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Creative Media & Community Trust’s Board Unanimously Determined That Mr. Negari’s $8.88/Share Proposal Substantially Undervalues CMCT And Not Credible Due To Lack Of Committed Financing; Co. Remains Focused On Creating Value For Its Shareholders Long T…

- SEC Filing On April 17, 2023, Creative Media & Community Trust Corporation (“CMCT”) received a letter from Daniel M. Negari. Among other things, Mr. Negari indicated that he is interested in acquiring

CMCT

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Creative Media & Community Trust Form 13D Shows Mr. Negari Proposes To Acquire All Outstanding Shares Of The Co. For $8.88/Share In Cash And Noted He Intends To Evaluate All Of His Options And Take Action Should He Not Receive A Favorable Response

On April 17, 2023, Mr. Negari delivered a letter (the “Offer Letter”) to the Board of Directors of the Issuer (the “Board”) pursuant to which Mr. Negari proposed to acquire all of the outstanding

CMCT