−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
−Removed: the period from January 1, 2020 through June 30, 2020 Bright Mountain Media, Inc.
−Removed: sold 6,142,500 units of our securities to 66
−Removed: accredited investors in a private placement exempt from registration under the Securities Act in reliance on exemptions provided
−Removed: by Section 4(a)(2) and Rule 506(b) of Regulation D resulting in gross proceeds to the Company of $3,071,250.
−Removed: Each unit was sold
−Removed: at $0.50 and consisted of one share of common stock and one five- year warrant to purchase one share of common stock at an exercise
−Removed: price of $0.75 per share.
+Added: UNREGISTERED SALES OF EQUITY
+Added: SECURITIES AND USE OF PROCEEDS.
+Added: During the period from
+Added: January 1, 2020 through September 30, 2020 Bright Mountain Media, Inc.
+Added: sold 5,199,350 units of our securities to 67 accredited
+Added: investors in a private placement exempt from registration under the Securities Act in reliance on exemptions provided by Section
+Added: 4(a)(2) and Rule 506(b) of Regulation D resulting in gross proceeds to the Company of $3,577,698.
+Added: Each unit was sold at $0.50
+Added: and consisted of one share of common stock and one five- year warrant to purchase one share of common stock at an exercise price
+Added: of $0.75 per share.
Spartan Capital Securities, LLC is serving as the Placement Agent for the Company in this offering.
−Removed: As compensation for services the Company has paid Spartan a $25,000 engagement fee, $307,125 commissions at 10% of the proceeds,
−Removed: $153,563 non-accountable expense at 5% of the proceeds, $250,000 for the sixty-month Amended M&A Advisory Agreement, and $165,000
−Removed: for the Finder’s Agreement Amendment.
−Removed: A total of 6,141,500 five-year warrants were issued to the investors to purchase one
−Removed: share of our common stock, exercisable at a $0.65 share price.
−Removed: The Placement Agent was issued a total of 614,250 five-year warrants
−Removed: to purchase one share of our common stock, exercisable at a $1.00 share price.
+Added: As compensation
+Added: for services the Company has paid Spartan a $25,000 engagement fee, $519,935 commissions at 10% of the proceeds, $259,968 non-accountable
+Added: expense at 5% of the proceeds, $250,000 for the sixty-month Amended M&A Advisory Agreement, and $165,000 for the Finder’s
+Added: Agreement Amendment.
+Added: A total of 10,398,700 five-year warrants were issued to the investors to purchase one share of our common
+Added: stock, exercisable at a $0.75 share price.
+Added: The Placement Agent was issued a total of 1,039,870 five-year warrants to purchase
+Added: one share of our common stock, exercisable at a $1.00 share price.
DEFAULTS UPON SENIOR SECURITIES.
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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.