Item 5. Other Information
Item 5. Other Information
We have adopted an Insider Trading Policy governing the trading of our securities by the Company’s officers, directors, employees and certain employees of CIM Group, as well as the Company itself, that we believe is reasonably intended to promote compliance with insider trading laws, rules and regulations and the Nasdaq listing standards. A copy of our Insider Trading Policy is filed as Exhibit 19.1 to our Annual Report on Form 10-K for the year ended December 31, 2024.
None of our officers or directors had any contract, instruction, or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, in effect at any time during the three months ended March 31, 2025.
On May 8, 2025, the Company filed a notice with the Israel Securities Authority and the TASE voluntarily requesting to delist its Common Stock from trading on the TASE due to the relatively low amount of shares of the Company’s Common Stock that are trading on the TASE. Pursuant to Israeli law, the voluntary delisting of the Company’s Common Stock from the TASE is expected to take effect three months following the date of the Company’s notice of its intent to voluntarily delist its Common Stock. The Company’s common stock will continue to be listed for trading on the Nasdaq Capital Market.
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Item 6. Exhibits
Exhibit Number Exhibit Description
3.1
Creative Media & Community Trust Corporation Articles of Amendment (Reverse Stock Split) (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K filed with the SEC on January 13, 2025).
3.2
Creative Media & Community Trust Corporation Articles of Amendment (par value decrease) (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-K filed with the SEC on January 13, 2025).
10.1 Loan Agreement, dated as of December 27, 2024, by and among the Borrowers and the Lenders (incorporated by reference to Exhibit 10.1 to the Registrant’s Form 8-K filed with the SEC on January 2, 2025).
10.2
Guaranty of Recourse Obligations, dated as of December 27, 2024, by the Company and CIM Guarantor for the benefit of the Lenders (incorporated by reference to Exhibit 10.2 to the Registrant’s Form 8-K filed with the SEC on January 2, 2025).
10.3
Environmental Indemnity Agreement, dated as of December 27, 2024, by the Borrowers and the Company for the benefit of the Lenders (incorporated by reference to Exhibit 10.3 to the Registrant’s Form 8-K filed with the SEC on January 2, 2025).
10.4
Fourth Modification Agreement, dated as of January 31, 2025, by and among 1130 HOWARD (SF) OWNER, L.P., a Delaware limited partnership, CIM URBAN REIT PROPERTIES IX, L.P., a Delaware limited partnership, and TWO KAISER PLAZA (OAKLAND) OWNER, LLC, a Delaware limited liability company, the lenders from time to time party to the Credit Agreement, and JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent for the Lenders (incorporated by reference to Exhibit 10.1 to the Registrant’s Form 8-K filed with the SEC on February 12, 2025).
10.5
Lease Agreement dated as of June 29, 2009, as amended by a First Amendment to Lease, dated as of June 15, 2012; a Second Amendment to Lease, dated as of December 16, 2013; a Third Amendment to Lease, dated as of July 8, 2015; a Fourth Amendment to Lease, dated as of November 18, 2015; a Fifth Amendment to Lease dated as of March 5, 2024; and a Sixth Amendment to Lease dated as of January 8, 2025.
*31.1 Section 302 Officer Certification—Chief Executive Officer.
*31.2 Section 302 Officer Certification—Chief Financial Officer.
*32.1 Section 906 Officer Certification—Chief Executive Officer.
*32.2 Section 906 Officer Certification—Chief Financial Officer.
*101.INS XBRL Instance Document — the instance document does not appear in the interactive data files because its XBRL on the Interactive Data File because its XBRL tags are embedded within the inline XBRL document
*101.SCH XBRL Taxonomy Extension Schema Document
*101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
*101.DEF XBRL Taxonomy Extension Definition Linkbase Document
*101.LAB XBRL Taxonomy Extension Label Linkbase Document
*101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
*104 Cover page Interactive Data File, formatted in inline XBRL (included in Exhibit 101).
_______________________________________________________________________________
* Filed herewith.
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SIGNATURES
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: May 9, 2025
By: /s/ DAVID THOMPSON
David Thompson
Chief Executive Officer
Dated: May 9, 2025
By: /s/ BARRY N. BERLIN
Barry N. Berlin
Chief Financial Officer
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.