---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-000081"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T18:14:22.114477+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-000081
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000149315225000081/0001493152-25-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000149315225000081/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-000081
- JSON: https://secwatch.observer/filing/0001493152-25-000081.json
- Plain text: https://secwatch.observer/filing/0001493152-25-000081.txt

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