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SCHEDULE 13D/A 0001616224 XXXXXXXX LIVE 7 Common Stock, par value $0.01 per share 01/06/2026 false 0001356093 97652A302 Creative Realities, Inc. 13100 Magisterial Drive Suite 102 Louisville KY 40223 Pegasus Capital Advisors, L.P. (203) 869-4400 750 East Main Street Suite 600 Stamford CT 06902 0001616224 N Slipstream Funding, LLC OO N DE 0 0 0 0 0 N 0.00 OO 0001616222 N Slipstream Communications, LLC OO N 1A 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001616231 N BCOM Holdings, LP OO N DE 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001616236 N BCOM GP LLC OO N DE 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001616237 N Business Services Holdings, LLC OO N DE 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001441404 N Pegasus Investors IV, L.P. OO N DE 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001441405 N Pegasus Investors IV GP, L.L.C. OO N DE 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001259178 N Pegasus Capital, LLC OO N CT 0 1731498 0 1731498 1731498 N 14.13 OO Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. 0001032672 N Craig Cogut OO N X1 0 1731498 0 1731498 1731498 N 14.13 IN Rows 8, 10, and 11: Represents 1,731,498 shares of Common Stock issuable upon exercise of Warrants directly held by Slipstream Communications, LLC. Row 13: Based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. Common Stock, par value $0.01 per share Creative Realities, Inc. 13100 Magisterial Drive Suite 102 Louisville KY 40223 This Amendment No. 7 ("Amendment No. 7") amends the Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on August 29, 2014, as amended by Amendment No. 1 filed with the SEC on September 22, 2014, Amendment No. 2 filed with the SEC on December 16, 2022, Amendment No. 3 filed with the SEC on February 3, 2023, Amendment No. 4 filed with the SEC on May 1, 2023, Amendment No. 5 filed with the SEC on November 15, 2023, and Amendment No. 6 filed with the SEC on December 1, 2023 (the "Schedule 13D"), with respect to the Common Stock of Creative Realties, Inc. (the "Company"). Capitalized terms used herein and not otherwise defined in this Amendment No. 7 have the meanings set forth in the Schedule 13D. Except as specifically amended herein, the Schedule 13D shall otherwise remain in effect. The information relating to the beneficial ownership of the Shares by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein and is as of the date hereof. Percentage ownership is based on 10,518,932 shares of Common Stock outstanding as of November 11, 2025, as reported in the Company's Form 10-Q filed with the SEC on November 12, 2025, plus 1,731,498 shares of Common Stock underlying the Warrants. The information relating to the number of Shares beneficially owned by each of the Reporting Persons set forth in Rows 7 through 10 of the cover pages hereto is incorporated by reference herein and is as of the date hereof. This Amendment No. 7 is being filed to report sales of Shares of Common Stock effected during the past 60 days by the Reporting Persons listed below. All sales were conducted pursuant to the Company's Rule 424(b) prospectus, dated October 24, 2024, which was filed under the Registration Statement on Form S-3 that became effective on the same date. The Reporting Persons have no additional transactions to report within the prior 60 days. On January 6, 2026, Slipstream Funding, LLC sold 317,455 Shares of Common Stok at a price of $2.52 per share after discounts and commissions. On January 6, 2026, Slipstream Communications, LLC sold 1,108,030 Shares of Common Stok at a price of $2.52 per share after discounts and commissions. No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares. Neither the filing of this Statement nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons that such person is the beneficial owner of any of the shares of Common Stock referred to herein for purposes of the Act, or for any other purpose. Not applicable EX-99.4 Joint Filing Agreement among the Reporting Persons, dated as of August 29, 2014, incorporated by reference to the Schedule 13D filed on such date by the Reporting Persons. Slipstream Funding, LLC /s/ Craig Cogut Craig Cogut, President 01/07/2026 Slipstream Communications, LLC /s/ Craig Cogut Craig Cogut, President 01/07/2026 BCOM Holdings, LP /s/ Craig Cogut Craig Cogut, President of its general partner BCOM GP LLC 01/07/2026 BCOM GP LLC /s/ Craig Cogut Craig Cogut, President 01/07/2026 Business Services Holdings, LLC /s/ Craig Cogut Craig Cogut, President 01/07/2026 Pegasus Investors IV, L.P. /s/ Craig Cogut Craig Cogut, President of its general partner Pegasus Investors IV GP, L.L.C. 01/07/2026 Pegasus Investors IV GP, L.L.C. /s/ Craig Cogut Craig Cogut, President 01/07/2026 Pegasus Capital, LLC /s/ Craig Cogut Craig Cogut, Managing Member 01/07/2026 Craig Cogut /s/ Craig Cogut Craig Cogut 01/07/2026