Creative Media & Community Trust Corporation (CMCT) announced that its Board of Directors and stockholders have approved a reverse stock split of CMCT’s common stock by a ratio of one-for-twenty-five. This follows a previous 1-for-10 reverse split announced in January 2025.
The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on April 15, 2025. CMCT’s common stock is anticipated to begin trading on the Nasdaq Global Market on a split-adjusted basis at market open on the same day.
Stockholders who would otherwise hold a fractional share will receive a cash payment based on the closing price on April 15, 2025. This corporate action aims to adjust the company's share structure.
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