Current Report Filing (8-k)
March 16 2022 - 3:46PM
Edgar (US Regulatory)
0001568385
false
0001568385
2022-03-11
2022-03-11
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xbrli:shares
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): |
March
11, 2022 |
Bright
Mountain Media, Inc.
(Exact
name of registrant as specified in its charter)
Florida |
|
000-54887 |
|
27-2977890 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
6400
Congress Avenue, Suite 2050, Boca Raton, Florida |
|
33487 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: 561-998-2440
not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
None |
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
1.01 Entry into a Material Definitive Agreement
On
March 11, 2022, Bright Mountain Media, Inc. (the “Company”) and its subsidiaries CL Media Holdings LLC, Bright Mountain
Media, Inc., Bright Mountain LLC, MediaHouse, Inc. entered into a Tenth Amendment to Amended and Restated Senior Secured Credit Agreement
(the “Agreement”). The Company and its subsidiaries are parties to a credit agreement between itself and Centre Lane Partners
Master Credit Fund II, L.P. as Administrative Agent and Collateral Agent dated June 5, 2020, as amended (the “Credit Agreement”).
The Credit Agreement was amended to provide for an additional loan amount of $300,000. This term loan matures on June 30, 2023
The
terms and conditions of this Agreement and Annex a to the Credit agreement are qualified by its entirety by reference to the Amendment,
a copy of which are attached to this Report as Exhibits 10.1 and 10.2 which are incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
March 16, 2022 |
Bright
Mountain Media, Inc. |
|
|
|
|
By: |
/s/
Edward A. Cabanas |
|
|
Edward
A. Cabanas, Chief Financial Officer |
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