Creative Media & Community Trust Corp 8-K

What Happened

• Creative Media & Community Trust Corporation (CMCT) filed an 8-K (Item 5.03) disclosing two charter amendments to effect a one-for-ten reverse stock split of its common stock. The first amendment became effective at 11:58 p.m. Eastern Time on March 25, 2026, combining every ten shares of common stock into one share. The amendments were filed with the Maryland State Department of Assessments and Taxation and the Form 8-K was dated March 31, 2026.

Key Details

• Reverse split ratio: 1-for-10 (every 10 shares → 1 share).
• Effective time for the reverse split: 11:58 p.m. ET on March 25, 2026.
• Par value adjustments: after the first amendment the post-split par value was stated as $0.01 per share; a second amendment (effective 11:59 p.m. ET on March 25, 2026) reverted the par value of issued and outstanding common stock back to $0.001 per share.
• The amendments and related documents are filed as exhibits to the Form 8-K.

Why It Matters

• The reverse stock split reduces the number of outstanding shares by a factor of ten while leaving each shareholder’s proportional ownership percentage unchanged (one post-split share for each ten pre-split shares). This is a corporate action that can affect per-share metrics (e.g., earnings per share) and the reported share count; it does not, by itself, change the company’s aggregate market value. The par value changes recorded in the two amendments are technical charter adjustments described in the filing.