Amendment No. 2 to Schedule 13D for Creative Realities, Inc.

Creative Realities, Inc. filed Amendment No. 2 to its Schedule 13D on October 17, 2025, disclosing changes related to its Common Stock. The amendment includes details about a Securities Purchase Agreement entered into on October 15, 2025, with certain accredited investors for a private placement of Series A Convertible Preferred Stock. The agreement involves the sale of 30,000 Preferred Shares for an aggregate gross purchase price of $30.0 million. The Preferred Shares are convertible into Common Stock, subject to a 19.99% Beneficial Ownership Limitation and an Exchange Cap limitation. The Issuer anticipates closing the Offering concurrently with its pending acquisition of DDC Group International, Inc. Additionally, the Reporting Person, Richard C. Mills, entered into a Voting Agreement to vote his shares in favor of approving the issuance of Conversion Shares in excess of the Exchange Cap limitation and increasing the Beneficial Ownership Limitation to 49.99%.