270,000 until the maturity date, consisting of principal and interest sufficient to fully amortize the term loan through
+Added: the maturity date.
+Added: The foregoing descriptions
+Added: of the amendment and term loan are not complete descriptions thereof and are qualified in their entireties by reference to the full text
+Added: of the First Amendment to Second Amended and Restated Loan and Security Agreement and Term Note (2022) filed as Exhibits 10.4 and 10.5
+Added: to this Quarterly Report on Form 10-Q, which are incorporated herein by reference.
+Added: Lender Warrant dated June 30, 2022 (incorporated by reference to Exhibit
+Added: 10.1 of the Company’s Current Report on Form 8-K filed with the SEC on July 7, 2022).
+Added: Investor Warrant dated June 30, 2022 (7,166,505 shares) (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K filed with the SEC on July 7, 2022).
+Added: Investor Warrant dated June 30, 2022 (1,400,000 shares) (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K filed with the SEC on July 7, 2022).
+Added: First Amendment to Second Amended and Restated Loan and Security Agreement*
+Added: Term Note (2022)*
Chief Executive Officer Certification pursuant to Exchange Act Rule 13a-14(a).
4 unchanged sentences
Section 1350.
−Removed: Press release dated August 15, 2022
Inline XBRL Instance Document
4 unchanged sentences
Inline XBRL Taxonomy Extension Presentation Linkbase.
−Removed: Cover Page Interactive Data File (formatted as inline
−Removed: XBRL and contained in Exhibit 101).
+Added: Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).
+Added: Filed herewith
Pursuant to the requirements of the Securities Exchange Act of 1934,
1 unchanged sentence
Creative Realities, Inc.
−Removed: August 15, 2022
+Added: November 14, 2022
/s/ Richard Mills
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.