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BRIGHT MOUNTAIN MEDIA INC 8-K Filings

BMTM OTC

Every 8-K that BRIGHT MOUNTAIN MEDIA INC (BMTM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow BMTM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BMTM filings page.

Rhea-AI Summary

Bright Mountain Media reported second-quarter 2026 revenue of approximately $13.6 million, down 12% from $15.4 million a year earlier, as portfolio optimization and market conditions affected sales. By segment, Q2 revenue was about $6.4 million in advertising technology, $0.3 million in digital publishing, $4.9 million in consumer insights, and $2.0 million in creative and media services.

Cost controls and a gain on sale of intangible assets of about $1.1 million helped narrow the Q2 net loss to roughly $3.2 million, a 22% improvement from $4.1 million. For the first half of 2026, revenue was approximately $27.6 million, down 7%, while net loss improved 38% to $4.5 million and adjusted EBITDA rose to $2.2 million from $599,000. The company carries a related-party senior secured credit facility with a current balance of about $87.8 million, total current liabilities of about $115.3 million, and stockholders’ deficit of about $81.1 million, compared with total assets of about $34.2 million and cash and cash equivalents of about $1.0 million.

Rhea-AI Summary

Bright Mountain Media, Inc. amended its senior secured credit agreement with Centre Lane Partners and other lenders to adjust upcoming payments on its Second Out Loans. A quarterly principal installment of approximately $840,000 due June 30, 2026 was deferred in full to December 20, 2026. Interest of about $210,000 for the period ended June 30, 2026 was changed to be paid in kind instead of cash, conserving liquidity.

As consideration for the amendment, the company agreed to issue 2,980,903 shares of common stock, representing 1.5% of fully diluted pro forma ownership as of June 30, 2026, to Centre Lane Partners. After this issuance, Centre Lane Partners and its affiliates beneficially own roughly 28.8% of the company’s common stock. Under the revised schedule, about $1.7 million is due under the credit agreement as of September 30, 2026, and about $93.2 million is due on the December 20, 2026 maturity date.

Rhea-AI Summary

Bright Mountain Media, Inc. entered a material agreement to sell the www.mom.com domain and related social media accounts to Static Media, Inc. for $1.1 million through its subsidiary CL Media Holdings LLC.

Under its amended senior secured Credit Agreement with Centre Lane Partners and other lenders, the company agreed to use proceeds to prepay approximately $613,000 of First Out Loans within ten days of closing, fully satisfying the June 30, 2026 First Out amortization payment. All other amounts due on June 30, 2026, including the amortization on Second Out Loans, will be paid-in-kind rather than in cash, for an aggregate of about $1.0 million. Other terms of the Credit Agreement remain unchanged.

Rhea-AI Summary

Bright Mountain Media reported first quarter 2026 results showing improved profitability despite slightly lower sales. Revenue was about $14.0 million, down 2% from $14.2 million a year earlier, while gross margin held roughly flat at $4.3 million.

Cost controls sharply reduced general and administrative expense to $2.6 million from $4.5 million, helping narrow the net loss to $1.3 million from $3.2 million, a 60% improvement. Adjusted EBITDA rose to $2.4 million from $0.8 million, reflecting stronger operating performance. The balance sheet remains highly leveraged, with a large related-party credit facility and a significant stockholders’ deficit.

Rhea-AI Summary

Bright Mountain Media, Inc. reported a leadership change in its finance organization. Effective April 30, 2026, Chief Financial Officer Ethan Rudin departed and will receive severance equal to six months of his base salary under his employment agreement.

Chief Executive Officer Matt Drinkwater will serve as interim principal financial officer and interim principal accounting officer until the company files its next Form 10-Q. The company appointed Mr. Olgun as its new Chief Financial Officer under a May 1, 2026 employment agreement, with a $335,000 annual base salary and an annual bonus opportunity of up to 50% of base salary.

Mr. Olgun received options to purchase 1,000,000 shares of common stock at an exercise price of $0.004 per share, vesting over four years starting May 6, 2027, and is entitled to six months of base salary as severance if terminated without cause. His agreement includes customary non-competition, non-solicitation, and non-disclosure covenants.

Rhea-AI Summary

Bright Mountain Media, Inc. reports that its common stock has been moved to the OTCID market tier of the OTC Markets Group under the symbol “BMTM”. The change followed a notice that the Company’s bid price stayed below $0.01 for more than 30 consecutive days and it did not regain the required minimum closing bid of $0.01 by April 9, 2026. Trading on the OTCID tier began on April 10, 2026.

