other material
confidence high
sentiment neutral
materiality 0.70
Fluent raises ~$8.0M via registered direct offering and private placement of pre-funded warrants
Fluent, Inc.
- Registered direct offering of 2,483,586 shares at $2.3152/share, expected net proceeds ~$5.3M.
- Concurrent private placement: 1,187,802 pre-funded warrants at $2.3147/warrant to officers, directors, and a principal stockholder; exercise price $0.0005, subject to stockholder approval.
- Total net proceeds ~$8.0M to be used for working capital, capex, and general corporate purposes.
- SLR Credit Solutions extended the deadline to raise at least $7.5M net cash to December 3, 2024.
- ThinkEquity acted as placement agent; cash fee of 4% of gross proceeds from $4.5M investor.