Creative Media & Community Trust Issues Common Stock for Preferred Share Redemptions
Creative Media & Community Trust Corporation has announced the issuance of a total of 157,779 shares of Common Stock in connection with the redemption of its Series A1 and Series A Preferred Stock. The company issued 62,895 shares for the redemption of 20,238 shares of Series A1 Preferred Stock and 94,884 shares for the redemption of 28,510 shares of Series A Preferred Stock. These redemptions were made at the request of the holders and were settled in shares of Common Stock, in lieu of cash, including accrued and unpaid dividends. The conversion price was approximately $7.58 per share, based on the volume-weighted average price over the 20 trading days preceding the redemption date. The issuance was conducted as an unregistered sale of equity securities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Creative Media & Community Trust Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000908311-25-000100), on December 12, 2025, and is solely responsible for the information contained therein.
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