secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0000908311-24-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT reports Q3 net loss $34.8M; receives Nasdaq delisting notice for bid price below $1.00
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- Net loss attributable to common stockholders of $34.8M ($1.22 per diluted share) vs $22.9M loss in Q3 2023.
- FFO attributable to common stockholders was $(28.4)M ($(1.00) per share); Core FFO $(11.5)M ($(0.40) per share.
- Nasdaq notified CMCT that its common stock bid price closed below $1.00 for 30 consecutive days; 180-day cure period until May 6, 2025.
- CEO announced advanced stages of refinancing several assets to repay corporate credit facility; focus shift to premier multifamily.
- Redeemed 2.6M Series A1 and 2.2M Series A preferred shares for common stock; suspended Series A1 offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000062/0000908311-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000062/cmct-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000908311-24-000062

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