Creative Medical Technology Holdings, Inc. entered into inducement letters with warrant holders to reduce the exercise price of 2,790,340 existing warrants from $2.86 to $1.60 per share, generating approximately $4.5 million in gross proceeds. In exchange, the company issued 5,580,680 new inducement warrants at an exercise price of $1.60 per share. The company plans to use the net proceeds for working capital and general corporate purposes. Creative Medical Technology is a medical technology company providing medical devices and services.