Creative Media & Community Trust Corporation effected a one-for-ten reverse stock split of its common stock on March 25, 2026, automatically combining every ten shares into one share.
Key takeaways
A 1-for-10 reverse stock split was effective at 11:58 p.m. ET on March 25, 2026, reducing share count.
The par value of common stock temporarily increased to $0.01 per share as a result of the split.
A second amendment effective one minute later reverted the par value back to $0.001 per share.
No fractional shares will be issued; holders will receive cash for fractional shares based on the NASDAQ closing price.