# EDGAR Filing Document

**Accession Number:** 0001616224
**File Stem:** 0001193125-26-006801
**Filing Date:** 2026-1
**Character Count:** 28780
**Document Hash:** f9973a042d9923d466c3405f50101f92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-006801.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001193125-26-006801

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CREATIVE REALITIES, INC.
- **CENTRAL INDEX KEY:** 0001356093
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 411967918
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-82237
- **FILM NUMBER:** 26517151

**BUSINESS ADDRESS:**
- **STREET 1:** 13100 MAGISTERIAL DRIVE
- **STREET 2:** SUITE 102
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40223
- **BUSINESS PHONE:** 502-791-8800

**MAIL ADDRESS:**
- **STREET 1:** 13100 MAGISTERIAL DRIVE
- **STREET 2:** SUITE 102
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIRELESS RONIN TECHNOLOGIES INC
- **DATE OF NAME CHANGE:** 20060313
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Slipstream Funding, LLC
- **CENTRAL INDEX KEY:** 0001616224

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** C/O PEGASUS CAPITAL ADVISORS, L.P.
- **STREET 2:** 750 EAST MAIN STREET, SUITE 600
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902
- **BUSINESS PHONE:** 212.915.2490

**MAIL ADDRESS:**
- **STREET 1:** C/O PEGASUS CAPITAL ADVISORS, L.P.
- **STREET 2:** 750 EAST MAIN STREET, SUITE 600
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 7)**

**Creative Realities, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**97652A302**

*(CUSIP Number)*

**Pegasus Capital Advisors, L.P.**<br>750 East Main Street<br>Suite 600<br>Stamford CT 06902<br>(203) 869-4400

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**01/06/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Slipstream Funding, LLC** | Name of reporting person<br>**Slipstream Funding, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.00%** | Percent of class represented by amount in Row (11)<br>**0.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Slipstream Communications, LLC** | Name of reporting person<br>**Slipstream Communications, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**1A** | Citizenship or place of organization<br>**1A** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BCOM Holdings, LP** | Name of reporting person<br>**BCOM Holdings, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BCOM GP LLC** | Name of reporting person<br>**BCOM GP LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Business Services Holdings, LLC** | Name of reporting person<br>**Business Services Holdings, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pegasus Investors IV, L.P.** | Name of reporting person<br>**Pegasus Investors IV, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pegasus Investors IV GP, L.L.C.** | Name of reporting person<br>**Pegasus Investors IV GP, L.L.C.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pegasus Capital, LLC** | Name of reporting person<br>**Pegasus Capital, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CONNECTICUT** | Citizenship or place of organization<br>**CONNECTICUT** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** 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.

| **CUSIP No.** | **97652A302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Craig Cogut** | Name of reporting person<br>**Craig Cogut** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1731498.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1731498.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | Aggregate amount beneficially owned by each reporting person<br>**1731498.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.13%** | Percent of class represented by amount in Row (11)<br>**14.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** 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.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
Creative Realities, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
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.

**Item 5. Interest in Securities of the Issuer**

**(a)**
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.

**(b)**
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.

**(c)**
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.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Slipstream Funding, LLC

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Slipstream Communications, LLC

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** BCOM Holdings, LP

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President of its general partner BCOM GP LLC

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** BCOM GP LLC

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Business Services Holdings, LLC

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pegasus Investors IV, L.P.

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President of its general partner Pegasus Investors IV GP, L.L.C.

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pegasus Investors IV GP, L.L.C.

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, President

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pegasus Capital, LLC

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut, Managing Member

**Date:** 01/07/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Craig Cogut

**Signature:** /s/ Craig Cogut

**Name/Title:** Craig Cogut

**Date:** 01/07/2026