Creative Media & Community Trust Corp

Creative Media & Community Trust Corporation announced its 2026 Annual Meeting of Stockholders will be held virtually on July 30, 2026. Stockholders of record as of June 8, 2026, are invited to vote on several key proposals. These include the election of seven directors, an advisory vote on executive compensation, the ratification of Deloitte & Touche LLP as the independent auditor, and the approval of the 2026 Equity Incentive Plan, which authorizes 250,000 shares for equity awards.

Creative Media & Community Trust Corporation issued common stock on May 12, May 28, and June 15, 2026, in lieu of cash for the redemption of Series A1 and Series A Preferred Stock. These redemptions were requested by preferred stockholders. The conversion price for the common stock was based on the 20-trading day VWAP preceding each redemption date, ranging from approximately $4.30 to $6.36 per share.

Creative Media & Community Trust Corp reported a significant increase in net loss attributable to common stockholders for Q1 2026, reaching $(34.695) million, up from $(11.898) million in Q1 2025. Total revenues declined by 9% to $29.417 million. The company also completed two 1-for-10 reverse stock splits in March and April 2026, and voluntarily delisted its Common Stock from the Tel Aviv Stock Exchange in August 2025. Net cash used in operating activities was $(25.991) million for the quarter.

Creative Media & Community Trust Corporation reported a net loss of $(34.7) million, or $(70.52) per diluted share, and FFO of $(28.8) million, or $(58.47) per diluted share, for Q1 2026. The company completed the sale of its lending business for approximately $44.9 million and redeemed $242.8 million of Preferred Stock, significantly improving its balance sheet and liquidity. Operating trends showed improvement in the multifamily portfolio, with occupancy rising to 91.4%.

Creative Media & Community Trust Corp (CMCT) filed an Amendment No. 1 on Form 10-K/A to provide previously omitted information for Items 10-14 of Part III, covering directors, executive officers, corporate governance, and executive compensation for the year ended December 31, 2025. The filing also disclosed that the company effected two 1-for-10 reverse stock splits on its Common Stock in March and April 2026. Additionally, Barry N. Berlin resigned as CFO in January 2026, and Brandon Hill was appointed as his successor.

Creative Media & Community Trust Corp (CMCT) filed Amendment No. 1 to its Annual Report on Form 10-K for the year ended December 31, 2025, to include previously omitted information for Items 10 through 14 of Part III. This amendment details the company's directors, executive officers, corporate governance practices, and executive compensation. Additionally, the filing notes that the company effected two 1-for-10 reverse stock splits on March 26, 2026, and April 20, 2026, respectively. The amendment also provides details on the resignation and severance package of former CFO Barry N. Berlin.

Creative Media & Community Trust Corporation (CMCT) has completed a one-for-ten reverse stock split of its common stock. This corporate action, which consolidates every ten existing shares into one, became effective on April 17, 2026, at 11:58 pm Eastern Time. The company also adjusted the par value of its common stock back to $0.001 per share immediately following the split.