Rhea-AI Summary

Bright Mountain Media, Inc. filed an amendment describing the Twenty-Fifth Amendment to its Amended and Restated Senior Secured Credit Agreement effective as of March 31, 2026. The amendment defers a quarterly principal payment on the Second Out Loans of approximately $1.2 million that was due March 31, 2026 until December 20, 2026, and changes interest of about $201,000 for the same period to be paid in kind instead of cash. As consideration, the company agreed to issue 2,922,566 shares of common stock, equal to 1.5% of fully-diluted pro forma ownership as of March 31, 2026, to Centre Lane Partners, which will hold about 27.3% of the common stock after the issuance. The company states that approximately $1.6 million will be due under the credit agreement as of June 30, 2026, and about $92.1 million will be due as of the maturity date on December 20, 2026.

Rhea-AI Summary

Bright Mountain Media, Inc. amended its senior secured credit agreement through a Twenty-Fifth Amendment effective March 31, 2026. The company deferred a quarterly principal installment on its Second Out Loans of approximately $1.2 million that was due March 31, 2026, pushing it to December 20, 2026. Interest of about $201,000 on the Second Out Loans for the period ended March 31, 2026 was changed to payable-in-kind instead of cash. As consideration, the company will issue 2,922,566 shares of common stock, equal to 1.5% of fully-diluted pro forma ownership, to Centre Lane Partners, which will bring Centre Lane and its affiliates to 27.3% beneficial ownership. Under the amended schedule, approximately $1.6 million is due under the credit agreement as of June 30, 2026, and about $92.1 million will be due on December 20, 2026, the maturity date.

Rhea-AI Summary

Bright Mountain Media, Inc. reported that OTC Markets Group notified it that the Company no longer meets OTCQB continued listing standards because its common stock bid price stayed below $0.01 for more than 30 consecutive calendar days. The Company was granted a 90-day cure period, later extended to April 9, 2026, during which the bid price must close at or above $0.01 for ten consecutive trading days.

Management evaluated options such as a reverse stock split but decided not to pursue actions to regain compliance, citing costs, administrative burden, and low trading volume. As the Company has not regained compliance, management expects the common stock to begin trading on the OTCID market tier on April 10, 2026 under the same symbol, “BMTM,” if the bid price requirement is still not met.

Rhea-AI Summary

Bright Mountain Media reported mixed fourth-quarter and full-year 2025 results. Full-year revenue rose to $59.2 million from $56.7 million, driven mainly by advertising technology and consumer insights, while fourth-quarter revenue fell to $15.7 million from $17.1 million as advertisers became more cautious.

Cost of revenue for 2025 increased to $43.4 million, but general and administrative expenses dropped to $16.4 million from $21.4 million, helping narrow the net loss to $13.5 million from $17.0 million. Adjusted EBITDA improved sharply to $3.0 million from $790,000, reflecting operational efficiencies despite sector headwinds.

The balance sheet remains highly leveraged, with total assets of $39.7 million versus total liabilities of $116.3 million and a stockholders’ deficit of $76.6 million. A large Centre Lane senior secured credit facility continues to drive substantial interest expense.

Rhea-AI Summary

Bright Mountain Media, Inc. amended its senior secured credit agreement effective December 31, 2025, deferring the quarterly amortization and interest payments on its Second Out Loans that were due on December 31, 2025 until March 31, 2026. The deferred payments total approximately $600,000.

As consideration for this Twenty-Fourth Amendment, the company agreed to issue 2,870,792 shares of common stock, representing 1.5% of its fully diluted pro forma ownership as of December 31, 2025, to Centre Lane Partners. After this issuance, Centre Lane Partners and its affiliates beneficially own about 26.4% of the common stock.

The company states that approximately $2.2 million will be due under the credit agreement as of March 31, 2026, and approximately $90.5 million will be due on December 20, 2026, which is the maturity date of the credit agreement.

Rhea-AI Summary

Bright Mountain Media, Inc. furnished a press release announcing financial results for its third quarter and nine months ended September 30, 2025. The release is attached as Exhibit 99.1.

The company notes that the information is being furnished, not filed, under the Exchange Act. The press release includes certain non-GAAP financial measures with reconciliations to the most comparable GAAP metrics.

Rhea-AI Summary

Bright Mountain Media, Inc. reported a Twenty-Third Amendment to its Credit Agreement that includes the issuance of 2,832,485 shares of common stock, equal to 1.5% of the company's fully-diluted pro forma ownership as of September 30, 2025. The shares were issued to Centre Lane Partners. After the issuance, Centre Lane Partners and its affiliates collectively beneficially own approximately 25% of the common stock. The filing identifies the amendment as changing certain credit-agreement terms but provides no additional financial detail, rationale, or terms of consideration beyond the share issuance.