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 ), 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%. As recently as June 1, 2021 , CMCT disclosed in its preliminary prospectus supplement for the Rights Offering that its ''charter prohibits any person from acquiring or holding, directly or indirectly, shares of [our] capital stock in excess of 6.25%, in number of shares or value, whichever is more restrictive.'' A beneficial ownership limitation of 6.25% under the Charter is also cited in numerous filings CMCT has made with the SEC since October 2, 2019 , including its Annual Reports on Form 10-K.