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Creative Media uses stock to redeem preferred

Creative Media & Community Trust Corp (CMCT) reported unregistered issuances of Common Stock to redeem shares of its Series A1 and Series A Preferred Stock in lieu of cash on three dates in August and September 2026.

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
8-K

Rhea-AI Filing Summary

Creative Media & Community Trust Corp (CMCT) reported unregistered issuances of Common Stock to redeem shares of its Series A1 and Series A Preferred Stock in lieu of cash on three dates in August and September 2026. On August 19, 2026, the company issued 21,695 shares of Common Stock for 3,460 Series A1 Preferred shares and 63,826 shares of Common Stock for 10,204 Series A Preferred shares, including accrued and unpaid dividends. On August 26, 2026, it issued 645 shares of Common Stock for 120 Series A1 Preferred shares and 29,452 shares of Common Stock for 5,200 Series A Preferred shares. On September 2, 2026, it issued 28,320 shares of Common Stock for 5,481 Series A1 Preferred shares and 95,209 shares of Common Stock for 17,480 Series A Preferred shares. The conversion price for each date was based on the 20-trading-day VWAP and was approximately $3.98, $4.32 and $4.55 per share on August 19, August 26 and September 2, 2026, respectively.

Positive

  • None.

Negative

  • None.

Filing Explained

The completed redemptions exchanged preferred stock for common stock rather than cash; because those shares were issued, CMCT’s common-share count increased, reducing existing holders’ percentage ownership absent offsetting changes.

Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Common Stock issued for Series A1 (August 19, 2026) 21,695 shares Issued for redemption of 3,460 Series A1 Preferred shares including accrued and unpaid dividends
Common Stock issued for Series A (August 19, 2026) 63,826 shares Issued for redemption of 10,204 Series A Preferred shares including accrued and unpaid dividends
Common Stock issued for Series A1 (August 26, 2026) 645 shares Issued for redemption of 120 Series A1 Preferred shares including accrued and unpaid dividends
Common Stock issued for Series A (August 26, 2026) 29,452 shares Issued for redemption of 5,200 Series A Preferred shares including accrued and unpaid dividends
Common Stock issued for Series A1 (September 2, 2026) 28,320 shares Issued for redemption of 5,481 Series A1 Preferred shares including accrued and unpaid dividends
Common Stock issued for Series A (September 2, 2026) 95,209 shares Issued for redemption of 17,480 Series A Preferred shares including accrued and unpaid dividends
Conversion price August 19, 2026 $3.98 per share Based on 20-trading-day VWAP prior to August 19, 2026
Conversion prices August 26 and September 2, 2026 $4.32 and $4.55 per share Based on 20-trading-day VWAP prior to August 26 and September 2, 2026
unregistered sale of equity securities regulatory
"02 Unregistered Sale of Equity Securities. On August 19, 2026,"
VWAP financial
"The conversion price was based on the VWAP of the Common Stock"
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.
accrued and unpaid dividends financial
"shares of Series A Preferred Stock, respectively, including accrued and unpaid dividends."
Accrued and unpaid dividends are dividend payments that a company has declared or owes to shareholders but has not yet actually paid out. For investors this matters because it represents cash they expect to receive—like a paycheck that’s been earned but not yet issued—and signals the company’s payment priorities and short-term cash health, which can affect shareholder returns and claims in cases like restructuring.
redemptions financial
"Such redemptions were requested by the holders of 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.
Preferred Stock financial
"Series A1 Preferred Stock and Series A Preferred Stock"
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

FAQ

What did CMCT disclose about unregistered equity transactions in this 8-K?
CMCT disclosed that it issued Common Stock in unregistered transactions to redeem shares of its Series A1 and Series A Preferred Stock on August 19, August 26 and September 2, 2026, paying the redemption price and accrued dividends in stock instead of cash.

How many CMCT common shares were issued for Series A1 Preferred redemptions?
CMCT issued 21,695 common shares on August 19, 2026, 645 on August 26, 2026, and 28,320 on September 2, 2026, in respect of redemptions of 3,460, 120 and 5,481 Series A1 Preferred shares, respectively, including accrued and unpaid dividends.

How many CMCT common shares were issued for Series A Preferred redemptions?
CMCT issued 63,826 common shares on August 19, 2026, 29,452 on August 26, 2026, and 95,209 on September 2, 2026, in respect of redemptions of 10,204, 5,200 and 17,480 Series A Preferred shares, respectively, including accrued and unpaid dividends.

What conversion prices did CMCT use for these preferred redemptions?
The conversion price was based on the 20-trading-day VWAP of CMCT’s Common Stock before each redemption date and was approximately $3.98 per share on August 19, $4.32 on August 26 and $4.55 on September 2, 2026.

Who initiated the CMCT preferred stock redemptions?
The redemptions of CMCT’s Series A1 Preferred Stock and Series A Preferred Stock were requested by the holders of those preferred shares, and CMCT satisfied the redemption amounts and dividends by issuing Common Stock.

Were CMCT’s common stock issuances registered with the SEC?
No. CMCT characterized these issuances of Common Stock for preferred stock redemptions as an unregistered sale of equity securities under the applicable disclosure item.

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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 2, 2026
Commission File Number 1-13610
CREATIVE MEDIA & COMMUNITY TRUST CORPORATION
(Exact name of registrant as specified in its charter)
Maryland75-6446078
(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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 Par ValueCMCT
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 August 19, 2026, August 26, 2026 and September 2, 2026, Creative Media & Community Trust Corporation (the “Company”) issued 21,695, 645 and 28,320 shares of Common Stock, par value $0.001 (“Common Stock”), respectively, 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 3,460, 120 and 5,481 shares of Series A1 Preferred Stock, respectively, including accrued and unpaid dividends.

On August 19, 2026, August 26, 2026 and September 2, 2026, the Company issued 63,826, 29,452 and 95,209 shares of Common Stock, respectively, 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 10,204, 5,200 and 17,480 shares of Series A Preferred Stock, respectively, 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 August 19, 2026, August 26, 2026 and September 2, 2026, and amounted to approximately $3.98, $4.32 and $4.55 per share, respectively.


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 4, 2026By:
/s/ Brandon Hill
Brandon Hill
Chief Financial Officer and Treasurer

Source: View Original Filing on SEC EDGAR

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