---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-024436"
form_type: "8-K/A"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:48:38.601224+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media completes $20M acquisition of Big Village assets; issues 21.4M shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-024436
- form_type: 8-K/A
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01, 1.01, 2.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000162828023024436/0001628280-23-024436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000162828023024436/bmm-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-024436
- JSON: https://secwatch.observer/filing/0001628280-23-024436.json
- Plain text: https://secwatch.observer/filing/0001628280-23-024436.txt

## Key facts
- M&A Transactions
  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
  source text: On April 20, 2023, the Company completed the Acquisition for approximately $20 million, plus assumed liabilities, in an all-cash transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000162828023024436/0001628280-23-024436-index.htm

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