Bright Mountain Media borrows $1.9M to bond $1.7M judgment; issues 5M shares to lender affiliate

Bright Mountain Media, Inc.

Borrowed approx. $1.9M under 21st Amendment to credit agreement to secure bond staying $1.7M Ladenburg judgment pending appeal.
Loan matures on earlier of litigation resolution or April 20, 2026; interest mix of cash (0-5%) and PIK (10-15%).
Issued 5,001,991 shares (2.5% fully-diluted) to lender affiliate; Centre Lane Partners now owns ~23.6% of common stock.
Loan is senior secured by all assets and capital stock of company and subsidiaries.

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