Bright Mountain Media, Inc. (BMTM) Form 8-K — Jun 16, 2026
Bright Mountain Media sold the domain name www.mom.com and related social media accounts to Static Media, Inc. for a total purchase price of $1.1 million. The sale required lender consent from Centre Lane Partners, which was granted along with amendments to the company's credit agreement. As a condition of the consent, the company used approximately $612,624 of the sale proceeds to prepay the amortization due on its First Out Loans for June 2026.
Key figures
- Deal Value Usd
- 1100000
- Debt Prepayment
- $612,624.28
- Domain Sale Price
- $1,100,000
- Amortization Paid In Kind
- $1,040,342.83
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