Howard Halpern

Brian Kinstlinger

Ben Howard

Cal Bartyzal

Jason Kreyer

John Heckmann

Jon Hickman

Laurence Lytton

- CRI is acquiring Cineplex Digital Media (CDM) for **$50 million US**, financed by **$48.5 million in bank debt** and **$30 million in convertible preferred equity**.  **[0001356093_2188212_2]** 
- The acquisition is projected to **double CRI's revenue from $50 million to $100 million**, expand its total addressable market, and yield **$10 million in cost synergies**.  **[0001356093_2188212_1]** 
- The combined company expects **$45 million or $46 million in recurring revenue** by the end of **2025**, with **2026 revenue projected to exceed $100 million** and Adjusted EBITDA margins in the **high teens**, potentially surpassing **20%** by the end of 2026.  **[0001356093_2188212_3]** 
- CDM adds a **$54 million, 10-year North Carolina Lottery contract** (with **1,500 locations** initially deploying and an additional **500** planned) and the largest mall digital out-of-home network in Canada.  **[0001356093_2188212_3]**

CRI Announces Acquisition of Cineplex Digital Media

- Creative Realities, Inc. (CRI) announced the acquisition of **Cineplex Digital Media (CDM)** for **CAD 70 million in cash**, with the closing expected in **October 2025**.  **[1356093_0001437749-25-031111_ex_871030.htm:0]** **[1356093_0001437749-25-031111_crex20251016_8k.htm:0]** 
- The acquisition is projected to **double the size of CRI**, expand its North American footprint, and yield **at least $10 million in annualized cost synergies by the end of 2026**.  **[1356093_0001437749-25-031111_ex_871030.htm:0]** 
- CDM generated sales of **just under CAD $56 million in 2024** and is on track for **25% growth in 2025**, with over **60% recurring revenue**.  **[1356093_0001437749-25-031111_ex_871030.htm:0]** 
- The acquisition will be financed by a **$36 million senior term loan** and **$30 million of convertible preferred equity**.  **[1356093_0001437749-25-031111_ex_871030.htm:0]** **[1356093_0001437749-25-031111_ex_871030.htm:1]** 
- On a pro-forma adjusted basis for **2026**, CRI anticipates **revenue exceeding USD $100 million** and **Adjusted EBITDA margins in the high teens**, eventually surpassing 20% once all synergies are realized.  **[1356093_0001437749-25-031111_ex_871030.htm:0]**

Creative Realities Announces Acquisition of Cineplex Digital Media

- Alpha Modus Holdings, Inc. initiated a **patent infringement lawsuit** against Allerin Tech Pvt. Ltd. on **September 12, 2025**.  **[1356093_ed96910d72fd4e239d885f931f18177d_0]** 
- The lawsuit alleges Allerin's "AllView" AI platform infringes upon **ten Alpha Modus patents** covering core AI-driven retail technologies.  **[1356093_ed96910d72fd4e239d885f931f18177d_0]** 
- Alpha Modus is seeking **damages, injunctive relief**, and validation of its patent portfolio as part of a broader strategy to protect and monetize its intellectual property.  **[1356093_ed96910d72fd4e239d885f931f18177d_0]** **[1356093_ed96910d72fd4e239d885f931f18177d_1]**

CREATIVE REALITIES (CREX)