Creative Media shares surge 25.94% intraday after closing $44.9M lending division sale to strengthen balance sheet.

Creative Media surged 25.94% intraday after announcing the $44.9 million sale of its lending division to PG FR Holding, generating $31.2 million in net cash proceeds. The transaction, which strengthens the company’s balance sheet and liquidity, aligns with its strategic focus on growing its multifamily portfolio. The second news event, detailing BarkleyOKRP’s executive hire, is unrelated to Creative Media’s stock performance. The sharp intraday rally directly reflects positive sentiment toward the asset sale’s financial and strategic benefits.