Bright Mountain Media defers $840K loan payment, issues 2.98M shares to lender

Bright Mountain Media, Inc.

Deferred $840,000 quarterly installment on Second Out Loans from June 30 to December 20, 2026.
Interest payment of $210,000 due June 30, 2026 paid-in-kind instead of cash.
Issued 2,980,903 shares (1.5% of pro forma ownership) to Centre Lane Partners as consideration.
Centre Lane Partners now beneficially owns ~28.8% of common stock.
Approximately $93.2 million due under Credit Agreement at maturity on December 20, 2026.

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