secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2026-07-07T19:35:33+00:00
Accession:  0001193125-26-297404
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000119312526297404/0001193125-26-297404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000119312526297404/bmtm-20260707.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-297404

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