---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013707"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:49:59.929045+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media closes $20M all-cash acquisition of Big Village assets, adds $26.3M term loan

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-013707
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000149315223013707/0001493152-23-013707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000149315223013707/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013707
- JSON: https://secwatch.observer/filing/0001493152-23-013707.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013707.txt

## Key facts
- M&A Transactions
  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
  source text: On April 20, 2023, the Company completed the Acquisition for approximately $20 million, plus assumed liabilities, in an all-cash transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315223013707/0001493152-23-013707-index.htm

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