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CIM Commercial files registration statement for common stock

CIM Commercial Trust Corp. filed a registration statement with the SEC on Form S-11 for the sale of an undisclosed number of shares of its common stock.

The proposed maximum aggregate offering price, estimated solely for the purpose of calculating the registration fee, amounts to about US$27.8 million.

The company will use the net proceeds generated from the offering for purchases, repayment of debt and other general business purposes.