ACRES Commercial Realty Corp. — fact timeline

ACRES Commercial Realty Corp.: Decreased stock ownership limit from 9.8% to 4.34% (effective 2026-04-29).

“the Board of Directors of the Company approved, pursuant to Section 6.2.8 of the Company’s charter (the “Charter”), a decrease in the Stock Ownership Limit, as such term is defined therein, from 9.8% to 4.34% in value or in number of shares, whichever is more restrictive, of any class or series of shares of Capital Stock, as such term is defined therein, of the Company. On April 28, 2026, the Company filed an amendment to the Charter (the “Amendment”) reflecting the change in the Stock Ownership Limit with the State Department of Assessments and Taxation of Maryland, effective at 5:00 p.m. on April 29, 2026.”

ACRES Commercial Realty Corp. reported the quarter ended March 31, 2026 results: net income net loss allocable to common shares was $1.0 million or $(0.16) per share-diluted, EPS (0.16) per share-diluted.

“ACR’s GAAP net loss allocable to common shares was $1.0 million or $(0.16) per share-diluted, for the quarter ended March 31, 2026.”

ACRES Commercial Realty Corp. entered into Agreement and Plan of Merger with ACRES Capital Corp and ACRES Capital, LLC (effective 2026-04-29).

“On April 29, 2026, ACRES Commercial Realty Corp. (the “ Company ”) and ACRES Holdings Sub LLC (“ Merger Sub ”), a subsidiary of the Company, on the one hand, and ACRES Capital Corp (“ ACC ”) and ACRES Capital, LLC, a subsidiary of ACC and the external manager of the Company (the “ Manager ”), on the other hand, entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), pursuant to which ACC will be merged with and into Merger Sub, with Merger Sub surviving as a wholly-owned subsidiary of the Company (the “ Merger ”).”

Andrew Fentress was appointed as Managing Director – Capital Markets at ACRES Commercial Realty Corp..

“appointed Andrew Fentress as the Company’s Managing Director – Capital Markets”

ACRES Commercial Realty Corp. engaged PricewaterhouseCoopers LLP as its auditor.

“On April 27, 2026, the Audit Committee approved the engagement of PricewaterhouseCoopers LLP”

ACRES Commercial Realty Corp. dismissed Ernst & Young LLP as its auditor.

“(the “Company”) determined to dismiss Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective upon filing the Company’s Form 10-Q for the quarter ended March 31, 2026.”

ACRES Commercial Realty Corp. engaged EY as its auditor.

“the Audit Committee selected EY as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, effective upon filing the Form 10-Q for the quarter ended March 31, 2024.”

ACRES Commercial Realty Corp. engaged Ernst & Young LLP as its auditor.

“(b) Appointment of New Independent Registered Public Accounting Firm On April 23, 2024, the Audit Committee approved the engagement of Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, effective upon filing the Form 10-Q for the quarter ended March 31, 2024.”

ACRES Commercial Realty Corp. dismissed Grant Thornton LLP as its auditor.

“☐ Item 4.01 Changes in Registrant’s Certifying Accountant (a) Dismissal of Previous Independent Registered Public Accounting Firm On April 23, 2024, the Audit Committee (the “Audit Committee”) of the Board of Directors of ACRES Commercial Realty Corp. (the “Company”) determined to dismiss Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm, effective upon filing the Company’s Form 10-Q for the quarter ended March 31, 2024.”