Business Context and Reporting Period
Company: Creative Realities, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 17, 2018
Reporting Period: Event-specific report regarding corporate governance changes.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a capital structure adjustment.
Material Changes
- Reverse Stock Split: The Company effected a 1-for-30 reverse stock split of its common stock.
- Share Count Reduction: The number of outstanding shares was reduced from approximately 87.6 million to approximately 3.0 million.
- Shareholder Approval: The split ratio was approved by shareholders at a special meeting on August 7, 2018, with the Board finalizing the 1-for-30 ratio on October 17, 2018.
- Fractional Shares: No fractional shares were issued; any fractional entitlements were rounded up to the nearest whole share.
- Par Value: The par value per share remains unchanged at $0.01.
Outlook and Management Commentary
- Trading Resumption: Common stock was expected to begin trading on a reverse stock split-adjusted basis on or about October 25, 2018, but no later than October 29, 2018.
- Identifiers: The trading symbol remains "CREX." The new CUSIP number is 22530J200.
- Authorized Shares: The authorized number of shares of common stock or other capital stock was not reduced.
Investor Verification Checklist
- Verify the new CUSIP number (22530J200) for trading purposes.
- Confirm the adjusted share count of approximately 3.0 million shares in brokerage accounts.
- Review the Articles of Amendment filed with the Minnesota Secretary of State for full legal terms.
- Monitor trading activity starting October 25, 2018, for the adjusted stock price.