CREATIVE REALITIES, INC. 8-K

What Happened
Creative Realities, Inc. (CREX) announced it entered into a Warrant Repurchase Agreement with Slipstream Communications, LLC on February 16, 2026, and completed the repurchase on February 17, 2026. The company paid $200,000 to repurchase and cancel a warrant that had been exercisable for up to 1,731,499 shares of common stock at $6.00 per share. In connection with the repurchase, Creative Realities and certain subsidiaries entered into a First Amendment to their Amended and Restated Credit Agreement (with First Merchants Bank as Agent) providing the lenders’ consent to the transaction.

Key Details

• Repurchase price: $200,000 (closing completed February 17, 2026).
• Warrant counterparty: Slipstream Communications, LLC.
• Warrant terms before cancellation: exercisable for up to 1,731,499 shares at $6.00 per share.
• Credit amendment: lenders (agented by First Merchants Bank) consented and agreed the repurchase payment will not reduce the Company’s “Excess Cash Flow” for determining certain prepayment obligations.
• Press release announcing the transaction was issued February 18, 2026.

Why It Matters
The repurchase cancels a warrant that could have led to roughly 1.73 million additional shares if exercised, so it reduces potential future dilution for existing shareholders. However, the company used $200,000 in cash to do so, which is a near-term cash outflow. The lenders’ amendment confirming the repurchase and the agreement that the payment won’t reduce “Excess Cash Flow” preserves the prepayment calculation under the credit agreement—meaning this transaction won’t lower amounts the company may be required to use for loan prepayments. Investors should weigh the reduced dilution against the cash cost and the unchanged loan prepayment framework.