8-K Filing Summary

Bright Mountain Media, Inc. has entered into the Twenty-Fifth Amendment to its Amended and Restated Senior Secured Credit Agreement with Centre Lane Partners Master Credit Fund II, L.P. The amendment, effective March 31, 2026, involves deferring a quarterly installment of approximately $1.2 million for Second Out Loans to December 20, 2026. Additionally, interest accrued on these loans for the period ending March 31, 2026, totaling approximately $201,000, was settled through a payment-in-kind instead of a cash payment. The company is now required to notify lenders of any termination or material modification to agreements with key vendors or the intent to engage new vendors meeting specific criteria. As consideration for the amendment, Bright Mountain Media, Inc. will issue 2,922,566 shares of its common stock, representing 1.5% of its pro forma ownership, to Centre Lane Partners. Following this issuance, Centre Lane Partners and its affiliates will collectively own approximately 27.3% of the company's common stock. The total amount due under the Credit Agreement is approximately $1.6 million by June 30, 2026, and approximately $92.1 million by the maturity date of December 20, 2026.