Role
10%+ Owner
Signature
/s/ North Run Strategic Opportunities Fund I, LP, By: Thomas B. Ellis, Member of GP
Issuer symbol
CREX
Transactions as of
06 Nov 2025
Net transactions value
$0
Form type
3
Filing time
09 Jan 2026, 17:54:32 UTC
Previous filing
07 Mar 2025
Next filing
07 Jan 2026

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
North Run Strategic Opportunities Fund I, LP 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ North Run Strategic Opportunities Fund I, LP, By: Thomas B. Ellis, Member of GP 09 Jan 2026 0002052913
North Run Strategic Opportunities Fund I GP, LLC 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ North Run Strategic Opportunities Fund I GP, LLC, By: Thomas B. Ellis, Member 09 Jan 2026 0002058804
NR-SOF I (Co-Invest I), LP 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ NR-SOF I (Co-Invest I), LP, By: Thomas B. Ellis, Member of GP 09 Jan 2026 0002097542
ELLIS THOMAS B Director, 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ Thomas B. Ellis 09 Jan 2026 0001283774
HAMMER TODD B 10%+ Owner 867 BOYLSTON STREET, 5TH FLOOR #1361, BOSTON /s/ Todd B. Hammer 09 Jan 2026 0001283775

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CREX Series A Convertible Preferred Stock 06 Nov 2025 Common Stock 10,000,001 $3.00 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities consist of 25,000 shares of Series A Convertible Preferred Stock ("Preferred Stock" directly held by North Run Strategic Opportunities Fund I, LP ("NR-SOF") and 5,000 shares of Preferred Stock NR-SOF I (Co-Invest I), LP ("NR Co-Invest"), and may be deemed to be indirectly beneficially owned by North Run Strategic Opportunities Fund I GP, LLC ("NR GP") as the general partner of NR-SOF and NR Co-Invest. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of NR GP. Each share of preferred stock has a stated value of $1,000 and a conversion price at issuance of $3.00.
F2 The Series A Convertible Preferred Stock has no expiration date and is convertible at any time at the option of the holder, subject to blocker provisions that prevents conversion into shares of Common Stock of the Issuer if the reporting person, together with its affiliates, would beneficially own more than 19.99% of the Common Stock following such conversion and that prevent conversion to the extent that all shares of Common Stock issued upon conversion of shares of Series A Convertible Preferred Stock would exceed 2,102,734.
F3 North Run Strategic Opportunities Fund I GP, LLC, North Run GP, LP, North Run Advisors, LLC, Thomas B. Ellis, Todd B. Hammer and Michael Bosco disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein, and this report shall not be deemed an admission that any of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Each of NR-SOF, NR Co-Invest, and NR GP may be deemed to be a director by deputization for purposes of Section 16 under the Securities and Exchange Act of 1934, as amended, by virtue of the fact that Thomas B. Ellis, a member of NR GP, currently serves on the board of directors of the Issuer. Exhibit List: Exhibit 24.1 – Power of Attorney for Thomas B. Ellis