secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K/A
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001628280-23-024436
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01, 1.01, 2.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000162828023024436/0001628280-23-024436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000162828023024436/bmm-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-024436

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer