secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2026-03-27T23:59:59+00:00
Accession:  0001193125-26-128774
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media will not cure OTCQB bid-price deficiency; expects downgrade to OTCID tier April 10
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000119312526128774/0001193125-26-128774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000119312526128774/bmtm-20260327.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-128774

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