Creative Media & Community Trust Corp 8-K filed 2026-09-10

Creative Media & Community Trust Corporation, a Maryland incorporated real estate investment trust that trades on Nasdaq as CMCT and files from a Dallas, Texas business address, filed an 8-K on September 10, 2026 under Item 3.02, Unregistered Sale of Equity Securities. The filing reports that on September 9, 2026 the company settled preferred stock redemptions by issuing common stock rather than paying cash. Two issuances are described. The company issued 7,477 shares of common stock, par value $0.001, in respect of the redemption of 1,388 shares of Series A1 Preferred Stock, including accrued and unpaid dividends. It separately issued 23,078 shares of common stock in respect of the redemption of 4,087 shares of Series A Preferred Stock, including accrued and unpaid dividends. The filing states that the holders of the Series A1 and Series A Preferred Stock requested these redemptions, and that the conversion price was based on the volume weighted average price of the common stock over the 20 trading days immediately preceding the September 9, 2026 redemption date, amounting to approximately $4.35 per share. The forward looking detail is the part an analyst would mark. As of September 10, 2026 the company says it has received outstanding redemption requests covering approximately 12,217 shares of Series A1 Preferred Stock and 9,906 shares of Series A Preferred Stock. Those are substantially larger than the blocks just settled. The company states it may elect to redeem them in common stock or in cash at its own discretion, and that if it elects common stock it will do so as soon as practical after it opens its next trading window under its Insider Trading Policy. The filing was signed by Brandon Hill, Chief Financial Officer and Treasurer. What the record does not provide is context for sizing the effect. There is no total shares outstanding figure, no dilution percentage, no statement of the cash the company conserved by paying in stock, and no explanation of why holders are requesting redemption or at what pace. The exemption relied on for the unregistered issuance is not in the filing text provided, and no financial statements accompany this excerpt. The company was formerly named CIM Commercial Trust Corp and, before that, PMC Commercial Trust /TX, and it reports as a non-accelerated filer and smaller reporting company.