Fluent gets second temporary waiver on credit covenant breach, extended to Jan 26

Fluent, Inc.

Second Temporary Waiver extends initial waiver expiration from Jan 15 to Jan 26, 2024.
Breach of credit covenant triggered initial waiver; second waiver does not modify other terms.
Waiver granted by Citizens Bank as administrative agent and lenders.
Company remains in covenant breach with short extension, signaling continued financial stress.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fluent, Inc. entered into Second Temporary Waiver Under Credit Agreement with Citizens Bank, N.A. (effective 2024-01-17).

Action: entry
Agreement: credit facility
Counterparty: Citizens Bank, N.A.
Effective: 2024-01-17

Exact text from the filing

On January 17, 2024, the Borrower entered into a Second Temporary Waiver Under Credit Agreement (the “ Second Waiver ”) with the lenders thereto and Citizens Bank as administrative agent

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Fluent, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-001746

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