Lionbridge / robotti / winthrop group uncovers serious sec disclosure violations by cmct

New york, june 9, 2021 /prnewswire/ -- the shareholder group led by lionbridge capital i, lp and its affiliates, robotti & company, inc. and its affiliates, and winthrop realty partners, l.p. and its affiliates, who collectively own 897,085 shares, or approximately 6.0% of the outstanding shares of cim commercial trust corporation ("cmct" or the "company") (nasdaq: cmct and tase: cmct-l), today issued the following statement in connection with a severe disclosure omission and debilitating material misstatements by cmct that the group has uncovered under the rules of the securities and exchange commission (the "sec"), which serves to revoke cmct's form s-3 eligibility for its current rights offering: "the company purports to have amended its charter at some point during the fall of 2019 to decrease the beneficial ownership limitation applicable to its stockholders from 9.8% to 6.25%.
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