FX.co ★ CMCT Announces One-For-Ten Reverse Stock Split, Stock Up In Pre-Market

Creative Media & Community Trust Corp. (CMCT) announced on Thursday that it will implement a reverse stock split of its common stock at a one-for-ten ratio, set to take effect on January 6. This means that every ten shares of CMCT's currently issued and outstanding common stock will be consolidated into one share. In pre-market trading, CMCT's stock is listed at $0.29, showing an increase of 30.22 percent on the Nasdaq.