Creative Media & Community Trust Corp. Reports Unregistered Equity Sale

TL;DR

CMCT sold unregistered stock on 12/18/24 - details TBD.

AI Summary

On December 18, 2024, Creative Media & Community Trust Corp. reported an unregistered sale of equity securities. The filing does not disclose specific details regarding the number of shares sold, the price per share, or the total dollar amount of the transaction.

Why It Matters

This filing indicates a transaction involving the company's equity that was not registered with the SEC, which could have implications for investors regarding transparency and regulatory compliance.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes indicate a need for capital or specific strategic transactions, and a lack of immediate detail warrants caution.

Key Players & Entities

• Creative Media & Community Trust Corp. (company) — Registrant
• December 18, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 Par Value CMCT Nasdaq Global Market C

Filing Documents

• cmct-20241218.htm (8-K) — 29KB
• 0000908311-24-000074.txt ( ) — 207KB
• cmct-20241218.xsd (EX-101.SCH) — 3KB
• cmct-20241218_def.xml (EX-101.DEF) — 18KB
• cmct-20241218_lab.xml (EX-101.LAB) — 32KB
• cmct-20241218_pre.xml (EX-101.PRE) — 19KB
• cmct-20241218_htm.xml (XML) — 5KB

02 Unregistered Sale of Equity Securities

Item 3.02 Unregistered Sale of Equity Securities. On December 10, 2024, Creative Media & Community Trust Corporation (the "Company") issued 367,069 shares of Common Stock in respect of redemptions of Company's Series A1 Preferred Stock, par value $0.001 (the "Series A1 Preferred Stock"), in lieu of cash payment for the redemption of 4,000 shares of Series A1 Preferred Stock. Such redemptions were requested by the holders of Series A1 Preferred Stock based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding each redemption date (with each such term as defined in the Company's charter). On December 18, 2024, the Company issued 4,658,333 shares of Common Stock in respect of redemptions of Company's Series A1 Preferred Stock, in lieu of cash payment for the redemption of 46,149 shares of Series A1 Preferred Stock. Such redemptions were requested by the holders of Series A1 Preferred Stock based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding each redemption date. Additionally, on December 18, 2024, the Company issued 3,072,728 shares of Common Stock in respect of redemptions of Company's Series A Preferred Stock, par value $0.001 (the "Series A Preferred Stock"), in lieu of cash payment for the redemption of 29,542 shares of Series A Preferred Stock. Such redemptions were requested by the holders of Series A Preferred Stock based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding each redemption date. On December 19, 2024, the Company issued 2,529,356 shares of Common Stock in respect of redemptions of Company's Series A1 Preferred Stock, in lieu of cash payment for the redemption of 25,061 shares of Series A1 Preferred Stock. Such redemptions were requested by the holders of Series A1 Preferred Stock based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding each redemption date. Additionally, on December 19, 2024, the Company issued 3,614,078 shares of Common

View Full Filing

View this 8-K filing on SEC EDGAR