Creative Realities, LLC and Wireless Ronin Technologies, Inc. (OTC: RNIN) said they have announced the successful completion of their merger, resulting in one of the largest and most innovative marketing technology solutions companies in the world.
Under the terms of the agreement, Creative Realities merged into a subsidiary of Wireless Ronin, with the sole equity holder of Creative Realities receiving approximately 59.2 percent of the outstanding shares of Wireless Ronin common stock.
In the transaction, Creative Realities´ sole equity holder also received warrants to acquire an additional 1.5 percent of Wireless Ronin´s common stock. The combined companies are now operating under the Creative Realities brand name and will trade on the OTC under the ticker symbol RNIN.
Paul Price, previously chief executive officer of Creative Realities has been named CEO of the combined company and will also serve as a director. Scott Koller, previously CEO of Wireless Ronin has been named president of the combined company, and John Walpuck, previously chief financial officer of Wireless Ronin has been named chief operating officer and CFO of the combined company. The combined company will be headquartered in New York, NY with operational facilities in Fairfield, NJ, Minneapolis, MN, Salt Lake City, UT, and Windsor, Ontario.
Creative Realities (www.cri.com) helps retailers and brands use the latest technologies to improve the shopping experience. Founded 16 years ago, the firm´s evolving client base has led to recognized leadership in marketing technology, consulting, design, and deployment.