Bright Mountain Media Secures New Loan Agreement
Ticker: BMTM · Form: 8-K · Filed: Jul 5, 2024 · CIK: 1568385
| Field | Detail |
|---|---|
| Company | Bright Mountain Media, Inc. (BMTM) |
| Form Type | 8-K |
| Filed Date | Jul 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing
Related Tickers: BMTM
TL;DR
BMM just signed a new loan agreement on 6/30. Details to follow.
AI Summary
On June 30, 2024, Bright Mountain Media, Inc. entered into a material definitive agreement, specifically a loan agreement with an unnamed lender. This agreement creates a direct financial obligation for the company, the terms of which are detailed in the filing.
Why It Matters
This filing indicates Bright Mountain Media has secured new financing, which could impact its operational capacity and financial stability.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation introduces potential risks related to repayment and interest, though specific terms are not fully detailed in this initial report.
Key Players & Entities
- Bright Mountain Media, Inc. (company) — Registrant
- June 30, 2024 (date) — Date of earliest event reported
FAQ
What is the principal amount of the loan agreement?
The filing does not specify the principal amount of the loan agreement.
Who is the lender in this agreement?
The filing does not disclose the identity of the lender.
What is the interest rate on the loan?
The interest rate for the loan agreement is not provided in this filing.
What are the maturity dates for this financial obligation?
The maturity dates for the financial obligation are not detailed in this report.
Are there any specific covenants or conditions associated with this loan?
The filing does not outline any specific covenants or conditions related to the loan agreement.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 13 · Accepted 2024-07-05 15:00:27
Key Financial Figures
- $100,000 — Loans so that quarterly installments of $100,000 commence on September 30, 2024, with su
Filing Documents
- form8-k.htm (8-K) — 46KB
- 0001493152-24-026309.txt ( ) — 212KB
- bmtm-20240630.xsd (EX-101.SCH) — 3KB
- bmtm-20240630_lab.xml (EX-101.LAB) — 33KB
- bmtm-20240630_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Bright Mountain Media, Inc. Date: July 5, 2024 By: /s/ Matt Drinkwater Matt Drinkwater Chief Executive Officer