Bright Mountain Media, Inc. (BMTM): M&A transaction — Bright Mountain Media completes acquisition of Big Village businesses for $20M cash plus liabilities

Bright Mountain Media, Inc.

Acquired Agency and Insights businesses from Big Village entities for approximately $20M in cash plus assumed liabilities.
Secured an additional $26.3M term loan under existing credit agreement, maturing April 20, 2026, to finance the deal.
Issued 21,401,993 unregistered shares of common stock to BV Agency, LLC, an entity beneficially owned by the lender.
Financial statements and pro forma information for the acquired businesses to be filed by amendment within 71 days.

item 1.01 item 2.01 item 2.03 item 3.02 item 9.01

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 (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
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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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-014730

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