secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001437749-24-002301
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent enters third waiver with lenders; maturity extended to Sep 2025, requires $10M capital raise by Mar 31
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- Third waiver extends covenant breach forbearance to Apr 30, 2024; interest margin increased to 3% base / 4% SOFR.
- Maturity date extended from prior to Sep 30, 2025.
- Borrower must maintain $7.5M domestic unrestricted cash.
- By Mar 31, 2024, must deliver transaction commitments (equity/debt/asset sale) with net proceeds at least $10M.
- Company previously in breach of covenants; lenders waived rights through temporary waivers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924002301/0001437749-24-002301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924002301/flnt20240126_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002301

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