SaleJun 16, 2026, 03:11 PM
Bright Mountain Media Sells mom.com Domain for $1.1M
AI Summary
Bright Mountain Media, Inc., through its subsidiary CL Media Holdings LLC, sold the "www.mom.com" domain name and related social media handles to Static Media, Inc. for $1.1 million. In connection with this sale, the company agreed to prepay approximately $613,000 of its First Out Loans from the proceeds, which fulfills the June 2026 amortization payment. Additionally, other amounts due on June 30, 2026, totaling approximately $1.0 million, including Second Out Loans, will be paid-in-kind instead of cash.
Key Highlights
- Bright Mountain Media sold the "www.mom.com" domain name and related social media handles.
- The purchase price for the domain name sale was $1.1 million.
- The company agreed to prepay approximately $613,000 of First Out Loans from the sale proceeds.
- This prepayment fully satisfies the June 2026 First Out Amortization Payment.
- Other amounts due on June 30, 2026, totaling approximately $1.0 million, will be paid-in-kind.
- The Second Out Loans amortization payment due is $1,040,342.83.
Price Impact
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