CMCT to transfer listing to Nasdaq Capital Market and effect 1-for-25 reverse stock split

the Company filed two amendments to its charter (each, an “Amendment” and collectively, the “Amendments”) with the State Department of Assessments and Taxation of Maryland, to effectuate a one-for-twenty-five reverse stock split (the “Reverse Stock Split”) of the Common Stock. Pursuant to the first Amendment, effective as of 12:01 am Eastern Standard Time on April 15, 2025 (the “Effective Time”), every twenty-five shares of Common Stock, issued and outstanding immediately prior to the Effective Time will be automatically combined into one issued and outstanding share of common stock, par value $0.025 per share. The second Amendment, effective as of 12:02 am Eastern Standard Time on April 15, 2025, will revert the par value of the Company’s issued and outstanding common stock to $0.001 per share.