CMCT Board unanimously rejects $8.88/share unsolicited takeover proposal from Daniel Negari

Creative Media & Community Trust Corp

Proposal received April 17, 2023 at $8.88 per common share from Daniel M. Negari.
Board determined proposal substantially undervalues CMCT and is not in best interests of shareholders.
Board found proposal not credible due to lack of committed financing for purchase price and debt/preferred obligations.
CMCT will continue executing its business plan to create long-term shareholder value.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.