CMCT (CMCT) Announces 1:20 Reverse Share Split
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CMCT Announces Reverse Stock Split
April 10, 2025 8:00 AM EDTDALLAS--(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 and stockholders have approved a reverse stock split of CMCTs common stock by a ratio of one-for-twenty-five (the Reverse Stock Split). The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on April 15, 2025 (the Effective Time), and CMCTs common stock is expected to begin trading on the Nasdaq Global Market on a split-adjusted basis at market open that same day.
At the Effective Time, every twenty-five... More
