The sale provides modest cash but the PIK conversion signals ongoing cash constraints. Monitor future debt service requirements and any further covenant waivers. The low market cap and OTC listing suggest limited liquidity for common stock traders.
Price Chart
Executive Summary
Bright Mountain Media, through its subsidiary CL Media Holdings, sold the mom.com domain name and related social media handles to Static Media for $1.1 million. The sale required lender consent from Centre Lane Partners, which was obtained with conditions: approximately $613,000 of the proceeds must be used to prepay First Out Loans, fulfilling the June 2026 amortization, while the remaining ~$1.04 million Second Out amortization will be paid-in-kind (PIK) rather than cash. The transaction modestly reduces near-term debt service but highlights the company's constrained liquidity and reliance on PIK arrangements.
Key Financial Metrics
Key Facts
- Sold mom.com domain and social media handles to Static Media for $1.1 million on June 10, 2026.
- Lender consent from Centre Lane Partners required; obtained via Consent Letter dated June 10, 2026.
- Proceeds used: $612,624.28 to prepay First Out Loans (fulfilling June 2026 amortization).
- Remaining $1,040,342.83 Second Out amortization due June 30, 2026, will be paid-in-kind instead of cash.
- No other amendments to the Credit Agreement; no Default or Event of Default exists after giving effect.
Financial Impact
Asset sale of $1.1M; $613k used for debt prepayment; $1.04M of second-out amortization converted to PIK.
Risk Factors
- High leverage; total debt structure includes PIK interest that can accumulate.
- Limited free cash flow; reliance on asset sales and lender accommodations to meet obligations.
- OTC-traded; low trading volume and price volatility.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-272407 |
| Document: bmtm-20260616.htm | 0001193125-26-272407 |
| Document: 0001193125-26-272407-index-headers.html | 0001193125-26-272407 |
| Document: 0001193125-26-272407-index.html | 0001193125-26-272407 |
| Document: 0001193125-26-272407.txt | 0001193125-26-272407 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 8-K | $0.005200 $0.002400 | ▲ +53.85% | ▲ +54.53% | $0.002400 (+53.85%) |
Jul 7, 2026 15w ago | 8-K | $0.008300 $0.009600 | ▼ −15.66% | ▼ −12.50% | $0.002400 (+71.08%) |
Jun 16, 2026 18w ago | 8-K | $0.007000 $0.009000 | ▲ +28.57% | ▲ +27.72% | $0.002400 (−65.71%) |
May 12, 2026 23w ago | 8-K | $0.004000 $0.007300 | ▼ −82.50% | ▼ −84.23% | $0.002400 (+40.00%) |
Apr 16, 2026 27w ago | 8-K | $0.006000 $0.004000 | ▲ +33.33% | ▲ +39.15% | $0.002400 (+60.00%) |
Apr 6, 2026 29w ago | 8-K | $0.004800 $0.004000 | ▼ −16.67% | ▼ −25.65% | $0.002400 (−50.00%) |
US Market Status
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