Creative Media & Community Trust Corporation effected a one-for-ten reverse stock split of its common stock on April 17, 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 April 17, 2026, reducing share count.
The par value of common stock increased from $0.001 to $0.01 per share immediately upon the split's effectiveness.
A second amendment effective at 11:59 p.m. ET on April 17, 2026 reverted the par value to $0.001 per share.
Stockholders entitled to fractional shares will receive cash in lieu of fractional shares based on the NASDAQ closing price.
The amendments were approved by the Board of Directors without stockholder action under Maryland law.