secwatch.observer — SEC 8-K summary
======================================

Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001437749-22-029729
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent amends credit agreement, acknowledges FTC and PA litigation, loses revolver access
--------------------------------------------------------------------------------

- Entered second amendment to credit agreement; replaced LIBOR with Term SOFR; joined new guarantors.
- Acknowledged pending FTC draft complaint and PA Attorney General lawsuit filed Nov 2, 2022.
- Cannot draw on $15M revolving credit facility due to litigation-related representation inaccuracy.
- Company believes sufficient cash for next twelve months despite revolver unavailability.
- Waived certain defaults for delayed joinder of subsidiary Fluent Insurance Agency, LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774922029729/0001437749-22-029729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774922029729/flnt20221201_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-029729

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer