In response to this notification, OTC Markets Group granted Bright Mountain Media a cure period of 90 calendar days to regain compliance. The company must achieve a minimum closing bid price of $0.01 or greater for ten consecutive trading days to continue trading on the OTCQB marketplace. However, by correspondence dated March 9, 2026, this deadline was extended until April 9, 2026. Furthermore, the company was warned that if its closing bid price falls below $0.001 at any time for five consecutive trading days, it would be immediately removed from the OTCQB.
Management has reviewed the notices and evaluated potential alternatives to regain compliance, including the possibility of implementing a reverse stock split or pursuing other actions intended to increase the trading price of the company's common stock. After careful consideration of various factors, including the costs and administrative burden associated with a reverse stock split and the relatively low trading volume of the company's common stock, management has determined that it would be in the best interests of the company and its shareholders not to pursue actions to regain compliance with the OTCQB bid price requirement.
As of the date of this report, the company has been unable to regain compliance with the OTCQB minimum closing bid price requirement. Unless compliance occurs by April 9, 2026, management expects that the company's common stock will commence trading on the OTCID market tier of the OTC Markets Group under the same symbol, 'BMTM'. This situation raises concerns about the company's liquidity and operational execution moving forward, as the potential delisting could significantly impact investor confidence and market perception.
