Bright Mountain Media, Inc. 8-K

What Happened
Bright Mountain Media, Inc. (BMTM) filed an 8-K on January 7, 2026 reporting a Twenty-Fourth Amendment to its Amended and Restated Senior Secured Credit Agreement with Centre Lane Partners Master Credit Fund II, L.P. and the lenders, effective December 31, 2025. The amendment deferred the quarterly amortization installment and the interest payment on the Second Out Loans that were due December 31, 2025 until March 31, 2026 — together approximately $600,000. As consideration, BMTM agreed to issue 2,870,792 shares of common stock (equal to 1.5% of fully‑diluted pro forma ownership as of December 31, 2025) to Centre Lane Partners; after issuance, Centre Lane and affiliates will beneficially own about 26.4% of the company. The filing notes approximately $2.2 million will be due under the Credit Agreement as of March 31, 2026, and approximately $90.5 million due at the agreement’s maturity on December 20, 2026.

Key Details

• Amendment effective December 31, 2025; Form 8-K filed January 7, 2026.
• Deferred payments (principal + interest) on Second Out Loans ≈ $600,000, moved from Dec 31, 2025 to Mar 31, 2026.
• Issued 2,870,792 shares of common stock (1.5% fully‑diluted pro forma) to Centre Lane Partners.
• Centre Lane and affiliates will beneficially own ~26.4% post-issuance; $2.2M due 3/31/2026 and $90.5M due 12/20/2026 (maturity).

Why It Matters
This amendment reduces near-term cash outflow by deferring about $600K of payments into Q1 2026, giving the company short-term liquidity relief. However, the company issued nearly 2.87 million shares to its lender, increasing Centre Lane’s stake to roughly 26.4%, which dilutes existing shareholders and may affect control dynamics. Investors should note the upcoming debt schedule: a modest amount ($2.2M) is due March 31, 2026 and a large balance (~$90.5M) remains due at the December 20, 2026 maturity date.