Bright Mountain Media drops out of OTCQB compliance on bid price below $0.01; OTC Markets extends cure deadline to April 9, 2026

Reuters03-28
<a href="https://laohu8.com/S/BMTM">Bright Mountain</a> Media drops out of OTCQB compliance on bid price below $0.01; <a href="https://laohu8.com/S/OTCM">OTC Markets</a> extends cure deadline to April 9, 2026
  • Bright Mountain Media received notice from OTC Markets Group that it no longer met OTCQB continued eligibility standards after its closing bid price stayed below $0.01 for more than 30 consecutive calendar days.
  • The company was given a 90-day cure period, later extended to April 9, 2026, requiring a minimum closing bid price of $0.01 or greater for 10 consecutive trading days.
  • OTC Markets Group also indicated the stock would be immediately removed from OTCQB if the closing bid price falls below $0.001 for five consecutive trading days.
  • Management said it does not plan to pursue actions such as a reverse stock split to regain compliance with the OTCQB bid price requirement.
  • Unless compliance is regained by April 9, 2026, the company expects its shares to begin trading on the OTCID market tier under the symbol BMTM on April 10, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bright Mountain Media Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-128774), on March 27, 2026, and is solely responsible for the information contained therein.

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