Bright Mountain Media, Inc. 8-K

What Happened
Bright Mountain Media, through its subsidiary CL Media Holdings LLC, announced on June 10, 2026 that it sold the domain name "www.mom.com" and related social media accounts to Static Media, Inc. for $1.1 million. The sale required and received consent from Centre Lane Partners Master Credit Fund II, L.P. and the lenders under Bright Mountain’s Amended and Restated Senior Secured Credit Agreement (originally dated June 5, 2020). The consent (the “CLP Consent”) includes limited amendments to the Credit Agreement tied to the sale.

Key Details

• Buyer: Static Media, Inc.; Asset sold: domain "www.mom.com" and related social media accounts. Sale price: $1.1 million. (Agreement dated June 10, 2026.)
• Debt prepayment: Within 10 days of closing, the company will prepay approximately $613,000 of First Out Loans from sale proceeds, applied to the June 30, 2026 First Out amortization payment in full.
• Payment conversion: All other amounts due under the Credit Agreement on June 30, 2026 (including Second Out loan amortization), totaling about $1.0 million, will be paid-in-kind (PIK) rather than in cash.
• Scope: Aside from these changes tied to the sale, the CLP Consent did not alter other terms of the Credit Agreement. The CLP Consent is attached as Exhibit 10.1 to the company’s Form 8-K.

Why It Matters
The sale monetizes a non-core digital asset to generate immediate cash and reduce the company’s near-term cash interest in its loan structure. Prepaying roughly $613k of First Out debt lowers the upcoming cash amortization requirement, while converting roughly $1.0M of other June 30, 2026 obligations to PIK delays cash outflows (they remain owed but are capitalized). For investors, this is a liquidity- and debt-management action — it improves short-term cash requirements but does not eliminate the underlying liabilities.