Risk Factors.
−Removed: There have been no material changes to the Risk Factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023.
+Added: For the quarter ended March 31, 2025, one customer represented 22.4% of our total accounts receivable balance and another customer represented 10.2% of that balance.
+Added: Inability to collect these amounts could have a material adverse impact on our operations.
+Added: Beyond this, there have been no other material changes to the Risk Factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.
Unregi stered Sales of Equity Securities and Use of Proceeds.
−Removed: On August 8, 2024, in connection with the appointment of new people to the Board of Directors of the Company, the Company issued 39,891 options to purchase shares of the Company’s common stock to each of Ms.
−Removed: Elaine Riddell, Mr.
−Removed: Pergola, and Mr.
−Removed: Each option has an exercise price of $0.057 per share, becomes exercisable on December 31, 2024, and expires on August 7, 2034.
−Removed: The issuance of these securities was effected without registration in reliance on Section 4(a)(2) of the Securities Act as a sale by the Company not involving a public offering.
−Removed: No underwriters were involved with the issuance of such securities.
Defaults Upon Senior Securities.
1 unchanged sentence
Other Inform ation.
+Added: Incorporated by Reference
+Added: Filed or Furnished
Exhibit Description
+Added: Twenty-Second Amendment to Amended and Restated Senior Secured Credit Agreement, dated March 31, 2025
+Added: Annex A to the Credit Agreement, dated March 31, 2025
+Added: Amendment to Employment Agreement dated January 1, 2025 by and between the Company and Ethan Rudin
Certification of the Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a)
6 unchanged sentences
* This certification is being furnished and shall not be deemed “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference.
−Removed: Indicates a management contract or compensatory plan or arrangement.
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 thereunto duly authorized.
BRIGHT MOUNTAIN MEDIA, INC.
−Removed: November 12, 2024
/s/ Matthew Drinkwater
Matthew Drinkwater,
−Removed: Chief Executive Officer and Director
+Added: Interim Chairman of the Board and Chief Executive Officer
(Principal Executive Officer)
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.