Bright Mountain Media, Inc. (BMTM): M&A transaction — Bright Mountain Media closes $20M all-cash acquisition of Big Village assets, adds $26.3M term loan

Bright Mountain Media, Inc.

Completed purchase of Big Village's Agency and Insights businesses for approx. $20M cash plus assumed liabilities on April 20, 2023.
Executed Seventeenth Amendment to credit agreement, adding $26,315,789.47 term loan due April 20, 2026, to fund the acquisition.
New subsidiaries Big-Village Agency LLC and BV Insights LLC formed and added as guarantors under the credit agreement.
Company will file required financial statements and pro forma information within 71 days of the 8-K filing date.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Bright Mountain Media, Inc. completed an acquisition involving 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 for approximately $20 million, plus assumed liabilities (closed 2023-04-20).

Action: acquisition
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
Consideration: approximately $20 million, plus assumed liabilities
Closing: 2023-04-20

Exact text from the filing

On April 20, 2023, the Company completed the Acquisition for approximately $20 million, plus assumed liabilities, in an all-cash transaction.

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Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-013707

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