06/16/2026 | Press release | Distributed by Public on 06/16/2026 13:01
On June 10, 2026, Bright Mountain Media, Inc., a Florida corporation (the "Company"), through its wholly owned subsidiary, CL Media Holdings LLC, a Delaware limited liability company ("CL Media"), entered into that certain Domain Name and Social Media Handles Purchase and Sale Agreement with Static Media, Inc. ("Static"), pursuant to which the Company sold, assigned, transferred, conveyed, and delivered to Static all right, title, and interest in and to the domain name "www.mom.com" (the "Domain Name") and certain social media accounts related to the Domain Name for a purchase price of $1.1 million (the "Domain Name Sale").
In connection with the closing of the Domain Name Sale, the Company was required to obtain the consent (the "CLP Consent") of Centre Lane Partners Master Credit Fund II, L.P. ("Centre Lane Partners") and the Lenders (as defined below) to the Domain Name Sale pursuant to that certain Amended and Restated Senior Secured Credit Agreement among the Company, the Company's subsidiaries-CL Media, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC-the lenders party thereto (the "Lenders"), and Centre Lane Partners, as Administrative Agent and Collateral Agent, dated June 5, 2020, as amended (the "Credit Agreement").
In addition to the consent of Centre Lane Partners and the Lenders to the Domain Name Sale, the CLP Consent included certain amendments to the Credit Agreement, including the following:
Aside from the foregoing, the CLP Consent did not amend or otherwise alter any other terms of the Credit Agreement. The terms and conditions of the CLP Consent are qualified in their entirety by reference to the CLP Consent, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1, which is incorporated herein by reference.
(d) Exhibits
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Exhibit No. |
Description |
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10.1 |
CLP Consent dated June 10, 2026 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |