secwatch.observer — SEC 8-K summary
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Issuer:     Fluent, Inc. (FLNT)
CIK:        0001460329
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001437749-24-036384
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluent raises ~$8.0M via registered direct offering and private placement of pre-funded warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924036384/0001437749-24-036384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460329/000143774924036384/flnt20241129_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-036384

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