secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001193125-26-143551
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media defers $1.2M loan payment, issues 2.9M shares as credit amendment consideration
--------------------------------------------------------------------------------

- Twenty-Fifth Amendment defers $1.2M Second Out loan amortization to Dec 20, 2026.
- Interest of ~$201K due March 31, 2026 paid in kind (PIK) rather than cash.
- Issued 2,922,566 shares (1.5% pro forma) to Centre Lane Partners, raising its stake to 27.3%.
- $1.6M due June 30, 2026; $92.1M due Dec 20, 2026 at credit agreement maturity.
- Company must notify lenders of material changes to key vendor agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000119312526143551/0001193125-26-143551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000119312526143551/bmtm-20260406.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-143551

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer