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-0.12280701754386 -0.0244191559981033 -0.162636320531057 -0.353010905642485 -0.336178283546705 -0.272878141299194 -0.182076813655761 -0.229255571360835
Stock impact report

CMCT Announces Reverse Stock Split

Creative Media & Community Trust Corporation (CMCT) 
Last creative media & community trust corporation earnings: 3/16 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.cimcommercial.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT) (“we,” “our,” “CMCT” or the “Company”) announced today that its Board of Directors has approved a reverse stock split of CMCT common stock at a ratio of one-for-ten (the “Reverse Stock Split”). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Standard Time on January 6, 2025 (the “Effective Time”), and CMCT common stock will begin trading on the Nasdaq Global Market on a split-adjusted basis at market open that same day.At the Effective Time, every ten shares of CMCT common stock issued and outstanding immediately prior to the Effective Time will be combined into one issued and outstanding share of CMCT common stock. No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise hold a fractional share of CMCT common stock following the Reverse Stock Split will receive a cash payment in lieu of fractional shares ba Show less Read more
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