Why Creative Realities (CREX) Stock Is Getting Hammered

Creative Realities Inc (NASDAQ:CREX) shares are trading lower by 37.5% to $1.87 Thursday morning after the company announced the pricing of its $6 million public offering of 3 million shares of common stock at $2 per share.

The offering is expected to close around August 21, subject to standard conditions. The company intends to use the proceeds for general corporate purposes, including debt repayment, capital expenses and working capital.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

According to data from Benzinga Pro, CREX has a 52-week high of $4.00 and a 52-week low of $1.67.