Creative Media & Community Trust (NASDAQ: CMCT) swaps common stock for preferred

Rhea-AI Filing Summary

Creative Media & Community Trust Corporation issued new common shares to redeem two series of preferred stock at holders’ request. On December 11, 2025 the company issued 62,895 shares of common stock for the redemption of 20,238 shares of Series A1 Preferred Stock, including accrued and unpaid dividends. The same day it issued 94,884 common shares for the redemption of 28,510 shares of Series A Preferred Stock, also including accrued and unpaid dividends.

The redemptions were settled in stock instead of cash, with the conversion price based on the volume-weighted average price of the common stock over the 20 trading days before the December 10, 2025 redemption date, which was approximately $7.58 per share.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 11, 2025

Commission File Number 1-13610

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

(Exact name of registrant as specified in its charter)

Maryland

75-6446078

(State or Other Jurisdiction of Incorporation or Organization)

(I.R.S. Employer Identification No.)

5956 Sherry Lane, Suite 700, Dallas, TX 75225

(972) 349-3200

(Address of Principal Executive Offices)

(Registrant's telephone number)

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 Par Value

CMCT

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 3.02    Unregistered Sale of Equity Securities.

On December 11, 2025, Creative Media & Community Trust Corporation (the “Company”) issued 62,895 shares of Common Stock in respect of redemptions of the Company’s Series A1 Preferred Stock, par value $0.001 (the “Series A1 Preferred Stock”), in lieu of cash payment for the redemption of 20,238 shares of Series A1 Preferred Stock, including accrued and unpaid dividends.

On December 11, 2025, the Company issued 94,884 shares of Common Stock in respect of redemptions of the Company’s Series A Preferred Stock, par value $0.001 (the “Series A Preferred Stock”), in lieu of cash payment for the redemption of 28,510 shares of Series A Preferred Stock, including accrued and unpaid dividends.

Such redemptions were requested by the holders of Series A1 Preferred Stock and Series A Preferred Stock. The conversion price was based on the VWAP of the Common Stock for the 20 Trading Days immediately preceding each redemption date (with each such term as defined in the Company’s charter) of December 10, 2025 and amounted to approximately $7.58 per share.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

Dated: December 12, 2025

By:

/s/ Barry N. Berlin Barry N. Berlin Chief Financial Officer

FAQ

What preferred stock action did Creative Media & Community Trust (CMCT) report?

Creative Media & Community Trust reported that on December 11, 2025 it redeemed shares of its Series A1 Preferred Stock and Series A Preferred Stock by issuing new shares of its common stock to the preferred holders.

How many CMCT common shares were issued for Series A1 Preferred Stock redemptions?

The company issued 62,895 shares of common stock to redeem 20,238 shares of Series A1 Preferred Stock, including accrued and unpaid dividends.

How many CMCT common shares were issued for Series A Preferred Stock redemptions?

The company issued 94,884 shares of common stock to redeem 28,510 shares of Series A Preferred Stock, including accrued and unpaid dividends.

What conversion price was used for the CMCT preferred stock redemptions?

The conversion price for issuing common stock in the preferred redemptions was based on the VWAP of the common stock for the 20 trading days immediately before the December 10, 2025 redemption date and was approximately $7.58 per share.

Why did CMCT issue common stock instead of paying cash for the preferred redemptions?

The company states that the common shares were issued in lieu of cash payment for the redemption of the preferred shares, including accrued and unpaid dividends, in connection with redemptions requested by the preferred holders.

Were the CMCT common shares issued in a registered offering?

No. The transaction is described under Item 3.02, Unregistered Sale of Equity Securities, indicating the common shares were issued in an unregistered sale of equity securities.