secwatch.observer — SEC 8-K summary
======================================

Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000908311-24-000049
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CMCT redeems ~4.8M preferred shares, to issue common stock in Series A/A1 redemptions
--------------------------------------------------------------------------------

- Redemption of approx. 2.2M shares of Series A Preferred and approx. 2.6M shares of Series A1 Preferred.
- Redemption price to be paid in shares of common stock; exact number based on 20-day VWAP before redemption date.
- Issuance of common stock exempt from registration under Securities Act Section 3(a)(9).
- Common shares issuable not currently determinable due to VWAP calculation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000049/0000908311-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000049/cmct-20240913.htm
  HTML page:      https://secwatch.observer/filing/0000908311-24-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer