Bright Mountain Media, Inc.

BMTM: 8-K/A · auditor change

Bright Mountain Media filed this 8-K/A solely to attach the required letter from former auditor WithumSmith+Brown confirming the auditor change first reported on September 23, 2026. Withum agreed with the company's statements; no disagreements or reportable events were disclosed during the two most recent fiscal years.

SEC 8-K/A•27d ago

BMTM: 8-K · auditor change

Bright Mountain Media dismissed WithumSmith+Brown as its independent auditor effective September 21, 2026, a change approved by the Audit Committee. The company simultaneously engaged Grassi & Co. to review Q3 2026 results and audit the fiscal year ending December 31, 2026. Notably, Withum's audit reports for fiscal 2024 and 2025 each contained an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern.

SEC 8-K•1mo ago

BMTM: 10-Q · periodic report

Bright Mountain Media's 10-Q for the quarter ended June 30, 2026 carries a substantial going-concern warning: the company held just $1.0 million of cash against a $99.0 million working capital deficit and stated that current cash and working capital are not expected to be sufficient to fund operations over the next twelve months. The balance sheet is dominated by $88.8 million owed to related-party lender Centre Lane Partners, with $1.4 million due September 30, 2026 and $87.4 million due December 20, 2026; the total contractual payout at maturity, including paid-in-kind interest, is roughly $94.9 million. The company says it is exploring restructuring, refinancing, additional borrowing, or an equity raise, and its success is not guaranteed. Second quarter revenue fell 11.5% year over year to $13.6 million from $15.4 million, though the net loss narrowed to $3.2 million from $4.1 million, helped by a roughly $1.1 million gain on the sale of the Mom.com domain name and related social accounts to Static Media for $1.1 million. Continued lender support has come at the cost of dilution and control: the credit agreement has now been amended 27 times, Centre Lane and its affiliate BV Agency received another 5.9 million shares in the first half of 2026, and together they own about 28.4% of the company's outstanding common stock.

SEC 10-Q•2mo ago

BMTM: 8-K · debt financing

Bright Mountain Media entered into the Twenty-Seventh Amendment to its Amended and Restated Senior Secured Credit Agreement with Centre Lane Partners, effective June 29, 2026. This amendment defers the company's obligation to make principal amortization payments on the Second Out Loans. The company deferred a principal payment of approximately $840,000 that was due on June 30, 2026, to December 20, 2026. Additionally, an interest payment of approximately $210,000 for the period ended June 30, 2026, was converted to a payable-in-kind obligation rather than a cash payment. As consideration for these amendments, Bright Mountain Media issued 2,980,903 shares of common stock to Centre Lane Partners. Following this issuance, Centre Lane Partners and its affiliates collectively beneficially own approximately 28.8% of the company's common stock. The amended credit agreement requires approximately $1.7 million to be paid by September 30, 2026, with the full maturity balance of approximately $93.2 million due on December 20, 2026.

SEC 8-K•3mo ago