Creative Media & Community Trust Approves 1-for-10 Reverse Stock Split
Creative Media & Community Trust announced 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 is expected to become effective at 12:01 a.m. Eastern Time on April 20, and CMCT's common stock is expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis at market open on April 20. The trading symbol of CMCT common stock on the Nasdaq Global Market will remain "CMCT." CMCT common stock has been assigned a new CUSIP number of 12564W219 that will be effective upon completion of the Reverse Stock Split at the Effective Time.
