CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Other EventsItem 8.01 Other Events.
On October5, 2018, CIM Commercial Trust Corporation (the “Company”) published a presentation to provide a strategic update to its investors (the “Update”). The Update describes a potential recapitalization (the “Potential Recapitalization”) that the Company is considering in order to, among other things, provide its shareholders with liquidity approximating the net asset value per share of the common stock, par value $0.001 per share, of the Company (the “Common Stock”) and improve the trading volume and liquidity of the Common Stock. The Potential Recapitalization involves a series of potential transactions as described in the Update. There can be no guarantee that the Potential Recapitalization will occur or, if it occurs, that any or all of its components will occur in the form or manner described in the Update.
A copy of the Update is attached to this Form8-K as Exhibit99.1 and is incorporated by reference herein. Additionally, the Company has posted a copy of its Update on its Shareholder Relations pageat http://shareholders.cimcommercial.com/.
The information in this Item 8.01 and Exhibit99.1 are being furnished and shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.