---
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"
generated_at: "2026-05-15T10:01:50.090413+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# CMCT issues ~261M common shares in preferred stock redemptions, massive dilution

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-26-000021
- JSON: https://secwatch.observer/filing/0000908311-26-000021.json
- Plain text: https://secwatch.observer/filing/0000908311-26-000021.txt

## Key facts
- Equity Issuances
  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.
  - Security: common stock
  - Shares: 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
  - Purchaser: holders of Preferred Stock
  - Consideration: 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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/908311/000090831126000021/0000908311-26-000021-index.htm
- Equity Issuances
  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.
  - Security: common stock
  - Shares: 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
  - Purchaser: holders of Preferred Stock
  - Consideration: redemption of 88,250 shares of Series A Preferred Stock and 194,492 shares of Series A1 Preferred Stock
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/908311/000090831126000021/0000908311-26-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.