secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K/A
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0000908311-24-000053
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CMCT issues ~60.5M common shares to redeem Series A and A1 Preferred Stock
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- Issued 25,950,415 common shares for Series A Preferred and 29,958,074 for Series A1 Preferred on Sep 23, 2024.
- Additional issuance on Sep 24: 1,603,419 common for Series A and 3,015,179 for Series A1.
- Total common shares issued: ~60.5M to redeem ~4.8M preferred shares (both series combined).
- Redemption price determined by 20-day VWAP of common stock prior to each redemption date.
- Issuance exempt from SEC registration under Section 3(a)(9).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000053/0000908311-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000053/cmct-20240913.htm
  HTML page:      https://secwatch.observer/filing/0000908311-24-000053

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