January 2nd (Eastern Time) - $Creative Media & Community Trust (CMCT.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 6th, 2025.
$Creative Media & Community Trust (CMCT.US)$ rose 39.41% and closed at $0.225 on December 31st with a turnover of $8.12 million. $Creative Media & Community Trust (CMCT.US)$ now has a total market capitalization of $19.5 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.