other material
confidence high
sentiment negative
materiality 0.65
Bright Mountain Media will not cure OTCQB bid-price deficiency; expects downgrade to OTCID tier April 10
Bright Mountain Media, Inc.
- Received notice Dec 9, 2025; bid price below $0.01 for 30 consecutive days, failing OTCQB continued eligibility.
- Cure period extended to April 9, 2026; management opts against reverse stock split or other actions.
- Unless compliance by April 9, on April 10, 2026, common stock (BMTM) expected to trade on OTCID market tier.
- Additional risk: if bid price falls below $0.001 for five consecutive days, immediate removal from OTCQB.
- Management cites costs and low trading volume as reasons for not pursuing compliance.