Creative Realities launches stock offering to raise capital

Creative Realities, Inc. (NASDAQ: CREX), a digital signage and AdTech solutions provider, announced the commencement of an underwritten public offering of shares of its common stock, with pre-funded warrants available to certain investors in lieu of common stock.

The company also intends to grant the underwriter a 30-day option to purchase up to an additional 12.5% of the total shares offered, including shares issuable upon exercise of pre-funded warrants. The offering is subject to market and other conditions, with no assurance as to whether, when, or at what size or terms the offering may be completed.

Creative Realities stated it plans to use the net proceeds for working capital, general corporate purposes, debt repayment, and potential acquisitions.

Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering. A shelf registration statement on Form S-3 relating to the securities has been filed with the Securities and Exchange Commission and declared effective.

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