- CMCT said it will implement a 1-for-10 reverse stock split of its common stock, approved at a special meeting on October 16, 2025.
- The reverse split is expected to take effect at 12:01 a.m. ET on March 26, 2026, with trading on a split-adjusted basis expected to begin at market open the same day.
- At the effective time, each 10 issued and outstanding shares will be combined into 1 share.
- Fractional shares will not be issued, and holders otherwise entitled to a fractional share will receive cash in lieu of fractional shares.
- A new CUSIP, 12564W227, is expected to become effective upon completion of the reverse stock split.
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