---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-012167"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:38:17.252612+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media acquires Big Village Agency & Insights assets for $19.9M in bankruptcy sale

## Summary
- Winning bidder in Chapter 11 auction; purchase price $19.874M plus assumed liabilities.
- Financing commitment from Centre Lane Solutions Partners for up to $26.3M senior secured term loan.
- Centre Lane to receive 10% of fully diluted equity of Bright Mountain as part of financing.
- Bankruptcy court approved sale on April 10, 2023; closing subject to conditions.
- Transaction includes Agency Business (brand strategy, creative, media) and Insights Business.

## SEC filing metadata
- accession: 0001493152-23-012167
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000149315223012167/0001493152-23-012167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000149315223012167/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-012167
- JSON: https://secwatch.observer/filing/0001493152-23-012167.json
- Plain text: https://secwatch.observer/filing/0001493152-23-012167.txt

## Key facts
- Material Agreements
  Bright Mountain Media, Inc. entered into APA with Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC valued at $19,874,000 plus the Assumed Liabilities (effective 2023-04-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC
  - Value: $19,874,000 plus the Assumed Liabilities
  - Effective: 2023-04-10
  source text: to the Company in accordance with the APA, as modified at the Auction (the “Sale Order”). The APA was executed on April 10, 2023 and upon the Sale Order became a binding agreement among the parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315223012167/0001493152-23-012167-index.htm
- Material Agreements
  Bright Mountain Media, Inc. entered into Commitment Letter with Centre Lane Solutions Partners, LP valued at up to $26,316,000 (effective 2023-04-04).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Centre Lane Solutions Partners, LP
  - Value: up to $26,316,000
  - Effective: 2023-04-04
  source text: On April 4, 2023, the Company entered into a commitment letter (the “Commitment Letter”) with Centre Lane Solutions Partners, LP (together with any designated affiliates thereof, the “CLP Lenders”). The Commitment Letter provides that, subject to the conditions set forth therein, the CLP Lenders commit to provide financing in the form of a senior secured credit facility with a super priority first lien term loan in an aggregate principal amount of up to $26,316,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315223012167/0001493152-23-012167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.