Bright Mountain Media, Inc. (BMTM): M&A transaction — Bright Mountain Media completes $20M acquisition of Big Village assets; issues 21.4M shares

Bright Mountain Media, Inc.

Acquired Big Village Agency and Insights for $20M cash plus assumed liabilities on April 20, 2023.
Entered $26.3M term loan amendment with Centre Lane to finance the acquisition, maturing April 2026.
Issued 21.4M shares to Centre Lane affiliate; post-transaction ownership of 12.4% and 8.8% by two entities.
Acquired entities had 2022 revenue of $56.4M and net income of $3.1M; sellers filed Chapter 11 in Feb 2023 with liquidation plan.

item 9.01 item 1.01 item 2.01 item 2.03 item 3.02

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, plus assumed liabilities, in an all-cash transaction (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, in an all-cash transaction
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 0001628280-23-024436

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