Bright Mountain Media Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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Sep 30, 2024 · Filed Nov 12, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
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. Elaine Riddell, Mr. Joseph T. Pergola, and Mr. Thomas A. Triscari. Each option has an exercise price of $0.057 per share, becomes exercisable on December 31, 2024, and expires on August 7, 2034. 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. No underwriters were involved with the issuance of such securities.
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