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Creative Media & Community Trust announces 1-for-10 reverse stock split

Creative Media & Community Trust Corporation announced that its Board of Directors has approved a reverse stock split of CMCT common stock at a ratio of one-for-ten. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Standard Time on January 6, 2025, and CMCT common stock will begin trading on the Nasdaq Global Market on a split-adjusted basis at market open that same day. At the Effective Time, every ten shares of CMCT common stock issued and outstanding immediately prior to th

BlackRock’s Bitcoin ETF Posts Record Outflow After Banner Year

(Bloomberg) -- Investors yanked a net $333 million from BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) on Thursday, the most withdrawn from the record-breaking fund since its launch.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned-Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe fund