Creative Realities Complies with Nasdaq’s Minimum Bid Price Requirement
April 11 2023 - 12:00PM
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.
ContactsMedia InquiriesChristina
Daviescdavies@ideagrove.com
Investor Relationsir@cri.comhttps://investors.cri.com
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