Pegasus Capital Advisors, L.P. made a non-binding proposal to acquire an additional 80.4% stake in Creative Realities, Inc. (NasdaqCM:CREX) from Slipstream Communications, LLC, Slipstream Funding, LLC and others for $14.5 million on February 3, 2023. Pegasus to acquire all of the outstanding shares of Common Stock that are not owned for a purchase price of $0.83 per share in cash. Pegasus anticipate financing the transaction solely through equity financing, from affiliated private equity funds and from certain other third parties.

Proposal is subject to the satisfactory completion of confirmatory due diligence including having access to CREX's management team and review of customary business, financial, accounting and legal due diligence with respect to CREX. Entering into definitive agreements providing for the Proposal remains subject to satisfactory completion of our confirmatory due diligence, receipt of final internal approval from Pegasus's investment committee and the negotiation with the Special Committee of CREX of mutually acceptable definitive transaction agreements. Closing of the proposed Transaction would be subject to customary conditions, including approval by a majority-of-the-minority of CREX's stockholders and receipt of any required regulatory and governmental approvals.

Kirkland & Ellis LLP acted as legal advisor to Pegasus Capital Advisors, L.P. Mayer Brown LLP is serving as legal counsel to the Special Committee and Maslon LLP is serving as legal counsel to Creative Realities.