Bright Mountain Media Secures $1M Note
Ticker: BMTM · Form: 8-K · Filed: Oct 6, 2025
Sentiment: neutral
Topics: debt, financing
TL;DR
BMM just took out a $1M loan at 10% due next year, unsecured.
AI Summary
On September 30, 2025, Bright Mountain Media, Inc. entered into a direct financial obligation. The company issued a promissory note to an individual for $1,000,000, bearing interest at 10% per annum, with a maturity date of September 30, 2026. This note is unsecured.
Why It Matters
This filing indicates Bright Mountain Media has taken on new debt, which could impact its financial flexibility and future investment capacity.
Risk Assessment
Risk Level: medium — The company has incurred a new debt obligation, which introduces financial risk and impacts its balance sheet.
Key Numbers
- $1.0M — Promissory Note Principal (Represents new debt incurred by the company.)
- 10% — Interest Rate (Cost of borrowing for the new debt.)
- 1 year — Maturity Term (Short-term nature of the debt obligation.)
Key Players & Entities
- Bright Mountain Media, Inc. (company) — Registrant
- $1,000,000 (dollar_amount) — Principal amount of promissory note
- September 30, 2025 (date) — Date of promissory note issuance
- September 30, 2026 (date) — Maturity date of promissory note
- 10% (dollar_amount) — Interest rate on promissory note
FAQ
What is the purpose of the $1,000,000 promissory note?
The filing does not specify the exact purpose of the promissory note, only that it is a direct financial obligation of Bright Mountain Media, Inc.
Who is the lender of the $1,000,000 promissory note?
The filing states the note was issued to an individual, but their name is not disclosed in this 8-K filing.
Is the $1,000,000 promissory note secured?
No, the promissory note is explicitly stated as being unsecured.
What are the terms of repayment for the promissory note?
The promissory note has a principal amount of $1,000,000, an interest rate of 10% per annum, and matures on September 30, 2026.
Does this filing represent a new financing arrangement for Bright Mountain Media?
Yes, this 8-K filing reports the creation of a direct financial obligation in the form of a $1,000,000 promissory note.
Filing Stats: 846 words · 3 min read · ~3 pages · Grade level 14.1 · Accepted 2025-10-06 16:43:32
Key Financial Figures
- $575,000 — to the First Out Loans was reduced from $575,000 to $250,000, with the payment of the di
- $250,000 — Out Loans was reduced from $575,000 to $250,000, with the payment of the difference bei
- $390,000 — cond Out Loans, which was approximately $390,000, was deferred in its entirety until the
- $257,000 — r 30, 2025, which totaled approximately $257,000, such that the interest payment for eac
- $8,000 — s of the First Out Loans, approximately $8,000, which amendment fee was paid on Septem
- $0.01 — common stock of the Company, par value $0.01 per share (the " Common Stock "), equal
- $83.3 million — As of October 6, 2025, approximately $83.3 million remains outstanding under the Credit Ag
- $1.2 million — he Credit Agreement, with approximately $1.2 million of such amount due on December 31, 2025
Filing Documents
- form8-k.htm (8-K) — 40KB
- 0001493152-25-017092.txt ( ) — 198KB
- bmtm-20250930.xsd (EX-101.SCH) — 3KB
- bmtm-20250930_lab.xml (EX-101.LAB) — 33KB
- bmtm-20250930_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: October 6, 2025 By: /s/ Matt Drinkwater Matt Drinkwater Chief Executive Officer