Creative Media redeems preferred for stock at $4.35

CMCT redeemed preferred shares using newly issued common stock at a VWAP-based price and may satisfy additional redemption requests in stock or cash.

Rhea-AI Filing Summary

Creative Media & Community Trust Corp (CMCT) reported that on September 9, 2026 it issued 7,477 shares of Common Stock to redeem 1,388 shares of Series A1 Preferred Stock and 23,078 shares of Common Stock to redeem 4,087 shares of Series A Preferred Stock, in each case in lieu of cash, including accrued and unpaid dividends. The conversion price for these stock redemptions was based on the 20‑day VWAP and was approximately $4.35 per share. As of September 10, 2026, holders have requested redemption of about 12,217 additional Series A1 Preferred and 9,906 additional Series A Preferred shares, which the company may satisfy in Common Stock or cash at its discretion, with any stock redemptions occurring after its next trading window opens under its Insider Trading Policy.

Filing Explained

The September 9 redemptions are complete and added 7,477 and 23,078 Common Stock shares; absent offsetting changes, that larger share count reduces each existing holder’s percentage ownership, while further requests are not yet committed to stock.

8-K Event Classification

Item 3.02 — Unregistered Sales of Equity Securities

1 item

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Key Figures

Common Stock issued for Series A1 Preferred redemptions: 7,477 shares Common Stock issued for Series A Preferred redemptions: 23,078 shares Series A1 Preferred shares redeemed: 1,388 shares +4 more

7 metrics

Common Stock issued for Series A1 Preferred redemptions 7,477 shares Issued on September 9, 2026 in lieu of cash for Series A1 Preferred redemptions

Common Stock issued for Series A Preferred redemptions 23,078 shares Issued on September 9, 2026 in lieu of cash for Series A Preferred redemptions

Series A1 Preferred shares redeemed 1,388 shares Redeemed on September 9, 2026 into Common Stock including accrued and unpaid dividends

Series A Preferred shares redeemed 4,087 shares Redeemed on September 9, 2026 into Common Stock including accrued and unpaid dividends

Conversion price $4.35 per share Based on 20 trading day VWAP immediately preceding September 9, 2026

Outstanding Series A1 Preferred redemption requests 12,217 shares Outstanding as of September 10, 2026

Outstanding Series A Preferred redemption requests 9,906 shares Outstanding as of September 10, 2026

Key Terms

VWAP, redemptions, Insider Trading Policy, Emerging growth company

4 terms

VWAP financial

"The conversion price was based on the VWAP of the Common Stock for the 20 Trading Days"

VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.

redemptions financial

"in respect of redemptions of the Company’s Series A1 Preferred Stock"

Redemptions are the act of returning an investment to the issuer or fund in exchange for cash, such as when investors cash out shares in a mutual fund, preferred stock, or when a bond reaches maturity and is paid back. For investors this matters because redemptions change how much cash a company or fund must pay out and can shrink a fund’s size or pressure a company’s liquidity, affecting prices and future yield like many people trying to withdraw money from a single ATM at once.

Insider Trading Policy regulatory

"after the Company opens its next trading window in accordance with its Insider Trading Policy"

A written set of rules that tells employees, executives and board members what information they may not use to buy or sell a company's stock and when trading is allowed. Think of it as a playbook or house rules that prevent people with secret knowledge from getting an unfair advantage; it matters to investors because it helps protect fair markets, preserves trust in management, and reduces the risk of legal penalties that can hurt a company’s value.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity transaction did CMCT disclose on September 9, 2026?

CMCT issued 7,477 Common shares for redemptions of Series A1 Preferred and 23,078 Common shares for redemptions of Series A Preferred, in each case in lieu of cash and including accrued and unpaid dividends, based on a VWAP-derived price.

What was the effective conversion price for CMCT’s preferred share redemptions?

The conversion price for CMCT’s preferred redemptions was approximately $4.35 per Common share, calculated from the volume-weighted average price of the Common Stock over the 20 trading days immediately preceding September 9, 2026.

How many preferred shares did CMCT redeem into common stock?

CMCT redeemed 1,388 shares of Series A1 Preferred and 4,087 shares of Series A Preferred into Common Stock, with the consideration paid in shares rather than cash and including accrued and unpaid dividends on those preferred shares.

What additional preferred redemption requests are outstanding at CMCT?

As of September 10, 2026, CMCT has outstanding redemption requests for about 12,217 Series A1 Preferred shares and 9,906 Series A Preferred shares. The company may redeem these in Common Stock or cash, at its discretion.

When might CMCT issue more common stock for preferred redemptions?

If CMCT chooses to redeem the outstanding preferred shares in Common Stock, it plans to do so as soon as practical after it opens its next trading window in accordance with its Insider Trading Policy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): September 9, 2026

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.)

4700 Wilshire Boulevard, Los Angeles, CA 90010

(866) 242-1266

(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 September 9, 2026, Creative Media & Community Trust Corporation (the “Company”) issued 7,477 shares of Common Stock, par value $0.001 (“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 1,388 shares of Series A1 Preferred Stock, including accrued and unpaid dividends.

On September 9, 2026, the Company issued 23,078 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 4,087 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 (with each such term as defined in the Company’s charter) immediately preceding the redemption date of September 9, 2026, and amounted to approximately $4.35 per share.

As of September 10, 2026, the Company has received outstanding redemption requests from the holders of Series A1 Preferred Stock and Series A Preferred Stock, with respect to approximately 12,217 shares and 9,906 shares of Series A1 Preferred Stock and Series A Preferred Stock, respectively, which the Company may elect to redeem in shares of Common Stock or cash, at the Company’s discretion. If the Company elects to redeem in shares of Common Stock, it will do so as soon as practical after the Company opens its next trading window in accordance with its Insider Trading Policy.

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: September 10, 2026

By:

/s/ Brandon Hill Brandon Hill Chief Financial Officer and Treasurer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.2 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 17.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 30.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 18.2 KB