secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001493152-25-000081
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000149315225000081/0001493152-25-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000149315225000081/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-000081

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