CMCT board rejects Negari's $8.88/share bid; says affiliates with 43% stake won't sell at that price

Creative Media & Community Trust Corp

Board requests Negari provide financing details after his initial proposal lacked proof of funding.
Acquiring CMCT would require over $1B in cash to pay down debt and redeem preferred stock.
Affiliates of CIM Group, owning 43% of shares, said they would not sell at or below NAV, which is materially above $8.88.

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.