Current Report Filing (8-k)
07 April 2020 - 6:21AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
April 1, 2020
CREATIVE REALITIES, INC.
(Exact name of registrant as specified in its
charter)
Minnesota
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001-33169
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41-1967918
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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13100 Magisterial Drive, Suite 100, Louisville, KY
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40223
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(Address of principal executive offices)
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(Zip Code)
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(502) 791-8800
(Registrant's telephone number, including area
code)
Not applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company o
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001 per share
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CREX
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The Nasdaq Stock Market LLC
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Warrants to purchase Common Stock
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CREXW
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The Nasdaq Stock Market LLC
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Item 1.01
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Entry into a Material Definitive Agreement.
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On April 1, 2020 (the “Effective
Date”), Creative Realities, Inc. (the “Company”) entered into an Eighth Amendment to Loan and Security Agreement
(the “Eighth Amendment”) with its subsidiaries and Slipstream Communications, LLC (“Lender”) to amend the
terms of the payments and interest accruing on the Company’s term, revolving and special loans. The Eight Amendment increases
the interest rates of the Company’s term, revolving and special loans from 8% to 10%, effective as of the Effective Date.
Until January 1, 2021, rather than cash payments of accrued interest under the term and revolving loans, interest will be paid
by the issuance of and treated as additional principal thereunder. Commencing January 2, 2021, such interest will be payable in
cash. Interest on the special loan will no longer be paid in cash, but by the issuance of and treated as additional principal thereunder.
The Eighth Amendment is
filed as Exhibit 10.1 to this report, and the foregoing description is qualified in its entirety by reference thereto.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Creative Realities, Inc.
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(Registrant)
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Date: April 6, 2020
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By:
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/s/ Will Logan
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Will Logan
Chief Financial Officer
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