Creative Realities Complies with Nasdaq’s Minimum Bid Price Requirement

Rhea-AI Summary

Creative Realities, Inc. (NASDAQ: CREX, CREXW) has confirmed its compliance with the Nasdaq Minimum Bid Price Requirement after receiving a notification from Nasdaq stating that the company's closing bid price has been at least $1.00 per share for the last 10 consecutive business days, from March 27 to April 10, 2023. Previously, in October 2022, the Company was notified that it had fallen below this requirement. The recent announcement indicates that the matter is now resolved, allowing the Company to focus on its business operations without concerns about potential delisting.

Creative Realities specializes in digital signage and media solutions aimed at enhancing customer experiences and improving productivity across various sectors, including retail and foodservice.

Positive

• Company regained compliance with Nasdaq's Minimum Bid Price Requirement.
• Closing bid price was at least $1.00 for the last 10 consecutive business days.

Negative

• None.

LOUISVILLE, Ky., April 11, 2023 (GLOBE NEWSWIRE) -- Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX, CREXW), a leading provider of digital signage and media solutions, announced that based on a notification letter recently received from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (the “Nasdaq”), the Company is in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules (the “Minimum Bid Price Requirement”).

The Company had previously received written notice from Nasdaq in October 2022 indicating that because the closing bid price per share had fallen below $1.00 for a period of 30 consecutive business days, the Company did not meet the Minimum Price Bid Requirement. According to the recent notification letter, the staff of Nasdaq has determined that for the last 10 consecutive business days, from March 27, 2023 to April 10, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. The Company is in compliance with the Minimum Bid Price Requirement, and the matter is now closed.

About Creative Realities, Inc.
Creative Realities helps clients use place-based digital media to achieve business objectives such as increased revenue, enhanced customer experiences, and improved productivity. The Company designs, develops and deploys digital signage experiences for enterprise-level networks, and is actively providing recurring SaaS and support services across diverse vertical markets, including but not limited to retail, automotive, digital-out-of-home (DOOH) advertising networks, convenience stores, foodservice/QSR, gaming, theater, and stadium venues.

Cautionary Note on Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and includes, among other things, discussions of our business strategies, product releases, future operations and capital resources. Words such as "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance, conditions or results. They are based on the opinions, estimates and beliefs of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors, many of which are outside of our control, that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Some of these risks are discussed in the “Risk Factors” section contained in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022 and the Company’s subsequent filings with the U.S. Securities and Exchange Commission. Important factors, among others, that may affect actual results or outcomes include: our ability to effectively integrate Reflect’s business operations, our strategy for customer retention, growth, product development, market position, financial results and reserves, our ability to execute on our business plan, our ability to retain key personnel, potential litigation, supply chain shortages, our ability to maintain compliance with Nasdaq listing rules, and general economic and market conditions impacting demand for our products and services, including those as a result of the COVID-19 pandemic. Readers should not place undue reliance upon any forward-looking statements. We assume no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts
Media Inquiries
Christina Davies
cdavies@ideagrove.com

Investor Relations
ir@cri.com
https://investors.cri.com 

FAQ

What is the latest compliance status of Creative Realities with Nasdaq?

Creative Realities is now compliant with Nasdaq's Minimum Bid Price Requirement as of April 11, 2023.

When did Creative Realities regain compliance with the Nasdaq listing rules?

The company regained compliance on April 11, 2023, after maintaining a closing bid price of at least $1.00 for 10 consecutive business days.

What was the previous notification received by Creative Realities from Nasdaq?

Creative Realities received a notification in October 2022 that it did not meet the Minimum Price Bid Requirement.

What are the stock symbols for Creative Realities?

The stock symbols for Creative Realities are CREX and CREXW.