other material
confidence high
sentiment neutral
materiality 0.60
CMCT shareholders approve 1-for-25 reverse stock split at special meeting
Creative Media & Community Trust Corp
- Proposal approved with 8,344,683 for, 665,696 against, 61,621 abstain; no broker non-votes.
- Reverse stock split ratio of 1:25; effective once Articles of Amendment accepted by Maryland.
- Special meeting held April 3, 2025; quorum of 9,072,000 shares present out of 13,270,164 outstanding.
- Amendment to charter to effect reverse split; company will provide effective date after state filing.