Creative Media & Community Trust Corp 8-K

What Happened

• Creative Media & Community Trust Corporation (CMCT) announced the closing on January 21, 2026 of the sale of its indirect wholly owned subsidiary, First Western SBLC, LLC, to PG FR Holding, LLC. The transaction followed a Membership Interest Purchase Agreement dated November 6, 2025 and previously announced on November 12, 2025.

Key Details

• Buyer: PG FR Holding, LLC.
• Purchase price: approximately $44.9 million (net of the outstanding balance of debt related to a 2023 securitization), subject to adjustment.
• Net cash proceeds to CMCT at closing: approximately $31.2 million (after payment of other debt, transaction expenses and related matters).
• The membership interest purchase agreement is filed as Exhibit 2.1 to the Form 8-K; a related press release is filed as Exhibit 99.1. The company also provided required pro forma financial information.

Why It Matters

• The sale converts the subsidiary into immediate cash, improving CMCT’s liquidity by roughly $31.2 million at closing.
• It also removes the subsidiary’s assets and any related income or liabilities from CMCT’s consolidated results going forward, which may affect future revenue and balance sheet composition.
• Investors should note the purchase price was calculated net of securitization-related debt and is subject to adjustment; the company has filed related agreements and pro forma information for review.