CREATIVE REALITIES, INC. (CREX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 115.73% of current shares
Recent Dilution: 1.3% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
11M
Potential Supply
12M
Additional shares possible
Splits
None
Past 2 years

Summary

CREX currently has 10.6M outstanding shares. with significant dilution risk as 12.2M authorized shares could dilute existing holders by 115.7%. The company has minimally diluted shareholders by 1.3% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 10.6M shares outstanding

11M 12M
Apr 15, 2026

10-K filing | 10.5M shares outstanding

10M 12M
Dec 19, 2025

S-3 filing: This prospectus relates to the proposed resale or other disposition from time to time of up to 12,979,579 shares of common stock of Creative Realities, Inc. by the selling shareholders identified in this prospectus.

11M 12M
Nov 12, 2025

10-Q filing | 10.5M shares outstanding

11M 0
Oct 16, 2025

8-K filing: Creative Realities, Inc. entered into a Securities Purchase Agreement to sell 30,000 shares of Series A Convertible Preferred Stock for an aggregate gross purchase price of $30.0 million, which will initially be convertible into 10,000,000 shares of the Company's common stock. ($30.0M proceeds)

10M 0
Aug 13, 2025

10-Q filing | 10.5M shares outstanding

10M 0
May 14, 2025

10-Q filing | 10.4M shares outstanding

10M 0
Mar 17, 2025

8-K filing: Creative Realities, Inc. settled a dispute related to the Merger Agreement with Reflect Systems, Inc., terminating the obligation to pay Guaranteed Consideration. In consideration, the company will deposit $3,000,000 in cash, deliver a $4,000,000 promissory note, and issue warrants to purchase 777,800 shares of the company's common stock.

10M 0
Mar 14, 2025

10-K filing | 10.4M shares outstanding

10M 0
Nov 13, 2024

10-Q filing | 10.4M shares outstanding

10M 0
Oct 17, 2024

S-3 filing: This S-3 filing is for a shelf offering of 3,156,984 shares of common stock of Creative Realities, Inc. for resale by selling shareholders. The company will not receive any proceeds from the sale.

10M 0
Aug 14, 2024

10-Q filing | 10.4M shares outstanding

10M 0
May 10, 2024

10-Q filing | 10.4M shares outstanding

10M 0
Mar 21, 2024

10-K filing | 10.4M shares outstanding

10M 0
Nov 09, 2023

10-Q filing | 10.4M shares outstanding

10M 0
Aug 21, 2023

8-K filing: Creative Realities, Inc. completed a public offering on August 21, 2023, selling 3,000,000 shares of common stock at $2.00 per share. ($6.0M proceeds)

7.4M 0
Aug 04, 2023

10-Q filing | 7.4M shares outstanding

7.4M 0
May 25, 2023

S-3 filing: Creative Realities, Inc. files an S-3 registration statement to offer common stock, preferred stock, warrants to purchase common or preferred stock, and debt securities up to an aggregate amount of $46,168,698.

7.4M 0
May 15, 2023

10-Q filing | 7.4M shares outstanding

7.4M 0
Mar 30, 2023

10-K filing | 6.7M shares outstanding

6.7M 0
Mar 27, 2023
Stock Split

8-K filing: Stock split 1-for-3 | Outstanding: 21,750,000 → 7,250,000

7.3M 0
Nov 14, 2022

10-Q filing | 21.8M shares outstanding

22M 0
Aug 15, 2022

10-Q filing | 21.7M shares outstanding

22M 0
Jul 07, 2022

8-K filing: The Company amended the terms of warrants previously issued to Slipstream Communications, LLC and Armistice Capital Master Fund Ltd. to remove the cashless exercise option and extend the term for an additional year.

22M 0
Jun 17, 2022

S-3 filing: This S-3 filing relates to the proposed resale or other disposition from time to time of up to 1,400,000 shares of common stock of Creative Realities, Inc. by the selling shareholders identified in this prospectus.

22M 0
May 16, 2022

10-Q filing | 21.7M shares outstanding

22M 0
Mar 22, 2022

10-K filing | 17.1M shares outstanding

17M 1.4M
Feb 18, 2022

8-K filing: Creative Realities, Inc. refinanced its debt facilities, raised $10,000,000 in gross proceeds from a new term loan, consolidated existing loans into a new term loan, and issued warrants to Slipstream and another investor in connection with these transactions and a waiver.

12M 6.6M
Feb 04, 2022

S-3 filing: This S-3 filing relates to the proposed resale of up to 14,333,010 shares of common stock of Creative Realities, Inc. by selling shareholders.

12M 6.6M
Feb 04, 2022

8-K filing: Creative Realities, Inc. completed a private placement, issuing 1,315,000 shares of common stock and pre-funded warrants to purchase 5,851,505 shares, along with accompanying warrants, for gross proceeds of approximately $11.0 million. ($10.98M proceeds)

12M 6.6M
Nov 15, 2021

10-Q filing | 11.9M shares outstanding

12M 0
Nov 15, 2021

8-K filing: Creative Realities, Inc. entered into an Agreement and Plan of Merger with Reflect Systems, Inc. on November 12, 2021, where Reflect will merge into a wholly-owned subsidiary of Creative Realities, with Reflect surviving as a subsidiary. ($5.33M proceeds)

12M 0
Aug 16, 2021

10-Q filing | 11.9M shares outstanding

12M 0
May 17, 2021

10-Q filing | 11.3M shares outstanding

11M 0
Apr 02, 2021

S-3 filing: This S-3 filing relates to the proposed resale or other disposition of up to 2,197,350 shares of common stock by selling stockholders.

12M 0
Mar 10, 2021

10-K filing | 11.7M shares outstanding

12M 0
Feb 19, 2021

8-K filing: Creative Realities, Inc. entered into a securities purchase agreement for a registered direct offering of 800,000 shares of common stock at $2.50 per share, resulting in gross proceeds of $2.0 million, with expected net proceeds of approximately $1.835 million. ($2.0M proceeds)

10M 0
Nov 12, 2020

10-Q filing | 10.3M shares outstanding

10M 0
Aug 13, 2020

10-Q filing | 0.0M shares outstanding

9.8K 1.9M
Jun 12, 2020

S-3 filing: This S-3 filing is for the proposed resale of up to 1,943,048 shares of common stock by selling stockholders.

9.8K 1.9M
May 15, 2020

S-3 filing: An indeterminate number of shares of common stock and preferred stock, an indeterminate number of warrants to purchase common stock, preferred stock and/or debt securities, and an indeterminate principal amount of debt securities are being registered hereunder, which together shall have an aggregate initial offering price not to exceed $50,000,000.

9.8K 0
May 14, 2020

10-Q filing | 0.0M shares outstanding

9.8K 0
Mar 13, 2020

10-K filing | 0.0M shares outstanding

9.7K 0
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