09:29 AM EST, 12/31/2024 (MT Newswires) -- An offer by Steel Partners Holdings' ( SPLP ) and Camac Partners to acquire all remaining shares of CreateAI shares for $0.46 per share was rejected by the artificial intelligence technology company's board of directors, CreateAI said Tuesday.

CreateAI said its board rejected the offer as it does not reflect the company's fair market value and is not in the best interests of the company or its stockholders.