Bright Mountain Media, Inc. (BMTM) SEC Filing 8-K Material Event for the period ending Wednesday, May 6, 2020

Bright Mountain Media, Inc.

CIK: 1568385 Ticker: BMTM






Washington, DC 20549






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): May 6, 2020


Bright Mountain Media, Inc.

(Exact name of registrant as specified in its charter)


Florida   000-54887   27-2977890

(State or other jurisdiction

of incorporation)



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 [X]


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 3.02 Unregistered Sales of Equity Securities


On May 6, 2020, Bright Mountain Media, Inc. (the “Company”) closed an additional $207,500 in a private offering (“Offering”). The Offering was for a $500,000 minimum and a maximum of $5 million. As of the date of this Report on Form 8- k, the Company has received gross proceeds of $3,001,250. The Offering consists of units (“Units”) each unit contains one share of Common Stock (“Common Stock”) and one warrant (“Warrant”) exercisable for one share of Common Stock at an offering price of $0.50 per Unit. The Warrants are five-year Warrants to purchase one share of Common Stock at an exercise price of $0.75 cents per share.


This tranche was for a total of $207,500 to ten accredited investors purchasing an aggregate of 415,000 Units. The Company received proceeds of $176,375 and $31,125 was paid to the placement agent (“Placement Agent”), a registered broker dealer as their Placement Agent fee. The Placement Agent also received Warrants to purchase 41,500 shares of Common Stock included in the Offering.


All securities issued in the Offering, were sold pursuant to an exemption from registration under Section 4(a)(2) and Regulation D of the Securities Act of 1933.


Securities issued in the Offering have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.





9.01 Financial Statements and Exhibits


No.   Exhibit Description
10.1   Form of Subscription Agreement and Purchaser Questionnaire*
10.2   Form of Warrant*


*Incorporated by reference from the Company’s Current Report on Form 8-k filed on February 4, 2020.







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: May 8, 2020 Bright Mountain Media, Inc.
  By: /s/ Alan B. Bergman
    Alan B. Bergman, Chief Financial Officer



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Definitive Proxy Statement (Form DEF 14A)
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Bright Mountain Media, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


Ticker: BMTM
CIK: 1568385
Form Type: 8-K Corporate News
Accession Number: 0001493152-20-008053
Submitted to the SEC: Fri May 08 2020 3:15:08 PM EST
Accepted by the SEC: Fri May 08 2020
Period: Wednesday, May 6, 2020
Industry: Computer Programming Services
  1. Financial Exhibit
  2. Unregistered Sales

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