Creative Media & Community Trust reports one-for-twenty-five reverse stock split

Creative Media & Community Trust announced that its board of directors and stockholders have approved a reverse stock split of CMCT‘s common stock by a ratio of one-for-twenty-five. The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on April 15 and CMCT’s common stock is expected to begin trading on the Nasdaq Global Market on a split-adjusted basis at market open that same day.