{"schema_version":"secwatch.filing_event.v1","accession":"0000908311-26-000021","form_type":"8-K/A","ticker":"CMCT","cik":"0000908311","company_name":"Creative Media & Community Trust Corp","filed_at":"2026-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.004097+00:00","generated_at":"2026-05-15T10:01:50.090413+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"CMCT issues ~261M common shares in preferred stock redemptions, massive dilution","bullets":["On March 12, 2026, issued 1,106,594 shares for Series A and 2,322,421 shares for Series A1 Preferred redemptions.","On March 16, 2026, issued 51,027,328 shares for Series A, 206,166,177 for Series A1, and 594,090 for Series D Preferred.","Total common shares issued: ~261.2M, based on 20-day VWAP per company charter.","Redemptions initiated by holders prior to March 5, 2026; notice given March 6, 2026.","Issuance exempt from registration under Securities Act Section 3(a)(9)."],"urls":{"canonical":"https://secwatch.observer/filing/0000908311-26-000021","json":"https://secwatch.observer/filing/0000908311-26-000021.json","markdown":"https://secwatch.observer/filing/0000908311-26-000021.md","text":"https://secwatch.observer/filing/0000908311-26-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908311/000090831126000021/0000908311-26-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908311/000090831126000021/cmct-20260312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T10:01:50.090413+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"45c51aaa194b97d238826ecfe39deb79d2267112","claim":"Creative Media & Community Trust Corp issued 51,027,328 shares of Common Stock in respect of redemptions of Series A Preferred Stock, 206,166,177 shares of Common Stock in respect of redemptions of Series of common stock to holders of Preferred Stock for redemption of 1,869,573 shares of Series A Preferred Stock, 7,539,638 shares of Series A1 Preferred Stock and 21,760 shares of Series D Preferred Stock.","evidence_excerpt":"On March 16, 2026, the Company arranged for the issuance of 51,027,328 shares of Common Stock in respect of redemptions of Series A Preferred Stock, 206,166,177 shares of Common Stock in respect of redemptions of Series A1 Preferred Stock and 594,090 shares of Common Stock in respect of redemptions of Series D Preferred Stock, in each case, based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding March 16, 2026.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/908311/000090831126000021/0000908311-26-000021-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"51,027,328 shares of Common Stock in respect of redemptions of Series A Preferred Stock, 206,166,177 shares of Common Stock in respect of redemptions of Series"},{"label":"Purchaser","value":"holders of Preferred Stock"},{"label":"Consideration","value":"redemption of 1,869,573 shares of Series A Preferred Stock, 7,539,638 shares of Series A1 Preferred Stock and 21,760 shares of Series D Preferred Stock"}],"fact_type":"equity_issuance"},{"claim_id":"c9defe4eae9c97d9d0e6d573cdc030a49c4e2088","claim":"Creative Media & Community Trust Corp issued 1,106,594 shares of Common Stock in respect of redemptions of Series A Preferred Stock and 2,322,421 shares of Common Stock in respect of redemptions of Series of common stock to holders of Preferred Stock for redemption of 88,250 shares of Series A Preferred Stock and 194,492 shares of Series A1 Preferred Stock.","evidence_excerpt":"On March 12, 2026, the Company arranged for the issuance of 1,106,594 shares of Common Stock in respect of redemptions of Series A Preferred Stock and 2,322,421 shares of Common Stock in respect of redemptions of Series A1 Preferred Stock, in each case, based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding March 12, 2026.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/908311/000090831126000021/0000908311-26-000021-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"1,106,594 shares of Common Stock in respect of redemptions of Series A Preferred Stock and 2,322,421 shares of Common Stock in respect of redemptions of Series"},{"label":"Purchaser","value":"holders of Preferred Stock"},{"label":"Consideration","value":"redemption of 88,250 shares of Series A Preferred Stock and 194,492 shares of Series A1 Preferred Stock"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}